Nice looking chart here if it can break to the upside out of this channel once it hits the 0.618 Fib at $26.
The main concern is that this stock is only on the exchange since late 2019 so there has only been two main waves so far and the whole structure can still be an ABC count as shown too.
A break above the MA and the channel would have me leaning towards the bull case then and not the corrective wave.