Cash Flow Machine | Mark Yegge | Wealth Architect on $NVDA (Nov 2, 2026)
NVDA's chart looks weak: a large downward gap on huge volume and a downward trend, with the 200-day moving average tested about four times in six or seven months instead of the usual once or twice a year, though it closed above it. It must fill the gap on large volume, with many sellers waiting to sell into any rally; it is not showing the rise people assume.
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Nvidia, look at this arrow. A large downward gap with huge trading volume on Friday, and a downward trend. You know, this stock closed at least above its 200-day moving average, which is a good thing.
The problem with this, you know, is that this is the second, third, or fourth time on this chart that we see it testing the 200-day moving average. This is not good. It is usually tested once or twice a year.
But this stock has been tested about four times in the past six or seven months. So, there are a few problems here. It needs to come back up and fill that gap, and it needs a large trading volume to do that because there are a lot of sellers out there.
They are waiting to pounce as soon as it starts to rise again because everyone thinks Nvidia is on the rise, but it certainly isn't showing us that, is it?
What this channel has said about $NVDA
Cash Flow Machine | Mark Yegge | Wealth Architect has 10 calls on this stock; only the adjacent ones are shown.