MrAndroid

VWAP on Nvidia - using a new indicator

NASDAQ:NVDA   NVIDIA
In general my charts are using simple horizontal support and resistance lines, parallel channels and if I think I see something, triangles and wedges. I use 200 day and 200 week EMAs as a guide to trend direction and also the volume profile on fixed ranges. Recently I've started adding VWAP AA as another indicator, the setting is that it is anchored to one month. I have added this because it does appear to add some information about potential short term support and resistance levels. Nvidia, a stock I track regularly, has recently had a very significant upside swing (which unfortunately I did not predict) of just under 50%. I want to see if this VWAP is somehow predictive because it currently shows price at the top of the VWAP AA channel, thereby indicating a possible short term correction. Let's see.
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