For the week in review, the weekly chart reveals a third...

For the week in review, the weekly chart reveals a third consecutive fall, and no upper shadow for the first time since late April. The last time that pattern occurred, it was followed by weekly gains (spurred on by acquisition news):


Having said this, no-one seems to have news on when the next acquisition will be.

The daily chart shows that 5 consecutive daily falls were met with a decisive 10% bounce on Friday. Notwithstanding, the daily prices are living under the 30-day moving average (blue line):


I don't know if there is some other name for it, but I'm going to call $1.19 the "Bowen line" (i.e. his big purchase on June 14th, which was at $1.188, according to Market Index). I think of this as a line based on sentiment rather than technical analysis. When plotting it on an hourly chart, this "benchmark" was breached 5 times, but could be somewhat of an (hourly) support on sentimental grounds:


UWL also breached its bottom Bollinger Band - for possibly the first time on Wednesday - but is now sitting on it, just like it did last Tuesday afternoon: