Cyclo Therapeutics Inc (CYTH)

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everything depends on your time frame on how you classify things. If you commit capital based on daily charts, it's a break out since it closed above the range. If it went above the range but back into the range all within the same day, it's a failed break out. If it stays above the range for multiple days, but then later falls back into the range on a following day, it's a breakout with no follow through.

How you treat things now is dependent on your risk appetite. If you are just committing capital based on technicals, to enter/add tomorrow is a solid move, but there is no follow through yet, so to manage risk you need to adjust your share size accordingly. If there is follow through, where the next several days we pause here and then have another energy candle to the upside, the next pause is where you can confidently enter with large share size since the stock has followed through and has proven itself to be strong and you will have chart points established which will allow you to manage risk easily, meaning you won't just be entering in the middle of nowhere and where you should get out is obvious.

Given the small down side though at this point, and the positive fundamentals surrounding CTDH, while coupled with news that has a specific time frame attached to it, you can give the stock a little more breathing room to let the scenario play out.