Hi Rx7dk, I understand what you are seeing & why, but I am a...

Hi Rx7dk, I understand what you are seeing & why, but I am a little concerned that you are just slapping the "accumulation" tag on those wiggles, without more closely analysing the chart to be sure of what it might look like accumulation from a distance. Yes, from a distance the chart looks a bit like an accumulation zone, but further scruiteny and a comparison to the POO does not show up much 'obvious' buying/accumulation/support until much later on the chart.

I made a quick little chart using the weekly, to help show what I am saying.
I can't see any serious accumulation until late June - early August this year (arrowed), prior to that I can't see anything really obvious that I can hang my hat on (that is not to say there isn't any there at all, it's just that it is not obvious, and would only be a guess to say it was there).

Not having a go........
Just wanting you to look carefully at what the chart is saying about itself, and not to jump to any conclusions too quickly.
that said, yes it does appear that price is making an attempt to breakout, however there are a series of older breakdown lines not far above the current price which will also need to be negotiated if price is to continue the breakout.




cheers