CAKE has had an incredible week, increasing by nearly 100%. The bulls snatched up low prices of $23. Since the low, the price has been steadily ascending, with a peak near $44 in the ascending channel. CAKE must break and hold main resistance of $43.7 in order to continue its uptrend to a new ATH. CAKE will fall to the $39 level if it breaks below the bottom trend line of its ascending price channel.