DingoBorat
Slim
Cheers FMFHi DB
Apols a bit late.
Hectic day & not had chance to jump on my charts but had a quick look at a basic one on my phone just now.
Just some simple thoughts, not advice as they say, as not looked at my usual indicators on my charts.
I would consider possible resist areas in the mid/upper 20s then low/mid 30s.
On the first chart for 2 mths, I don't suspect a traditional C&H as per my red markup as well as my earlier comment re primarily an uptrend pattern.
Can see on the SP moves what could be considered the left lip, the curve down for the the cup and then the rise to the right lip.
The thing that bothered me is generally the volume follows the same flow. High on the left, decreasing, bottoming then rising to the right lip. Volume has been up and down.
If you look at a slightly wider 3 Mth view on my second chart I see more like 2 ranging areas. Given these are occuring near a bottom of a downtrend I suspect more of a churn / accumulation imo. The same effect can happen at higher prices as distribution.
I also highlighted today's bar as if looking from a VSA (volume spread analysis) view then this bar is obviously bullish.
Though one bar doesn't make a trend.
That's not to say the SP may retest/pullback lower (creating a handle over a few days to follow a C&H pattern of sorts) given also the shorters desires but overall the price had a wider spread than recent bars and closed just off its high indicating buyers pushing.
This can also sometimes happen off an IPO or raise (like recently) if some who participated want to try for a quick say 15-30% flip. Give price a nudge, attract some retail to join in and then offload on the rise.
The volume comes from sellers (as they hold the shares obviously) but the supply didn't overwhelm the buyers, they kept pushing. If buyers are still present tomoz and continue we could see this as also a possible move to entice some shorts to close positions. I don't suspect (be happy if did) it to create a massive short squeeze but any buy backs would obviously assist the genuine buyers & the SP.
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Next few days, should/could be entertaining..
That Valeo patent you found, looks real interesting, from a layman's point of view anyway!..
Timeline of lodging fits in well and this part here especially

"G06N 3/049 Temporal neural networks, e.g. delay elements, oscillating neurons or pulsed inputs"
Is that basically saying TENNs??!
Can't wait, to see what Diogenese thinks!