Eben@CANSLIM ResearchPOET is holding above a rising 30-week moving average, confirming a Stage 2 advancing trend despite a sharp pullback from highs. The market is focused on a 13-week deep base with 69% depth, which historically carries an elevated failure rate, and the stock has yet to form a proper handle or breakout. Overall sentiment is constructive but cautious, as the setup lacks confirmation and the price remains 56.7% below its 52-week high.
Technical Analysis
As of 2026-08-13 · Close $8.91
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 1.03%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 69.0%, length 13 weeks, pivot $20.57. Base formed from 2026-05-14 (left-side high) to 2026-08-13, with the low of $6.37 set on 2026-07-29
- Bull Flag after a 20.6% run, currently 0.0% off the flag high
⚠️ Faulty cup warning: the base is 69.0% 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.
Subscribe to continue reading
Become a paid subscriber to get access to the rest of this post and other exclusive content.
