NVIDIALong
NVDA rallied today with consistent strong volume
After a good cpi report NVDA rallied with momentum giving clues of more rallying to come
Overall we expect the rally to continue.
- Rally stayed under resistance level which indicates for a sustained rally
- Volume increased and remained steady during rally
- RSI broke above 50 going into bullish zone. Hopefully SMA will follow
- NVDA has started to form long term downward trend that began back in July. We need to watch out for this zone as a take profit area
Overall we expect the rally to continue.
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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.