SANM-Monthly Chart: Early Stage Flat Base

SANM appears its forming a flat base at the moment. It also looks like it may be trying to form an inverted head and shoulders. The neckline of the head and shoulders should be around 15.96. This is the high of the bar on September 01, 2008. If the trendline drawn from 2005-2010 is penetrated, SANM can form an early stage base-on-base pattern. This will allow for it to build more bases similar to its lead-in phase during '94 through '98.