It helps to look at charts for horizontal demand and supply zones. UNP is currently breaking out on a base on base, cleaner than this example.
%% I LIKE those NTAP bases much better in 1999 than 2022\even though bases tend to be way too much subjective for me. And when 1st quarter is almost all over in 2022\NTAP cant even beat its benchmark/QQQ. UNP = better if one does single stocks or SSO....... are doing better this quarter. TQQQ also/ but its much wilder trend. SO REALLY, dont worry about something as subjective as bases/ he's got good buy point end of year + looks much more buy points around MARCH bottom/50 day moving average QQQ more than NTAP, year to date ............