This thing has been on a descend for awhile now. I think we found a bottom for the daily range. *Not Weekly*. Past performance when checking out the 4hr chart shows a very similar setup. The area has been highlighted to make your life easier. Just scroll back. It has got a lot of steam on the 4hr - Daily range. All looks well but then again, this is the market. Trade with caution.
*Note: Chikou Span is caught in price. This is not a breakout. Things could become very choppy.*