• NVDA is going up sharply today, reinforcing the bullish sentiment on it;
• If you are afraid of a pullback, keep in mind the channel seen in the 1h chart – only if NVDA loses this channel downwards the bull trend will get weaker;
• This wouldn’t be a reversal sign though, as we would need to see a bearish structure for this, and so far, there’s not a single bearish sign around;
• In theory, NVDA is heading to fill the previous gap at $141.98, and in the lack of bearish signs, this is the most likely scenario;
• In addition, NDA is reversing the trend in the daily chart too, as it is trading consistently above the 21 ema. The only thing missing is a clear higher high/low to say that this is officially a bull trend.
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• If you are afraid of a pullback, keep in mind the channel seen in the 1h chart – only if NVDA loses this channel downwards the bull trend will get weaker;
• This wouldn’t be a reversal sign though, as we would need to see a bearish structure for this, and so far, there’s not a single bearish sign around;
• In theory, NVDA is heading to fill the previous gap at $141.98, and in the lack of bearish signs, this is the most likely scenario;
• In addition, NDA is reversing the trend in the daily chart too, as it is trading consistently above the 21 ema. The only thing missing is a clear higher high/low to say that this is officially a bull trend.
Remember to follow me to keep in touch with my analyses!
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