NVDA breaks below with mixed feelings
NVDA very recently breaks below its upward trend, but other factors make its break below uncertain.
The break below is of concern, but so far we are not seeing signs that this will trigger a violent sell off yet. The sell off maybe more muted before turning around back into another rally again.
- Volume has been decreasing since its selloff at the peak of the 26th indicating disagreement
- RSI has been holding flat at the 50 line instead breaking below
- MACD also has not been moving into bearish zone just yet.
The break below is of concern, but so far we are not seeing signs that this will trigger a violent sell off yet. The sell off maybe more muted before turning around back into another rally again.
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