What you have drawn is not a valid trend line - there's a 5 rules you need to tick off to confirm a TL...one important one being that it needs to hit 3 peaks within a 2% range, which yours does not.
Based on the 5 rules, you can actually start your TL at the high at the end of 2017 - it then gets steeper from the high in 2019 down to the low in 2022 where it rises above the TL. I'd suggest you then look at a weekly chart from the high at the end of 2022 down to that most recent low.
I've done that analysis already and, yes, you can ascertain a break of the medium term down trend from 2024 onwards.
There is also what looks like an Elliot Wave Wave 1 & 2 pattern both on the long term view (W1 from end of 2015 to end of 2017, and W2 from there to mid 2022) and the medium term view - looks like subwaves 1 & 2 from Mid 2022 to end of 2023, which implies we are currently in subwave 3 of the longer term Wave 3 - that's very positive.
Note also tho that there is some VERY strong resistance levels at the $1.55-$1.65 range so I would expect it to move up to that point before retracing.
Hope that helps.
PRN Price at posting:
$1.41 Sentiment: Buy Disclosure: Held
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