Breaks Multi-Year Resistance — 150% Upside Projection in Play

The Cheesecake Factory Inc. (NASDAQ: CAKE) has successfully broken out above a multi-year horizontal resistance near $60.00–$62.00, clearing a major supply zone that had capped price action since 2017. This marks the completion of a large-scale accumulation and basing structure that has been forming over several years.

The breakout is accompanied by increasing volume, a rising RSI approaching overbought levels (which is expected in early-stage breakouts), and a bullish MACD crossover. This combination suggests sustainable momentum and broad market participation.

The projected measured move target from this base formation points toward $141.80, representing a potential +151% upside from the breakout zone.

📈 Entry Trigger: Confirmed breakout and weekly close above $62.00
🎯 Target: $141.80
🔻 Stop-Loss (suggested): Below $56.00 (prior consolidation lows)
📊 Risk/Reward Estimate: ~1:7
🧱 Structure: Multi-year horizontal breakout, high-volume confirmation, strong momentum alignment (RSI + MACD)