Yesterday Nvidia hit a new All-Time High, growing a total of 425% from October 2022 through January 2024, a 460 days long bullish phase. This bullish phase is coming to an end.
➖ Bull volume peaked February 2023, almost a year ago. ➖ Bear volume has been predominant but also decreasing, continually, for many months. ➖ The RSI peaked May 2023; a long bearish divergence with NVDA which peaked yesterday.
We do not need to go much deeper. The fact that Bitcoin is set to enter a correction, the DXY going bullish, Gold going bearish and the stock market as a whole also going bearish, supports a market-wide correction.
The fact that this stock grew for a year and three months, tells us it had a nice run. Market conditions are about to change...
Can it keep growing? Yes, but at this point caution is advised, any additional growth can end suddenly and a massive correction show up.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.