Negative divergence between Price and RSI. The stock has touched the top of the trend line about 6 times but was unable to cross it. Today it tried a break out but was pushed to the lower end of the channel, with above average volumes. Today it also formed a Bearish Engulfing candle.
Target 1035 and SL is at 1115.
This is a personal view and the sharing is only ...
RSI has been on a downtrend while the price looks to make a triple top. Suggesting a short with a Stop Loss of 1230 for a target of 1100
I am not a certified Advisor, hence please do your own research. This is only an observation and not any advice