If one looks at a 2 year chart its easy to argue it in an upward channel. Lows of 2, 4, 6
Look at an 18 month chart and it could be argued its in a downtrend
A 2023 chart would say trending sideways in a large channel.
4 month chart definitely downtrend.
1 week chart uptrend.
Key is to define if one is looking a longterm trend, intermediate, short term or day.
For me the positives are
1. high lows over 2 years.
2. Bouncing of long term trendline.
3. Large divergence in MACD for early entry.
4. High channel (100%) 6c to 12c
5. Male/Female double bottom
6. Risk/Reward. Multiple bags on good drilling vs gets smack on failure
whats not great is
1. money flow
2. No higher high
DYOR
Shalom
May Chart, page-11875
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