Eben@CANSLIM ResearchFORM is trading at $131.60, holding above a rising 30-week moving average within a Stage 2 uptrend, with 7 of 8 trend-template checks passing. However, the current base is a deep 47.8% correction over just 7 weeks, a pattern with an elevated failure rate, and no VCP or breakout has been confirmed. The overall sentiment is constructive but cautious, as the market awaits a proper pivot above $159.93 to signal a fresh advance.
Technical Analysis
As of 2026-08-14 · Close $131.6
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 7.68%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 47.8%, length 7 weeks, pivot $159.93. Base formed from 2026-06-30 (left-side high) to 2026-08-14, with the low of $83.45 set on 2026-07-29
- Power Play candidate (strong momentum, watching for a tight flag to form)
⚠️ Faulty cup warning: the base is 47.8% 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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