The stock that everyone is watching. Indicators on the 4hr are clearly showing the momentum has changed, I have attached a Hidden Divergence cheat sheet and if we look at the bottom left box, we can see that the RSI indication is showing lower lows, as the share price is achieving higher highs and higher lows.....this is an early indication that momentum is changing.
What I can say is that this will come down, there is no doubt and I rarely talk like this but it is incredibly obvious now.
When it comes down is the big question and when it does, where will it find support. This, we need to wait for and I know a lot of people are eager to buy when it does.
I personally would like to see it complete an ABC count and come crashing down so I can get it at new lows and in the buy zone.
But for now, logic tells me that it may have limited time left climbing and may start the pull back sooner, with the possibility of holding for Wave 2.