A potential breakout out setup #stocks

This is one example of how the breakout aspect of my strategy works. We had a weekly close above the monthly range (rectangle) and have now drifted back into the range. Despite the recent selling, the stock remains above the weekly low pivot at 311 meaning my bias is to the upside. If the stock can turn upward with some positive rate of change, it would be a great entry for potentially a larger breakout.