NVDA is in a buying zone with upward potential, contingent on sufficient trading volume to support the move.
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Nvidia is doing something similar. The stock rose all the way. If you raise your position to an execution price at the money here at 245, or whatever, you are suffering because your stock has fallen too far.
So, we have an Nvidia stock here. Nvidia's stock tried to break through , but it didn't have enough trading volume, did it? So, it jumped up , but without trading volume, it came back and closed that gap, and now it's back in this buying zone, the green zone, and it wants to go higher.
This is how I see it . If you look at yesterday's candle, it was a candle with an average trading volume and it declined slightly. But overall, the stock is in the buying zone and wants to move upwards, that's how I see it.
It now comes out of this small cup and loop model. It will take some effort to push it upwards. We need a trading volume like this, don't we ? She believes that the volume of trading pushed it upwards, and then an upward trend began from there.
But we want a trading volume that supports the price, okay?
What this channel has said about $NVDA
Cash Flow Machine | Mark Yegge | Wealth Architect has 6 calls on this stock; only the adjacent ones are shown.