Main Trend Line: At 8 Dec 2017, 18 Dec 2017, reaction lows formed the beginning of the main trend line . Subsequent lows in 03 January 2018, and 10 January 2018 confirmed the main trend line .
Channel Line: Once the main trend line was in place, the channel line beginning from the 11 Dec 2017 high was drawn. A visual assessment reveals that these trend lines look parallel. More precise analysts may want to test the slope of each line, but a visual inspection is usually enough to ensure the “essence” of the pattern.
Bullish Price Channel: Subsequent touches along the main trend line offered good buying opportunities in mid- 18 Dec 2017, late May and mid-August.
The stock did not reach channel line resistance until 22 Dec 2017 and 26 Dec 2017 (red arrow) and this marked a significant reaction high.
*If channel line resistance break with an acceleration above marked (blue arrow). Then Some analysts might consider the stock overextended after this move
Strong Fundamentals : (Fundamental Medium Term Target 800) (Fundamental Long Term Target 1000)
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