RSI Bearish divergence + Insider selling + Overbought conditions

The presence of RSI bearish divergence (on the Weekly and Daily timeframes), underscored by price making higher highs while RSI makes lower highs, coupled with insider selling totaling 2,818,600 USD by the CEO on the 2nd of February, indicates potential weakness in the stock's momentum.
Moreover, overextended prices on the weekly timeframe further bolster the case for a downward correction.
With these signals aligning, investors should remain vigilant for a potential retest of the 90 area in the next three months, presenting a strategic window for short positions.
Moreover, overextended prices on the weekly timeframe further bolster the case for a downward correction.
With these signals aligning, investors should remain vigilant for a potential retest of the 90 area in the next three months, presenting a strategic window for short positions.
Nota
9,239,311 USD worth of shares sold by insiders in the past week as the price increased.SEC reports:
sec.gov/Archives/edgar/data/75362/000122520824001503/xslF345X03/doc4.xml
sec.gov/Archives/edgar/data/75362/000122520824001386/xslF345X03/doc4.xml
sec.gov/Archives/edgar/data/75362/000122520824001385/xslF345X03/doc4.xml
sec.gov/Archives/edgar/data/75362/000122520824001358/xslF345X03/doc4.xml
sec.gov/Archives/edgar/data/75362/000122520824001222/xslF345X03/doc4.xml
sec.gov/Archives/edgar/data/75362/000122520824001221/xslF345X03/doc4.xml
sec.gov/Archives/edgar/data/75362/000122520824001503/xslF345X03/doc4.xml
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.