That is one way to look at it. I tend to focus on how the stock traded between 2 and 3 and how the indicators where then and now it is trading essentially between 7 and 8 on higher volume and how the indicators are converging now. I have my own theory about technicals being set for the fundamentals that are coming. Much upside room once they hit. Just like the run to 5 before it based between 2 and 3 and now 15 and the base betwen 7 and 8 are short term stepping stones...ratio of peak to base is pretty much the same as well...