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$NVDA / #NVIDIA | 4H Trade Setup Update ● Current Status: NVIDIA (NVDA) has broken below the 200MA
1 year ago
3
$NVDA / #NVIDIA | 4H Trade Setup Update
● Current Status: NVIDIA (NVDA) has broken below the 200-period moving average and is trying to find support at a high volume node in the middle of the range.
● Technical Indicators: Falling Momentum: Momentum is currently declining. Rising Money Flow and VWAP: Both indicators are increasing, suggesting potential support. Stochastic RSI: Bottoming, indicating potential for upward movement.
● Outlook: Traders should monitor for support around the high volume node and watch for signs of stabilization. The combination of rising money flow and VWAP, along with the bottoming stochastic RSI, suggests a possible reversal if support is confirmed.
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