The stock looks across Daily, weekly & monthly time frame. Expect a swift move once price gets deeper into that ellipse highlighted in the chart.
I would not be surprised if the stock rushes to the middle line of the blue fork. The recent swing low at 100 would be the major support for the stock.
More than the lines, I prefer to give higher weightage to a breach of swing high or swing low. The lines of the pitchfork are just areas to facilitate or identify trade entries. Stops and trend negation happens only on a breach of swing high or swing low. 103 is the recent swing low in Weekly chart. For me, trend is bullish until we break this low.