VUL CHART, page-3

Hi Vulcaners
A bit unsettling seeing the stock drifting recently in an extremely supportive macro setting so I decided to revisit the chart in real time - not with the comfort of 20:20 hindsight - and to see what it was saying. I now post a heavily annotated (by me) chart showing what it's telling me right now. I hope I'm right - it's suggesting support around these levels and a turnaround soon.

Chart with Stockcharts.com pointers to apply

To help you decide if the conclusions are well-based I've put on the LHS in yellow a number of references from the highly-regarded Stockcharts.com dealing with "Flags" since I think that's what the current formation has become. You can look at what's happened with Vulcan compared to what the gurus say generically. The fonts are small etc. but it's easier to track the logic putting it right there on the chart.

Pretty clear Flag?
BTW I thought last week's action was looking like a 'Continuation Rectangle' but with a few weakish days since then, I think a Flag (aka. in the opposite direction of the current upward trend) is now the correct call. I think the logic is pretty compelling.

Continuation Pattern before further rise
Either way, it doesn't matter; both are continuation patterns, essentially meaning a consolidation before continuing the move up. The crucial point to understand is that the upward trend remains intact IMO, although on this chart I've drawn this a bit less steeply than last time. Each to his/her own - but I hope it's helpful.