EXTR Waning Recovery Bounce
EXTR got hammered on rough forward-looking guidance in their last earnings. After dropping 18% the stock has rallied seemingly on no new developments, actually, the most recent change is there has been (unsurprisingly) litigation opened for the loss.
tradingview.com/news/reuters.com,2024-09-18:newsml_NFCbpwH4L:0-shareholder-alert-faruqi-faruqi-llp-investigates-claims-on-behalf-of-investors-of-extreme-networks/
I'm looking for a sign this rally is failing and I'm focusing on a simple RSI divergence. If the price peak generates a peak in the RSI below the previous peak, I'll be short.
tradingview.com/news/reuters.com,2024-09-18:newsml_NFCbpwH4L:0-shareholder-alert-faruqi-faruqi-llp-investigates-claims-on-behalf-of-investors-of-extreme-networks/
I'm looking for a sign this rally is failing and I'm focusing on a simple RSI divergence. If the price peak generates a peak in the RSI below the previous peak, I'll be short.
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