The news flow remains constructive on the fundamental side, but the price reaction shows that the market has already discounted it quickly and is not extending higher. Daily and weekly data indicate a cool-down phase after the strong move in early May, with the stock now trading below the recent swing high around 12.6. In today’s intraday tape, there was an early attempt to recover toward 12.19, yet the day ended with fading volume and a flat close around 12.16, which points to weakening momentum. The key signal sits in the order book: there is a dense sell wall from 12.27 to 12.36 that caps upside progress, even though the bid side is also well supported from 12.13 to 12.22. That means downside is being defended, but the higher layer of supply is currently the stronger force, so upward velocity is fragile. Yesterday’s late-session trading showed heavy volume inside a very narrow range, which is more consistent with inventory balancing than with a directional breakout. Overall, the medium-term trend is not broken, but the dominant short-term regime is compression with overhead supply and limited momentum.