You see a pronounced negative divergence as shown in magenta lines: the price makes a new high while MACD makes a lower high. A screaming sell?! But look at DMI. The ADX is a whopping 42.58, in other words, very strong trend! Last night was the earnings report and the price is now up 15.30% in pre-market trading!!
When ADX is greater than 25, the oscillators should basically take the back seat! Don't be fooled!
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