shows a negative divergence, while the stock is making a multiple top pattern, is showing a lower level and negative histogram values. On the other hand, has left the Overbought level and it’s heading down. The move it has during this month has made the not to descend too fast.
The Earning Report is going to define where it is heading, if a continuation to the upside or a break to the downside with the possibility of piercing the channel and ending the uptrend. Watch for the $600 level, in the meantime what we can expect is between 580 and 600.
I won’t be trading this pattern until after the ER defines the new direction of this stock.