I have no idea so I am no help - I concluded long ago that chart...

I have no idea so I am no help - I concluded long ago that chart reading for predictive analysis was akin to palm reading. There may be some merit to it, in that it's a reflection of entrenched algorithmic or other automated buying and selling, but without factoring in the news and market conditions, pure technical chart analysis can't be anything more than pseudoscience.

I'm happy to eat humble pie and concede I was wrong if there is evidence to the contrary - but if there is any such evidence it's eluded my attempts to reveal it thus far.

I've seen others remark the recent push past $80USD was a turning point, and came across a chart posted on StockTwats (I can't say the real name or it gets auto redacted) that made it clear to me why a lot of people got excited about SQ reaching this price:




The inference here is that we are about to see a significant rise in price like we saw between 2020 and last 2021 - because the pattern looks similar and symmetrical now as what it did before the last surge - which is poppycock.

I'm not saying it won't see price gains, but I'm saying the lines on a graph being pleasing to the eye is not what determines a share price - but that is exactly a lot of these chartists believe.