Bearish divergence in RSI

SQ is showing a noticeable bearish divergence in the RSI oscillator vs price after its latest spike post-earnings. May reach the $38 or even $36 resistance before going back up again (Square has a pretty solid product and R+D, although threatened after SHOP 's hardware venture into point-of-sale) or forming a head and shoulders pattern and inverting the year-long standing bullish trend.

Kommentera:

On the contrary, following news that Square may be integrating BTC, the value spiked and continued the bull run.

www.forbes.com/sites...uy-and-sell-bitcoin/