short term trading week starting - 29th jul, page-29

Hi BrookeCE, regarding LYC, I am also looking at taking a position in LYC but due to the actions in the market today, I decided not to mainly because today's action resulted in a break of the short term uptrend

Note that this chart does not show today's data but from the chart itself, it seems that LYC will be fairly weak in the short term.

Also, the upper yellow trend line represents the long term downtrend as seen below, which i believe will be tested fairly soon.

I am a novice at TA and would love to get some criticism from some of the more experienced members