Posted by CopperMtn on 7th of Jan 2022 at 03:07 pm
`Thanks for posting this. I have been looking for a swing entry
for some time. Support at ~$272 looks like it may hold. But,
here's what is concerning (may not show on your chart):
1. 50-day EMA looks to have rolled over
2. 200-day EMA is flattening.
3. Bearishly configured EMA ribbons
4. 12/26/9 MACD has crossed under 0
5. OBV slope hints at distribution not accumulation.
As I said, I'm looking for an entry. But wonder at this point if
this is still in the "falling knife" stage. FWIW, this is the
NVDA daily chartI'm tracking.
`Thanks for posting this. I
NVDA
Posted by CopperMtn on 7th of Jan 2022 at 03:07 pm
`Thanks for posting this. I have been looking for a swing entry for some time. Support at ~$272 looks like it may hold. But, here's what is concerning (may not show on your chart):
1. 50-day EMA looks to have rolled over
2. 200-day EMA is flattening.
3. Bearishly configured EMA ribbons
4. 12/26/9 MACD has crossed under 0
5. OBV slope hints at distribution not accumulation.
As I said, I'm looking for an entry. But wonder at this point if this is still in the "falling knife" stage. FWIW, this is the NVDA daily chartI'm tracking.
also for NVDA below that
Posted by matt on 7th of Jan 2022 at 03:49 pm
also for NVDA below that shelf support is a thin zone, that run up offers very little support, nothing really until you get to that 230 and gap area