It will still correct significantly over the next few weeks or months.
•
11
••
11
•@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.
The stock has also already formed a minor peak on the lower time frame.
•
11
•
@jkb92 Are you familiar with momentum?
••
@Smudeo Yeah, sure, things are on a downward trend right now 😁
Let's talk in a few months.
Let's talk in a few months.
••
@Smudeo That aside, you can see with Chips that even the strongest momentum is finite.
••