The charts show what is happening given the CURRENT situation.
What charts cannot show is impact of events that makes the data interesting, but not a viable predictor of FUTURE PPS behavior.
For example, this is the holiday season.
People on vacations, people traveling, people spending time with family versus on line, plus lot's of folks overspent for the holidays and have no spare cash for stocks right now.
Once the holidays are over, payday(s) hit, and people get back to their normal lives and news of this stock merger spreads, both volume and PPS will rapidly increase - regardless of chart predictions.
News will flow in January. More people who are unware of the binding LOI will learn what is going on with this private company going public and many will want in.
Your future charts will EVENTUALLY show this. But right now seasonal events make any future predictions unreliable.
Comment?