In my opinion, your trend lower trend line is inaccurate. You fail to take into consideration all the trading down lower. Your chart is too long in looking at where things are. Three months would be more practicle at the longest for accuracy. What happened llast year and past is not the same as last three months based on the info we have about this company and the environment they are now in. Make a tremd line channel with 90 days instead and look at that. What really matters is the last 90 days. For now trading, even 10 or 20 days is better to see