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...
You're pecfectly right Rruff! For example,fringe's CHDT stock went to .15 last week but in fact if you look more deeply intradayit was absolutely impossible to sell above .11 last august 28.