You are obviously correct about the three month chart looking bullish. I was referring to what percentage past chart patterns head with what I see here. About 75% of patterns like this will go down and 25% will go up. I don't bet stocks on chart percentages, but I do like to look at charts in that manner rather than a charts formations determining traditional chart buy and sell signals. This is based on one computer charting program which calculates what the direction probability is which based on many of the same past behavioural chart patterns for many stocks, on any given stock (in this case NVLX), and not most charting techniques which are based on current patterns, whether they be, hourly, daily, monthly, yearly or longer chart patterns. The program that I refer to is called Hotstock (hotstock.com). As far as I am concerned I would not make a bet on what it tells me, but it is fairly accurate and the creator is honest enough to state upfront that it will not determine the stocks performance well into the future. I really only look at charts, and do not trade by them. I know this flies in the face of charting purists, but it is only the way I now prefer looking at charts. The day chart which I take no stock in (figuratively and actually) is also bearish looking at patterns. In my opinion the stock is, or more accurately, will be bullish. So we are on the same page. If I am really going to look at charts closely, what did I see on the NVLX chart last Friday? Profit-takers bringing the stock price down (not a bad short term strategy in this case) after bullish news brought the stock up. I could be wrong, but I don't think so. Sorry for the misunderstanding. I should have clarified.
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