NVIDIA’s Candle Shadows and Volume: A Tactical Perspective
The recent NVIDIA chart displays significant technical activity around critical levels. The shadow on the 1D chart, particularly below $140, signals buying interest. Key observations include:
1. Shadow Analysis: The large lower wick on the most recent candlestick tested $140 but closed above $142. This suggests buyers stepped in to defend this zone, creating a rebound effect.
2. Volume Surge: The day closed with over 300M in volume, a spike compared to the 20-day average of 200M, indicating heightened activity and interest in the $140-$142 range.
3. Historical Levels: A similar shadow pattern occurred on October 13, when the price tested $132 but quickly recovered. These areas are emerging as reliable demand zones for short-term trading.
4. Key Levels:
• Resistance: $148 remains a tough level, marked by rejection candles with upper shadows.
• Support: $140 is holding, with buyers repeatedly absorbing sell pressure.
Consideration
If the next candlestick closes above $145 with lower volume, it may signal a lack of selling pressure and confirm a short-term bullish reversal. However, a break below $140 with continued high volume could trigger further downside to $135.
1. Shadow Analysis: The large lower wick on the most recent candlestick tested $140 but closed above $142. This suggests buyers stepped in to defend this zone, creating a rebound effect.
2. Volume Surge: The day closed with over 300M in volume, a spike compared to the 20-day average of 200M, indicating heightened activity and interest in the $140-$142 range.
3. Historical Levels: A similar shadow pattern occurred on October 13, when the price tested $132 but quickly recovered. These areas are emerging as reliable demand zones for short-term trading.
4. Key Levels:
• Resistance: $148 remains a tough level, marked by rejection candles with upper shadows.
• Support: $140 is holding, with buyers repeatedly absorbing sell pressure.
Consideration
If the next candlestick closes above $145 with lower volume, it may signal a lack of selling pressure and confirm a short-term bullish reversal. However, a break below $140 with continued high volume could trigger further downside to $135.
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.