Depends where you consider the trend-line. (Not suggesting yours is wrong either it's definitely a trend).
Same chart different trend line.
View attachment 5306530Has 4 touches and not 2. I also think that the huge volume candle was actually a false break as oppose to a genuine trend change but we'll see which theorem holds up.
Additionally - i've seen other chartist preference using closing price only. I tend to find these have more value with low SOI shares which can often have a big spread and long intraday/intraweek candles.
It effectively omits those intra-price day swings. If anyone wants to view closing price, one can use a line chart instead of candles.
View attachment 5306536Again, the trend line i had drawn holds true in this instance. I also agree with your target line - one i had missed so i've added that.
View attachment 5306563Whilst some may argue the daily needs a breath - yep maybe - but the weekly is in the early stages of a stronger cycle. Weekly trends hold more weight than daily. A close above 26.5 this week or next would signal a break IMO.
Long will be aware of the news pipeline and when it's due, and what it means fundamentally for the company.
Your chart may hold true, but i think mine might as well.
SF2TH
