The Hourly View for NVIDA
- At the time of this writing, NVDA’s price is up $0.62 (0.34%) from the hour prior.
- The hourly chart shows that NVIDA has seen 3 straight up hours.
- If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
- The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
NVIDA’s hourly price chart is shown below.
The Daily View for NVIDA
- At the time of this writing, NVDA’s price is up $4.38 (2.44%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved down.
- As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
- Of note is that the 50 day changed directions on NVDA; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
- Divergence between NVDA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in NVDA’s price.
Below is a daily price chart of NVIDA.
Featured NVIDA Commentary From Twitter
Trade plan for Thursday
$SPX if it holds above 4200 after PPI #’s tmrw it’s possible we see a move to 4266-4300. Calls can work above 4200
$NVDA watch 183 for tmrw. NVDA above 183 can test 189 by early next week. Calls can work above 183
$AAPL above 170 can test 173NA
— EliteOptions2
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