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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject5/10/2001 11:34:21 PM
From: Drbob512   of 100058
 
heehee: NVDA does indeed long vulnerable, and it could rally just a bit to 84-85, and then drop off, or it could just decline from here at around 80, from the TA that I see. It has crossed down on dma, stoch, macd, and but chart pattern has not turned negative yet, but a further break would probably do so.

It has rallied from drops below it's dma before but this time it has bearish divergences in RSI and rate of change. Would be better if it could have a double top or more negative signals but if the markets drop off here as I discussed in our TA class tonight, NVDA could follow suit in a big way. Good luck!
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