We can see a very long renewal of the historical high and, in my opinion, a very overbought asset
As we see on the monthly timeframe on the MACD histogram, the price shows overbought and a very long time at the highs
We can also observe divergence in price and volume, which indicates that an early reversal and correction is close
Two targets two support levels first at 800 second at 400
Nothing can grow forever, even such a great asset of such a potentially interesting company for purchase as Nvidia
As we see on the monthly timeframe on the MACD histogram, the price shows overbought and a very long time at the highs
We can also observe divergence in price and volume, which indicates that an early reversal and correction is close
Two targets two support levels first at 800 second at 400
Nothing can grow forever, even such a great asset of such a potentially interesting company for purchase as Nvidia
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.