#NVDA ready for another push higher? Techs look sexy
Nvda.. couple of reasons why this is a big level and high probability to be long
(1) Divergence on RSI
(2) Test volume VPOC shelf and held
(3) Demark 9 exhaustion signal on daily
(4) Gliding off the 50dma
(5) Held 50% fib from most recent swing low and high
(6) Back above the Main Pivot
Putting this all together suggests there is a high probability setup here with a stop below the recent lows at 450. Initial targets 480, 500, then if we break out the channel , much higher..
(1) Divergence on RSI
(2) Test volume VPOC shelf and held
(3) Demark 9 exhaustion signal on daily
(4) Gliding off the 50dma
(5) Held 50% fib from most recent swing low and high
(6) Back above the Main Pivot
Putting this all together suggests there is a high probability setup here with a stop below the recent lows at 450. Initial targets 480, 500, then if we break out the channel , much higher..
Comment:
This worked out well to retest the $500 resistance
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