$NVDA has traded in $60 range for the past 20 trading days.
ATH: 380 on the nose 6/10/2020
$350 is the lower end of the consolidation area if i owned would put $339 as a stop loss. Gives us a little wiggle room given the current market climates. but will also give the stock room to consolidate freely.
Would be a buyer above 368 as there is a small gap to fill and although choppy, I would consider this a smaller triple top pattern (bearish) so if it can break above, it would be unexpected in a positive way.
RSI: Does not indicate overbought or oversold.
MACD: Looks like we will see a continued pattern of both lines coiling.
Should also be taken into consideration that we have India/China tensions flaring up with the US as a big ally to India. NVDA is heavily in China so have to advise precaution as always.
ATH: 380 on the nose 6/10/2020
$350 is the lower end of the consolidation area if i owned would put $339 as a stop loss. Gives us a little wiggle room given the current market climates. but will also give the stock room to consolidate freely.
Would be a buyer above 368 as there is a small gap to fill and although choppy, I would consider this a smaller triple top pattern (bearish) so if it can break above, it would be unexpected in a positive way.
RSI: Does not indicate overbought or oversold.
MACD: Looks like we will see a continued pattern of both lines coiling.
Should also be taken into consideration that we have India/China tensions flaring up with the US as a big ally to India. NVDA is heavily in China so have to advise precaution as always.