Huge divergence on the weekly chart
Updated
Hey, as you can see there is a huge divergence on the weekly chart. RSI has been going down while the chart continues up and now is at an all time high, I would be extremely careful if taking a long position and RSI has reached an overbought rating at 74 on the daily . I'll let the chart speak it self and go into a short position in the near future.
Disclaimer:
this is not trading advice, just opinion.
Disclaimer:
this is not trading advice, just opinion.
Comment
The Idea is no longer active, as Cherry as been accquired by EE Intressenter
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