Great post Tradingformils. IHL has been running very well...

Great post Tradingformils. IHL has been running very well largely to rerates and when the SP goes sideways a bit (which pretty much all stocks do - even the very strong ones) then the trend line catches up with it and weak hands think the stock is in trouble.

If you look at Afterpay, (APT) it did a similar thing - it just means that a stock has to rest a bit and chart lines will catch up with it. Afterpay has continued into blue sky by the way.... Paincheck (PCK) another example - it "rounded off" as consolidation is a horizontal fractal phenomena and trend lines angle up (or down). Memphasys (MEM) as well. Just to make the TA point. All of these are on track - but you can see the shakeout points clearly on any chart.

If there is bad news and you see a break on heavy volume then yes, better be vigilant. But what we are seeing here IMO is low volume, and in fact we have had great news over the last week or so. (well the last few months really). When the market slows - macro concerns etc... or the stock consolidates then we get these fractals occurring naturally due to geometry.

Of course it is a good buying opportunity for many.