ITS overbought across all time frames
Low volume push up for past 11 trading days
Heavy divergence since December (although it broke out of it)
Heavy resistance at 412.
Inflation talk (today?)
Everything is pointing down to support at 395, then to 385 which is years long resistance line that will serve as support.
Last earning (good) were a selloff for TECH.
SO , we can get another candle up braking resistance, I would consider it as a fake out.
Low volume push up for past 11 trading days
Heavy divergence since December (although it broke out of it)
Heavy resistance at 412.
Inflation talk (today?)
Everything is pointing down to support at 395, then to 385 which is years long resistance line that will serve as support.
Last earning (good) were a selloff for TECH.
SO , we can get another candle up braking resistance, I would consider it as a fake out.