+155% off the February low ($2.78 → $7.10). Now the first pullback: −16% from the $8.44 high, holding the 20-day. Digestion or distribution — the tape decides, not the story.

Watch: above $8.45 (new 52-week high) · dead under $5.56 (50-day).

Tape: desk summaries, Jul 8 close.