NVIDIA Corporation (NVDA) opened on more than +2.00% today but as it almost made contact with the 1D MA100 (green trend-line), it got rejected. This is far from ideal for the uptrend that started on the October 13 Low as the previous Lower High of this 12 month Bear Market was done again on the 1D MA100 (August 15). With the 1D RSI entering its Resistance Zone...
Nvidia will move up then start shorting , get ready to open a sell postions .
NVIDIA Corporation (NVDA) broke and closed above its 4H MA200 (green trend-line) last Thursday and in a surprising display of bullish strength, it has managed to hold it as a Support and consolidate. That was the first series of 1D candle closings above the 4H MA200 since January 14. If this fails and the stock closes 2 or more 1D candles below the 4H MA200, we...