In my last most on NVDA I mention the potential to close gap up at 242 and 257.
Today we closed gap at 242 and rejected on Resistance..
Here's the 2 most bearish signs I see..
1. Rising wedge
2. Bearish divergence on Daily RSI (See rsi)
3. Weekly Money flow parabolic overbought
Unless we can break over that resistance (Slim chance) NVDA is headed back to is 21ema at 220 fast then most likely 214 fib support.
Below 214 and that opens the door to sub 200
I'm leaning bearish here
Today we closed gap at 242 and rejected on Resistance..
Here's the 2 most bearish signs I see..
1. Rising wedge
2. Bearish divergence on Daily RSI (See rsi)
3. Weekly Money flow parabolic overbought
Unless we can break over that resistance (Slim chance) NVDA is headed back to is 21ema at 220 fast then most likely 214 fib support.
Below 214 and that opens the door to sub 200
I'm leaning bearish here
