$PTEN made its move two weeks back, breaking past the 50-day EMA and pushing through the descending resistance zone that had been capping gains. The initial candle showed some caution—a spinning top pattern—but it marked a legitimate test of the new level.

Following up last week, the bulls didn't hesitate. A solid bullish continuation candle came through, confirming that the breakout wasn't just noise. Price holding above these levels keeps the short-term momentum in favor of buyers. Watch how $PTEN responds if it touches the 50 EMA again—that'll tell you whether conviction is holding or if we're seeing weakness creep back in.