After a good cpi report NVDA rallied with momentum giving clues of more rallying to come
Overall we expect the rally to continue.
- Rally stayed under resistance level which indicates for a sustained rally
- Volume increased and remained steady during rally
- RSI broke above 50 going into bullish zone. Hopefully SMA will follow
- NVDA has started to form long term downward trend that began back in July. We need to watch out for this zone as a take profit area
Overall we expect the rally to continue.
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