Eben@CANSLIM ResearchFabrinet (FN) is trading at $570.22, maintaining a Stage 2 advancing trend with price above its rising 30-week moving average. The market is focused on a deep base pattern, showing a 44.5% depth over 13 weeks, which carries an elevated failure rate and is flagged as faulty. Overall sentiment remains constructive, but traders await a confirmed breakout above the $746.47 pivot.
Technical Analysis
As of 2026-08-14 · Close $570.22
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 0.88%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 44.5%, length 13 weeks, pivot $746.47. Base formed from 2026-05-14 (left-side high) to 2026-08-14, with the low of $414.5 set on 2026-07-29
- Bull Flag after a 22.2% run, currently 0.3% off the flag high
⚠️ Faulty cup warning: the base is 44.5% 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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