NVIDIA
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NVDA seems like will have a major drop here

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NVDA is in a rising wedge, a very bearish pattern if a break occurs. After such a strong rise it is time to cool down and correct it. How far we will see, but BigRed should act as a major support line. At the end of this pump, NVDA formed a bearish reversal candle shooting star. It can not be more bearish than it is.

Volume is falling after this huge exhaustion gap volume which is bearish.
Price is above all major MA which is bullish.
RSI has strong powerful negative bearish divergences which indicate there is much more chance for the price to drop from here.
MACD same as RSI plus it's ticking red already.

Overall: NVDA is climbing higher and higher but there is a lack of volume and there is lack of momentum. Textbook situation after exhaustion gap which occurs a few weeks ago. For bull, there is only one chance and that is to maintain consolidation of the price around this level or a little bit lower levels but without bigger volume, especially volume which would be above 20 days average volume.

From a bearish point of view, with a possible/likely breakout from the rising wedge short position would be triggered with targets around the blue horizontal support area where at the same time would be 50 days MA. Very likely 15% trade is in front of us. Also after testing that support line, we could easily see a drop further toward Bigred.

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