COST broke out of a long term resistance. Can it hold?

It's been a few days since COST broke out of the long term resistance of $389.58 that was forming since November 2020.

The question now is, can it hold?

Two reasons why I think it can.
1. It consolidated after a move higher and made a new 52 week high

2. Its expected to do well in the coming year.

Now, looking at its past performance I think COST will come back to retest the $387.60 to $389.58 range before moving higher.

The main reason why I think this is because the breakout didn't have a large amount of volume kicking it higher; and because the follow through also doesn't have a lot of volume.

Final thought:
COST did break and I think it'll continue to move higher but not before retesting the broken resistance.

This is one to keep an eye on for sure.