One of the important tasks in reviewing the chart of any stock is to be sure to look at multiple time frames. A noted member of StockTwits, Brian Shannon (twitter handle @alphatrends) covers this in great detail in his book.
Over the past several months, I have added several columns to my stalk list spreadsheet to include a ranking system based on the charts from different timeframes (daily, weekly, monthly, quarterly, & yearly). The more corelation I see, the higher the ranking I am going to give a stock - in terms of the increase in probability of the direction in the stock price movement. An example below for WEBM:
As you can see in the 2 charts above, a nice pennant has formed on both the Daily & Weekly charts. This helps to see a confirmation of a high probability for price to continue heading in to the apex of the pennant/triangle.
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