chartwatch

This is one way of charting a stock that is following a prolonged trend with little in the way of high amplitude swings.

1. Connect the ends of the penultimate major swing (AB)
2. Bisect AB (C) and extend a line CD from this midpoint through the most prominent minor pivot within the current trending pattern.
3. Construct lines from AB at relevant Fibonacci level intersections and run them parallel to line CD

You can see that this defines the upper and lower limits of the current trend quite well. A break downwards through line EF would cause me some concern, and a break downwards through CD suggests an intermediate target of less than 5 cents. Otoh, a decisive break upwards through the upper median line would be good news imo.

jmo dyor