@Bavarianholder Some call it that; others call it technical analysis. Despite the decline since the end of May, the stock is still in overbought territory (RSI 73) on the highest time frame. In the short term, it could rise again, but in the medium term, there will be a major correction. You just have to look at how far it has moved away from its 200-week EMA.
The stock has also already formed a minor peak on the lower time frame.
