ASM Chart Thread, page-4265

The Cup and Handle formation is now void because the handle dropped too far. It was a weird C&H anyway.
So now it looks like we might be forming a symmetrical triangle. It's not a perfect one but the top line could still be in the process of forming while closing the gap around $12.60. The question is which way will it break once this triangle is complete?
Even though there is an increase in the short position, there is plenty of buying happening off the screen so to speak, rather than placing orders in the queue. This suggests that accumulation is still happening. And why wouldn't it? However, I think we need something substantial to have this accumulation happening above the all time high. Hopefully we'll get that news in the not too distant future.




On the minute chart you can see the wild swing accumulation happening with a bias to the upside.