against a very strong bullish sentiment amid the ongoing pandemic which has no signs of stopping yet, does this double top formation on the daily timeframe will hold itself? Overbought RSI showing lower high compare to the first top in the price action chart.
Overbought RSI is irrelevant in this counter anymore. We all know legitimately, sentiments are controlling this counter for now and they make sense. Demand for gloves are increasing, US is worrying on the second wave of COVID, the world is. The fact that good news on Vaccine started circulating, but vaccine will definitely takes another half to a year to confirm safe for human consumption, also with the success of creating vaccine, gloves will be heavily in used in the process of injecting vaccines to patients. Don't think double-top is coming so soon. Correction might happen, but not after all the news on second wave and how Trump is wearing a mask. Just my thought.