where are the chartists now, page-2

well,angry,I don't hold but here's a chart read.
From the Yearly there is a cup'n'handle pattern sorta,in the Picasso style.
This has a Lip 15.5,a Base 7ish so the theory of the handle being a one third1/3 retrace pulls out 12.5.

there's a band of recent support 11/12 but if it goes there,ya've lost the pattern[c'n'h].
IF cup etc then there's a Target of 24 IF 15.5 Breaks Convincingly.

Generally the Volume has swung higher recently and this tends to mitigate against c'n'h pattern being Text Book Formation in CVI's case.

Summary- it'll still be UpTrending even if it goes 11/12 and no lower but the range of some of it's days is daytrader territory and one Could see Massive Volume UP DAYS as opportunity to sell,especially if you get 12.5/15 in one day happening.
you could in those circumstances be looking at BlowOff Volume[aka d'siameseparrot signal!]

cheers,angry.
charting helps lay out the parameters for you to work within.