I mean... it's gotta cool off sometime right? Divergence on the RSI is clear now. I'm looking for a pull back to about the $850 level. Confirmation during this similar situation in late Sept/early Oct came with a break of the RSI downtrend line. Overall bullish as Revenue accelerates and Gross stays in the 80% territory.
Note
Ok, downtrend has begun. Not a true inverted hammer, but certainly a bearish candle with volume. Now I want to see what happens at $850, if it goes that far. If so, I'll be waiting.
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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.