WAT 0.48%  Waters corp, the Life Science & Diagnostics stock, is one of the best gainers in the SPX today, higher by 5% to$275.38 as of 3:15 EST- As can be seen on monthly charts going back 20 years, the entire consolidation from 2021 has proven to be minor and not indicative of a major change of trend- However, to verify a "change" of trend for the better, it's important that WAT make at least consecutive weekly closes back up above$300 which would exceed the downtrend over the last two years- In this case, that would be convincing that the stock had put in a trading low for this year & could trend back to new high territory- As can be seen WAT has a stellar long-term trend despite the churning over the last two years. Volume today, despite its 5% rise, is less than normal and WAT lies right by its declining 200-day m.a.- therefore, more needs to happen to indicate a change of trend. On any pullback into December, 231.90 will need to hold, which signifies meaningful downside support. Bottom line, there will be reasons for optimism once this can reclaim$300. At present, this rise is encouraging but more needs to happen technically to have more faith