$PTEN just punched through its descending resistance line that we flagged on Monday, and it's already riding 3% higher since the break. That's not just noise—it signals a real shift in market momentum.

Looking at it from a behavioral angle, this move tells us the sellers are losing their grip. The price action suggests we might be seeing a transition where buyer interest is starting to outweigh selling pressure. When an asset breaks above key resistance after consolidation, it often marks a psychological turning point in how traders are positioning themselves.

Worth keeping an eye on to see if this momentum holds or fades at the next level of resistance.