The yellow range is a weekly and daily resistance and stock has reached the the resistance levels, now is the time to actively watch the price action near this range.
Important thing to note here is that when the prices are making higher high , higher low, rsi was almost flat.
One more observation here is that in the start of rally, swings were not overlapping and now the swings started overlapping which is a concern and the momentum seems to fading away.
Important thing to note here is that when the prices are making higher high , higher low, rsi was almost flat.
One more observation here is that in the start of rally, swings were not overlapping and now the swings started overlapping which is a concern and the momentum seems to fading away.