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 . 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.