[Short explanation: large number of investors are betting on all kinds of outcomes based on available news (such as PacBio Mini?), and the above ratio charts are condensed versions of their expectations over the last two years. As it appears, those investors are at a crossroad. If the chart breaks above triangle, long noisy reads have better ‘expected’ future. (Edit. added linear scale chart, which is more appropriate for ratios).
Also note that we made our calls exactly two years back -