TheTechnology Indexis currently in theoverbought rangeon the dailyRSI, signaling a potential pullback soon. Additionally,Nasdaqhas started retreating from its peak, which could influence tech stocks globally.
Caution Ahead: Some tech stocks might beoverbought, making this a good time to considertaking profits.
📊For example:
1️⃣Frontken:
–RSI Divergencespotted
–Volume-Price Analysis:Price surged significantly, but trading volume remained low — a potential warning sign.
Trading Tip:Be prepared for a potentialpullback. Managing risk and securing profits can be wise in such market conditions.