GroundNinja

NVDA: Breakout or Fake out?

NASDAQ:NVDA   NVIDIA
NVDA 1D: Key Level on watch is 50SMA (168.07): >168.07, next upside is 171.52 where a clearer value gap exists until the next area of value and key POC value of 186.95; Additional analysis observes MACD ma's on the start of upward slope to breach 0 line with build of an ascending histogram// <168.07 would support channel to downside and gap fill downwards to 157.65, also a KL of confluence with 20SMA // Price action on last Daily candle leaves is with a "shooting star": at the peak of a current trend upwards could suggest potential reversal pattern and would be further validated with volume increase and resulting double top rejection// ATR: 8.49, Beta: 1.63, IV: 55.2%
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