MIND Technology, 2000% return after decades of resistance?MIND Technology, Inc.BATS:MINDwithout_worriesSometimes a chart doesn’t need hype, just patience. MIND Technology has spent the better part of two decades in a long-term downtrend, trading within a clearly defined descending channel. Each test of the upper boundary has met firm rejection, most recently in 2011, 2018, and again through 2021–2023. The decline from its 2011 high was brutal, a near 98% drawdown that crushed all bullish sentiment. But what’s interesting now is where price action currently sits, pressing into the same resistance zone that defined the last decade of lower highs. The RSI tells the same story. The oscillator has mirrored price in a long-term falling structure, with every test of resistance aligning with cycle tops. RSI is now pressing against that same diagonal ceiling, following a resistance breakout. What’s Next The key level to watch is $10–$12, where long-term support turned resistance. Price action is now attempting to retest this zone from below, overlapping both horizontal resistance and the upper boundary of the channel. If price fails to close above this region, history suggests a repeat of past behaviour and rejection with a move back toward the midline or lower channel support. If, however, we see a monthly close and hold above $12, that would mark the first confirmed breakout of this 15-year downtrend, opening the door for a structural reversal. Should that breakout occur, the next major resistance doesn’t appear until $24–$26, a level corresponding to the 2018 high and Fibonacci extension of the current range. After that the moonshot to $250. Conclusions After nearly 15 years of lower highs, MIND Technology is facing its moment of truth. A clean breakout above $12 would confirm a long-term trend reversal and could ignite a multi-year recovery phase, but until that happens, the dominant trend remains bearish. The RSI resistance adds weight to caution; it’s not yet signalling breakout strength. Traders betting on upside here are betting on confirmation before it exists. In short: * Below $12 → still resistance, trend intact. * Above $12 → confirmation, potential start of a new cycle. Patience pays. Let the chart prove it. Ww =========================== Disclaimer This post is for educational purposes only and reflects personal market analysis and opinion, it is not financial advice. Always perform your own due diligence, understand your risk, and make trading or investment decisions based on your own research and strategy. Markets don’t reward predictions, they reward patience and confirmation.