One thing to note about charting is that there are a lot of...

One thing to note about charting is that there are a lot of factors to consider. In the case of IHL, SP declines are on low selling volume - call that technically a "corrective" movement against an "impulsive" trend. I think the sentiment is overwhelmingly positive, and knowing many large IHL holders - this is unanimous. But in a low liquidity market, it can just take one seller - who may sell for any number of reasons to pip a stock down. We could equally find a buyer who wants to buy a few hundred thousand shares this afternoon and then the charts would look different.

TA isn't a crystal ball that will be accurate every day given these dynamics, but the cyclic nature of the trading suggests to me that the weight of holders are sitting back comfortably and some rats and mice coming out. All stocks need to go through a "cycle'. Lower volume elongated and flattening consolidation patterns show bulls are happy holders.