How Verified Investing’s view on $SN changed

“Oversold Into Earnings: Rivian’s Bounce Setup And 3 More Charts”

Shark Ninja hit an all-time high and double top near $194; RSI declined while price rebounded, so buying support for the rise is decreasing. It may break through highs but not much, and $200 is likely to trigger profit-taking that pushes it down to $184-$185.

And now , we have the Shark Ninja arrow. Who would have expected that, guys? Arrow symbol SN! Look at this rise today, 3.88%.

Now, the stock has reached an all-time high, a double top, here on the chart near $194. Shark Ninja stock has seen a remarkable rise . As you can see, I have a parallel upward line shown to you.

I will also show you the daily Relative Strength Index. Look at this contrast. The Relative Strength Index was higher here when the price was low on the chart. However, the Relative Strength Index (RSI) declined slightly and steadily while the price rebounded.

This illustrates a discrepancy between the Relative Strength Index and the price action, meaning that despite the price rising, the buying support level for this rise is decreasing.

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