$LAC formed a textbook piercing line pattern right at the 50 EMA and horizontal support level—a classic setup following our early January observation. What made this move significant was the price action itself: selling pressure got absorbed, and buyers were clearly stepping in with conviction. The follow-up candles delivered solid confirmation, validating the pivot point. When major support holds and you see that kind of buying interest returning, it typically signals a shift in momentum. Traders watching this setup had a clean technical signal to work with.