NVIDIA

NVDA breaks below with mixed feelings

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NVDA very recently breaks below its upward trend, but other factors make its break below uncertain.

  • Volume has been decreasing since its selloff at the peak of the 26th indicating disagreement
  • RSI has been holding flat at the 50 line instead breaking below
  • MACD also has not been moving into bearish zone just yet.


The break below is of concern, but so far we are not seeing signs that this will trigger a violent sell off yet. The sell off maybe more muted before turning around back into another rally again.

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