The initial trend between Line A and B formed a . However it broke and the price took support around 233 (Low of 226), before again jumping into the channel. Although the channel seems to have played but lower support(Line B) continues to be intact.
The crossover seems to be happening soon which will put PA back into the channel. Since the is already broken this might lead to new highs. The upper resistance line (Line A) can act as short term resistance.
How this scenario plays out will be interesting as this sideways movement has not given adhered to any support or . However a break above seems imminent.
Conversely, If the support of 233 is broken convincingly, we might see 217 and then 200. before moving up.