- at the top of trading channel started since Feb 2020
- over bought reading on
- both and shows very clear divergence high
Starting building a position as it hits the top of the channel and scale in as it moves down. Impulsive break of the should move it down to the support at $161. Reaction will be likely, consolidation or a minor bounce. Then, if it gets taken down, then moving down to the bottom of the channel which intersects with $145.80 horizontal support. If that breaks, it's going way lower since $110 and $131 area are pretty thin so the move will be probably pretty swift.