$NVDA - Is the 50DMA a potential hurdle?
$NVIDIA Corp(NVDA)$ - Daily Chart:
Is the chart bullish? Yes it is, considering the candle full of conviction and validated by high volume. The Stochastic is bullish, and a bounce from the lower Bollinger band has sent price to the higher one.
Is the 50DMA a potential hurdle? Yes, given the confluence with 20DMA.
Is that a cause of extreme concern?
Firs of all, risk can be managed using the S/R levels, and secondly, when you know the financials and key business elements from the company you can have an extra-edge.
That fundamental information is in the latest publication, with detailed evolution of key indicators.
Image
https://x.com/SmartReversals/status/1834013693492769202
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Snailmail·09-14Hope soLikeReport
- AuntieAaA·09-12GOODLikeReport