This is personal opinion not a recommendation nor a signal, disclaimer on.
There is negative divergence between the price and RSI indicator. However this divergence doesn't confirmed yet, the confirmation came from violation of the current bull trendline. There is 2 Scenario that would likely to happen if the analysis correct. Its either a trendline breakout into previous swing low level in 5200, or it can make head n shoulder pattern since there is positive sentiment for this automotive industry.
There is negative divergence between the price and RSI indicator. However this divergence doesn't confirmed yet, the confirmation came from violation of the current bull trendline. There is 2 Scenario that would likely to happen if the analysis correct. Its either a trendline breakout into previous swing low level in 5200, or it can make head n shoulder pattern since there is positive sentiment for this automotive industry.
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