Based on the Enhanced Vegas Tunnel indicator analysis, NVDA appears to be showing technical exhaustion signals at current levels:
* Multiple bearish MACD+RSI divergences have appeared at recent highs * Price action is losing momentum near the upper tunnel boundary * EMA5/10 crossover pattern suggests weakening upward momentum * Current price action indicates potential consolidation or correction phase
Short-term outlook: Higher probability of sideways consolidation or potential downward movement. Traders should exercise caution and watch for further confirmation signals before taking new long positions.
Note: This is purely technical analysis and doesn't account for fundamental factors or market sentiment.