Watching NVDA for poss top
NVDA: watching the momentum (rsi) along w price action
Why: it made a huge run up; always be careful getting in later in a run
Arguments:
bull pivot: NVDA holding >140; this is a monster - so many position traders and investors have made great runs just playing & holding this bad boy
bear pivot: 3 possibilities
1. island gap at the top - gap up and then gap back down, leaving an island of candles alone
2. break of momentum/rsi trendline; **momentum change does not necessarily equal price action movement**
3. clear reversal candle - topping candle on daily
Why look at this review:
I chart more than just the price action. I like RSI and some MACD (only on M candles). Volume is key and the moving averages can give very useful information. RSI can (but not always) be a predictive indicator, whereas everything else is confirmatory.
Drawback to this review:
This is a shorter term review, Daily candles. Weekly and Monthly are better suited for investors.
If you check the W and M charts, you can see a divergence of the momentum/rsi to the downside.
Why: it made a huge run up; always be careful getting in later in a run
Arguments:
bull pivot: NVDA holding >140; this is a monster - so many position traders and investors have made great runs just playing & holding this bad boy
bear pivot: 3 possibilities
1. island gap at the top - gap up and then gap back down, leaving an island of candles alone
2. break of momentum/rsi trendline; **momentum change does not necessarily equal price action movement**
3. clear reversal candle - topping candle on daily
Why look at this review:
I chart more than just the price action. I like RSI and some MACD (only on M candles). Volume is key and the moving averages can give very useful information. RSI can (but not always) be a predictive indicator, whereas everything else is confirmatory.
Drawback to this review:
This is a shorter term review, Daily candles. Weekly and Monthly are better suited for investors.
If you check the W and M charts, you can see a divergence of the momentum/rsi to the downside.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.