RE:RE:experience in the market and T/A tells me...NOPE.
Technically speaking.. look at chart. Run took it from 4 to 12. HUGE HUGE HUGE..at the top, RSI AND STOCHASTICS WERE WAY WAY OVERBOUGHT.
so then .. what comes after inflating the balloon. Quite simply, take air out of the balloon... what some people call 2 steps up; 1 step back. In it's most simplistic explanation and this is not science but an imperfect art, the midpoint between the high and low of 4 and 12 is 8.
it would be nice if we get the stochastics and rsi to being quite overbought. But we shall see