NVDA has broken above the previous congestion/resistance zone (~$139–$145). This zone was tested multiple times and now acts as a support base.Volume on the breakout week is strong and supporting the move.
Weekly RSI is 67.40, approaching overbought but NOT YET overheated (no bearish divergence). RSI broke past prior Bear zones, signaling renewed strength. Only time will tell.
All-time high territory so proceed with caution. Always due YOUR OWN research.
Bullish long-term trend intact as price is above all EMAs (not too shabby).
I wouldn't be surprised for a pull back soon; maybe 145ish.
Happy Sunday ya'll!
**As always: this isn't financial advice. Please seek professionals on any investments.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.