New TA/Charting, page-14177

Looking Good - the LIT Global X once again has added a quite a bit (US$ 1.15 or 2.71%) to its price overnight and the enthusiasm was confirmed by increased volume as well! Not only that, but IMCO it has broken out of the Trading Range with an SOS - Sign of Strength! Remember this is where a bit of a consolidation could happen. Where the CO - Composite Operator could do some testing of actual support, before they let price go for a Markup phase!

The LIT of late has demonstrated the importance and strength of channel and their centre lines. Probably an indication why I keep on using them, because they often also indicated demand and supply and with that possible resistance levels. If drawn correctly they even coincide with certain levels (centre lines) in indicators. IMCO they with that can confirm their correctness in where the chartist has placed them often well in advance - "It is to foresee what’s coming."
Sorry, for the indulgence on this point, but for a chartist the confirmation is showing that he/she is on the correct way!

Anyway here is the LIT chart ...