the stock retested the trendline which is todays high on the weekly chart on the right.
RSI - every rise in the stock could not push the RSI above the bear zone. It was telling us that all is still not hunky dory with the stock. Now the RSI is also below its averages and this is telling me this stock will correct majorly again.
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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.