Earnings Beat/Up Rising Wedge/RSI Divergence.MSFT had an earnings number that was obviously well received.
Price is to over the top trendline of a bearish rising wedge. This does happen and time will tell if this goes down to break the bottom trendline of the wedge. A Rising wedge is not valid until tat bottom trendline is broken.
Price is at the 2.0 of the W pattern on a strong green candle.
Not overbought.
No recommendation.
RSI slopes down and price/candles are sloping up which creates a bearish divergence but this may keep going. It depends on just how crazy buyers get.
The wedge and the divergence will most likely correct.
Time will tell.