RE: 1 year since the big move upwards16 Jul 2021 12:44
Whilst I'd welcome positive news next Tuesday, charting doesn't work like that. If you are looking at an annual chart, the smallest timeframe would be a year. BTW my charts only give me up to monthly views :-)
But you did get me looking and counting the weekly bars. The pattern so far has been:
13/1/2020 to the high 14/4/2020 - 13 weeks (a Fibonacci number)
8/6/2020 to the high 17/8/2020 - 11 weeks (another Fibonacci number)
7/12/2020 to the high 15/2/2021 - 11 weeks
So if this pattern does continue, taking the low at 17/5/2021, this is week 9, then we could expect price to reach the next high within 2 weeks (11 weeks) or 4 weeks (13 weeks).
Those who dislike 'chart talk' please keep you knickers on. This is all in good fun.
You are right, this share IS news driven.