Exactly wooger.
That downtrend line was initially established with the highs on 5/3 and 6/9. NEOM subsequently bounced down off that line on 7/14 with a high of .488 (actually didn't quite make it to the line that time, but close), on 8/1 with a high of .44, on 8/12 with a high of .398, and today that downtrend line sits at .3944, above where we are now.
The ascending uptrend line we came close to yesterday currently sits at .3589, yesterday it was at .3559.
Agree, BB's are tightening. Last time they tightened to about how they look now was early April (they were much tighter then), NEOM pushed the lower BB down for a couple of days (on that drop to my LOWEST trendline, the one that today sits a bit under .25) then the PPS took off upwards.
All IMHO
jonesie
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