Nvidia has run to hard?
Nvidia
In the last 5 weeks, Nvidia's shareprice has run 45%
From a pure technical perspective:
1. Shareprice is 37% above its 20 week moving average (black line).
2. Shareprice is far outside of its bollinger bands, thus, extremely overbaught.
3. The current week candle looks like a doji candle, which indicates indecision.
4. The sequential count is currently on a perfected SELL 9 count candle.
High probability indicates to a shareprice that has run to hard and which is ready for either a pullback or consolidation.
IF we get a pullback in the Nvidia shareprice, expect the Nasdaq to follow, as Nvidia sentiment is what currently drives the index higher.
In the last 5 weeks, Nvidia's shareprice has run 45%
From a pure technical perspective:
1. Shareprice is 37% above its 20 week moving average (black line).
2. Shareprice is far outside of its bollinger bands, thus, extremely overbaught.
3. The current week candle looks like a doji candle, which indicates indecision.
4. The sequential count is currently on a perfected SELL 9 count candle.
High probability indicates to a shareprice that has run to hard and which is ready for either a pullback or consolidation.
IF we get a pullback in the Nvidia shareprice, expect the Nasdaq to follow, as Nvidia sentiment is what currently drives the index higher.
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