3M chart = higher highs, higher lows No technical analysis here. Simply a perception of the eye.
Look at the 3M chart. It's striking; higher highs, higher lows. Too obvious.
https://stockhouse.com/companies/quote?symbol=v.tlt
Then put this 3M period into perspectives within the 1y chart and it gives the impression of the beginning of the basis of an exponential curve in the making that could become a reality upon a positive FDA Breakthrough Therapy decision in few weeks.
Then put this 3M period into perspectives within the 5y chart and you'll perceive that we've never had such 3M pattern building gradually like this, of this length.
It smells a discrete but gradual strength in the share price and it fits the positioning ahead a pivotal event/decision. Chances are good that this trend accelerated a bit more.
Time will tell though. But it happens that the BARCHART Opinion is supporting such observation as the sentiment moved from 32% Sell 1 month ago, to HOLD 1 week ago, tu o 8% BUY yesterday. I expect that it will turn into a 100% BUY signal in few weeks.
https://www.barchart.com/stocks/quotes/TLT.VN/opinion
It also fit the positive change from Stockhouse Moderate Sell to Moderate Buy Buy that 99942Apophis raised today.
These technical indicator don't guarantee anything. They reflect trends, based on data. And data can change one direction anytime on events.