ILMN, one of the healthcare stock that helps push ETF such as IBB, XLV & etc to ATH has this interesting observation.
Whenever the price makes higher highs while RSI makes lower lows, decent correction ensues.
And there you are, we are having another potential bearish RSI divergence again. I reckon there is still some room for upside before price hit the resistance of upper rising wedge around 200. Once shorted, my potential targets are ~133 and ~76.
Whenever the price makes higher highs while RSI makes lower lows, decent correction ensues.
And there you are, we are having another potential bearish RSI divergence again. I reckon there is still some room for upside before price hit the resistance of upper rising wedge around 200. Once shorted, my potential targets are ~133 and ~76.