re: trendline broke? by fracpac The 1st major trendline bottom channel is @ $1.34.
The 2nd major trendline bottom channel is @$1.54
We are nowhere near either.
The only trendline broken is a line across 2 lower intermediate tops/peaks; the first was on Sept. 10($1.57) & the second was on Oct. 2 ($1.68) & then extrapolating that line past today's trade date AND yes the price does cross below/thru that line, but I doubt the significance, because these 2 intermediate peaks are sandwiched between 2 higher peaks. These 2 intermediate peaks have been superceded by a 11%+ rally to date.
Possibly profit taking after the recent run up. Don't forget we are only a NR away from a breakout.
I think (fracpac) that your system was using Technical indicators to say sell rather than a trendline violation.
ON THE OTHERHAND The technical indicators tell another story. Most (rsi, MACD, CCI, Stoch.) have peaked or have given a short term sell signal.
Until these indicators show oversold we could get to $1.60 I guess, but I doubt it.
carlos