The share price is way overdone, and we observe a "negative divergence", i.e. we have higher HIGH on price action and lower HIGH RSI. This is one that usually works out well. The RSI as stated is high and shows we should see proper correction.
Strategy SELL @ $ 250-275 and take profit @ 135 for now. SL place it somewhere above $ 295
Strategy SELL @ $ 250-275 and take profit @ 135 for now. SL place it somewhere above $ 295
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.