Delhi Planning Water Reuse on an Epic Scale says Fluence article, page-17

HNY also!
Stock splits are (most of the time) obvious on a chart as candles typically go from ranging big, to tiny ranging candles. But yes sometimes chartists can miss it although, a chartist would be silly not to know the basic fundamentals of a company and the latest news. (Chartists also try and avoid stocks with too high of SOI as there isn't as much demand for it - dilution like you were saying.)

Your right in saying FLC has had a good amount of shares issued over the past few years causing some volatility. But a solid and strong company should most of the time bounce back from cap raises, unless they are manipulated down or the company just isn't strong fundamentally. I don't know FLC's business history but on observation it sounds like contracts have been hard to get or something just hasn't made ends meet hence the cap raises. Although in light of the recent Egypt contract and other potential contracts to come, FLC may just have found a base/bottom around the 18.0 - 19.0 mark. I'm drifting into fundamentals now which isn't my strength but if FLC can become self sustaining without the need for another CR ever then that would be huge IMO. (feel free to correct me.) It would stop further dilution and make FLC fundamental strong IMO. A stock with strong fundamentals will always eventually win.

So to answer your question on how effective my trendline is - it shows me there's been something wrong fundamentally with the company over the years. There's plenty of companies I can name who have had big cap raises and have had short term volatility but have gone up strongly after that (IMU, TSO, WBT) - they are all fundamentally strong.

Every chartists is different in their rules - not everything works for everyone so you should figure out what works best for YOU
I'll only use open/close of a candle body and top & bottom of wicks to make my trendlines valid. If you see my previous post I use the open of a candle for the top touch of my trendline, than the top of two other wicks for the lower 2 touches. I'll do whatever I have to do just to get 3 touches even if the line goes through the middle of other candles. Here's another example: yellow arrows represent my touches

You can really make a trendline out of everything (so yeah not a perfect science) so I usually just look for the major ones. The above one is valid but I don't think you would have made much money from it. Oh and yes I agree with the more touches a trendline or channel has the stronger it is.

The other indicators I use are RSI (Relative Strength Index) and RVI (Relative Volatility Index). Quick and easy Youtube videos on them but I rarely use them as they are lagging indicators. I only use them as a reference if they go into overbought areas. Kind of like a red flag thing but not always major. I wouldn't base trades purely of these indicators but maybe a contributing indicator for a trade. Better indicators are EMA's (exponential moving average.) But again these are lagging and only use as a contributing factor to make a trade. Easy videos on them too and are the yellow and pink lines on my chart.

Just another tip: There's so much BS on youtube about TA so just be aware of that. A good place to start IMO is 'Demoniaco ASX' on YouTube. I think he's got some good tips but he might not be any good for you.

I hope this helps, cheers