Has developed an upper wick at it's trend line resistance (close to 'resistance level 3')
Currently extended relative by 10.3% versus it's 21-day EMA.
Prior extensions were 10.8% (09-November 2020) and 13.6% (13-May 2020).
7-period RSI is at the most overbought level in 8 months.
Pullback expected to below 'Resistance Level 2' or closer to it's 21-EMA
Currently extended relative by 10.3% versus it's 21-day EMA.
Prior extensions were 10.8% (09-November 2020) and 13.6% (13-May 2020).
7-period RSI is at the most overbought level in 8 months.
Pullback expected to below 'Resistance Level 2' or closer to it's 21-EMA
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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.