Eben@CANSLIM ResearchPOET is trading at $9.58, holding above a rising 30-week moving average within a Stage 2 advancing trend. The stock has formed a 13-week deep base with a 69% depth, flagged as faulty due to an elevated failure rate, while no VCP or bullish flag pattern has emerged. Market sentiment is constructive but cautious, awaiting a confirmed breakout above the $20.57 pivot as the stock remains 53% off its high.
Technical Analysis
As of 2026-08-14 · Close $9.58
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 1.3%)
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 2026-08-14, with the low of $6.37 set on 2026-07-29
- Power Play candidate (strong momentum, watching for a tight flag to form)
⚠️ 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.
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