Eben@CANSLIM ResearchSITM is holding above a rising 30-week moving average within a Stage 2 uptrend, though the current base is a deep 48.7% correction — a pattern with an elevated failure rate. The market is focused on the recent bull flag formation, with a 30.7% run and a shallow 1.8% pullback, suggesting potential continuation. Overall sentiment is constructive, but confirmation is needed as the stock sits 21% below its pivot of 901.48.
Technical Analysis
As of 2026-08-14 · Close $711.91
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 8.41%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 48.7%, length 13 weeks, pivot $901.48. Base formed from 2026-05-11 (left-side high) to 2026-08-14, with the low of $462.16 set on 2026-07-29
- Power Play candidate (strong momentum, watching for a tight flag to form)
- Bull Flag after a 30.7% run, currently 1.8% off the flag high
⚠️ Faulty cup warning: the base is 48.7% 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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