Read Minervini's books on market leaders and you'll find this ticks pretty much every box. Throughout the market meltdown, this formed a consolidation(new base) on top of the old base, it bottomed nearly 2 weeks before the market, it's one of the first stocks pushing into new highs and fundamentally it's growing rapidly.
Nothing goes up in a straight line, from CSL down, they all have natural reactions along the way as profit takers/old baggies sell, it's the nature of the pull backs that tells you a lot about the underlying demand for the stock.
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