Nvidia (NVDA) is probably the most powerful U.S. stock and could make a significant top weeks after the main U.S. stock indices peak.
Elliott wave analysis indicates an intermediate top could soon occur, then a correction before a 5th wave advance. Perhaps near 1,000.
Weekly RSI supports this theory, usually stocks and stock indices have at least one RSI bearish divergence before making a significant top. Currently NVDA is at its maximum weekly RSI reading.
Elliott wave analysis indicates an intermediate top could soon occur, then a correction before a 5th wave advance. Perhaps near 1,000.
Weekly RSI supports this theory, usually stocks and stock indices have at least one RSI bearish divergence before making a significant top. Currently NVDA is at its maximum weekly RSI reading.
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