NVDA Continues bearish trend - Short
1 - NVDA continues a downward trend on its 100-day and 200-day linear regression; currently priced ~9.5% above the 100day linear regression mean.
2 - The current price $141.5 (11/4) is at the July support level; this price level was tested in September.
3 - RSI indicator (1day) suggests an overbought signal; the overbought price has been above "80" for approximately 2-weeks and arcing downwards suggests a regression towards the mean.
2 - The current price $141.5 (11/4) is at the July support level; this price level was tested in September.
3 - RSI indicator (1day) suggests an overbought signal; the overbought price has been above "80" for approximately 2-weeks and arcing downwards suggests a regression towards the mean.
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