NVDIA: Caution! Local Top Identified, Time to Secure Your Profit
After accurately predicting a rally to new highs, in this morning's pre-market, our in-house AST indicator is confirming a break that occurred just before yesterday's close, signaling a local pause in the
NVDA
developing uptrend.
On the 4-hour chart, the blue area breaks below the baseline, signaling a loss of market strength and anticipating a short-term bearish correction. This doesn't represent a change in the main bullish trend but does offer a good opportunity to re-establish long positions at more attractive prices.
Hence, it might be a good time to take profits on the long position established last week and patiently wait for the AST indicator to once again demonstrate strength. Follow me, stay tuned and keep an eye out for the new entry signal, which I'll share here, allowing us to continue reaping hefty returns with the AI darling.
Disclaimer:
The information provided is for general informational purposes only and should not be considered as professional advice. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content contained for any purpose.
Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from the use of information presented.
NVDA
developing uptrend. On the 4-hour chart, the blue area breaks below the baseline, signaling a loss of market strength and anticipating a short-term bearish correction. This doesn't represent a change in the main bullish trend but does offer a good opportunity to re-establish long positions at more attractive prices.
Hence, it might be a good time to take profits on the long position established last week and patiently wait for the AST indicator to once again demonstrate strength. Follow me, stay tuned and keep an eye out for the new entry signal, which I'll share here, allowing us to continue reaping hefty returns with the AI darling.
Disclaimer:
The information provided is for general informational purposes only and should not be considered as professional advice. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content contained for any purpose.
Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from the use of information presented.
Comment:
After NVIDIA defended the lines very well despite a very bad day for the mag-7, Our indicators are back in buying mode. I elaborate further in a new published idea posted separately.