To The Moon

$NVIDIA Corp(NVDA)$ Board of Directors member Dawn Hudson just dumped 20,000 $NVDA shares for a total value of $21.6 million

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$NVDA: Bearish Reversal Signal – Watch for a Break Below $1100

$NVDA is showing a potential bearish reversal, marked by a Bollinger two-bar reversal setup

Bearish Two-Bar Reversal Setup: This pattern suggests a potential reversal from the recent highs, indicating that $NVDA may be set for a downward move

Volume Analysis: Elevated trading volume over the last six trading days highlights significant investor activity, which often precedes major price movements

Key Level: $1100 is a crucial support level. A break below this could trigger further declines

Short Float and Days to Cover: With a short float of 1.17% and only 0.58 days to cover, there's limited short interest, reducing the likelihood of a short squeeze providing upward pressure

Position in 5-Day Range: $NVDA is at 74.87% in its 5-day range, indicating that it's trading towards the lower end of its recent range, adding to the bearish sentiment

A Bollinger two bar reversal (bearish):

Bar 1: The first bar is a bullish candle (price closes higher than it opens), and the high of this candle touches or goes above the upper Bollinger Band

Bar 2: The second bar is a bearish candle (price closes lower than it opens) that closes below the low of the first bar

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