Yes all relative to the individual chart - but you have to understand and factor in company developments.
Company buying shares - therefore has control of pps bc they said they arent releasing revenues until buyback is over bc they know revenues will send price higher.
Dividends coming next week - no one is selling bc everyone is waiting to see if they in fact does happen. When it does happen price goes higher bc the company will gain the good faith reputation and will have followed through on everything to date.
Share Structure - In February the share structure was MUCH different then it is today. Company is on their way to a 500,000,000 OS. When this shows up on filings then this also sends price higher.
We know all of the above is happening, so there is no reason to sell... it will be a domino affect, when one of the 3 is complete, the next will follow and the last will come to completion, thus bumping the price, possibly, 10 fold.
Your analysis of the chart is correct to a point... I would agree with you if none of the above was/is/had occured, but the fact is that this is happening and the price is going higher
MACD is still green, RSI is still comfortable, A/D is still climbing, TRIX is green and trending north.... too much happening right now for people to sell
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