Eben@CANSLIM ResearchLITE is holding above a rising 30-week moving average in a Stage 2 advance, with seven of eight trend-template checks passing and price 713% above its 52-week low. However, the current 13-week base is a deep 42.8% correction, a pattern with an elevated failure rate, and no VCP contraction sequence has formed. Sentiment is constructive but awaiting a confirmed breakout above the 1053.09 pivot, with the stock currently 11.5% off its high.
Technical Analysis
As of 2026-08-12 · Close $932.47
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 10.65%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 42.8%, length 13 weeks, pivot $1053.09. Base formed from 2026-05-11 (left-side high) to 2026-08-12, with the low of $602.35 set on 2026-07-29
⚠️ Faulty cup warning: the base is 42.8% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.
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