LITE is approaching a technical breakout; closing above 977.60 could trigger a move to 1038, though significant resistance remains at 1087.

Specifically right here on LITE, notice we've got a declining trend line generated from May 12th connected over to this next major pivot on May 7th or on August 17th, and today price action pierced that range and have since now retreated back down to close the day basically right here on this declining trend line.

Now, so we haven't officially closed above, but we are on literally the warning track of closing above and generating another potential breakout for LITE.

Now, should we close above this trend line tomorrow, which is at 977 and 60 cents, be looking for a potential follow-through move with the next resistance at 1038, the 50% area of this parallel channel that has been containing price largely since October of 2025 lows that you see on the chart.

Interesting potential breakout scenario, but once we get through that 50, there's a lot of resistance to with double top near 1087 dollars. So, LITE still has its work cut out for it, but it literally is on the warning track of a breakout.