NVDA shows recent weakness and is in a hesitancy zone; do not buy now, wait for sellers to exit and buyers to regain control.

it, or think about it if you haven't already , because what will generally happen is that institutional buyers will buy this stock. Now, this stock is showing some slight weakness.

We have seen four consecutive days in which the stock price has fallen. Good? So, I'm going to enlarge that a little. You can see four consecutive days, three of which, as you know, had above-average trading volume .

This is not really good. So, we don't like it, but the stock is still above the 50-day moving average, which is the red line. It is above the 200-day average, which is the black line.

It's in the purchase area. So, there are a lot of positive things in his favor, and you can see that the arrow has just turned yellow . That yellow dot appears because we believe in the necessity of market timing and stock timing as well; there is a good time to buy and a bad time to buy.

Right now, we're in a sort of hesitancy zone, but it's good for examples, isn't it? So, you can take a look at this. Perhaps you should put it on your watchlist if it doesn't give you hope of buying it now.

Wait until these sellers are eliminated, then the buyers will regain control.

For example, you don't want to enter at 219 and then have the stock drop to here and have to wait, because then you will face a lot of defensive management. You know, we believe that stocks will eventually rise again , but sometimes that doesn't happen.

Sometimes it takes a long time, and that is considered wasted money. So, what we're looking for is a stock that goes through this...let me put it on the weekly timeframe and I'll show you.

You can see that this stock is building a foundation for further upward movement . I don't know if it will continue to rise or not. But on the weekly chart, it has a Guinness power of 78, which is not the strongest.

We would like to see at least 80, but 78 is not bad. It reaches 99 or 100. So, it performs better than 78% of the stocks we evaluate, that's how the result is read.

The stock is currently trading at 220 and we might want to move to the 215 level.