Today's low (261) was a test of the June 1 low of 253. Although we didn't get a key reversal, I believe this is a shakeout before TLD ( Aug-Sep) provided today's dip was not due to financing. Regardless, after a 100% run up, the stock is still in a consolidating pattern. I would buy this dip as its likely the last before TLD.
On a weekly basis, the price bounced off the 200WMA with the 50WMA heading up for a golden cross. That may happen on TLD IMO.
I think he did chart analysis for fun. I read his chart analysis since 1-2 years ago, never really right every single time. So I just use it as reference.