$NVDA - Getting Overheated in the Daily
$NVIDIA Corp(NVDA)$ - Getting Overheated in the Daily
And it can continue overheated, but let's be mindful about some conditions:
Price breached the higher Bollinger band few days ago, small pullbacks are normal even in uptrends as it happened in May/June, but managing risk is key in case that the pullback continues southbound as in August.
StochasticRSI is overheated already, RSI is nearing 70, the Money Flow Index is getting close to 80.
References to manage risk are in the latest weekly compass, available in the link in profile⤴️.
$Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$
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It would definitely affect the market, but stock participation is healthy, other tech companies out of the MAG7 are moving constructively. $Microsoft(MSFT)$ has the technicals of a bounce and $Apple(AAPL)$ the ones for a launchpad.
If NVDA takes a breather, there are more securities in healthy conditions
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