Impressive move on $SMCI today, up over 15%. However, looking at the daily RSI, I'm seeing some bearish divergence with price making higher highs and RSI making lower highs. Has anyone else noticed this? Could be a sign of exhaustion despite the strong print.
Could it just be unwinding from overbought? RSI was pretty extended before this. A little divergence might be natural as it tries to normalize while price continues to trend.
Yeah, I saw that too on the RSI. It's definitely something to keep an eye on, especially after such a strong run. Could just be consolidation, but divergence is always a yellow flag.
I'm not so sure. Sometimes RSI can lag on these big moves, especially with the volume we've seen. I'd be looking at order flow and price action more than just the RSI on a day like this.
Good catch on the divergence. It doesn't always mean an immediate reversal, but it suggests the momentum behind the price action might be weakening. Worth being cautious.