Eben@CANSLIM ResearchSITM is trading at 635.66 in a Stage 2 advancing phase, holding above a rising 30-week moving average with a 7.68% slope over the past six weeks and passing 6 of 8 trend template checks. The market focus is on a deep 48.7% base that has been forming for 17 weeks, flagged as faulty with an elevated failure rate and a distant pivot at 901.48, while no VCP contraction or volume dry-up has appeared yet. Sentiment reads constructive but unconfirmed, with price still 29.5% off its 52-week high and a power play candidate setup emerging after a recent 16.5% run and a shallow 3.4% pullback.
Technical Analysis
As of 2026-09-11 · Close $635.66
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 48.7%, length 17 weeks, pivot $901.48. Base formed from 2026-05-11 (left-side high) to 2026-09-11, with the low of $462.16 set on 2026-07-29
- Power Play candidate (strong momentum, watching for a tight flag to form)
⚠️ 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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