SHELL in Distribution Phase?

SHELL Weekly Chart

SHELL has had a good run rising from its bottom at 9.391 to a potential top at 29.435. However, it has been running out of steam since Jun 22 making false breakouts and failing to close with higher highs. It now appears to be entering a distribution phase after breaking below its uptrend line on relatively heavy volume the previous week and failing to hold above its support line at 25.70 ending this week below it. Next support is at 24.17.

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