NVDA stays in range before earning
NVDA Analysis:
1. Price breaks bear trend with decreasing volume, indicating a possible false breakout. Interestingly, bear volume is decreasing, indicating loss of selling pressure.
2. Price gaps up since 12th Aug due to every news/data.
3. Price is too volatile and has been rising too fast, not sustainable if without a pullback. (Previously, the previous correction reversal, price moved up 16% followed by a pullback, and rose 12% in 2 weeks. Now, it rose 17% from the low, pullback, then 16% in
shorter time of 1.5 weeks.
🎯Target Price: Between $108 to $119 before earning release.
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