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Oct 1, 2022 5:06 PM

NVDA NVIDIA Corporation Strongest Support 

NVIDIA CorporationNASDAQ

Description

NVDA NVIDIA Corporation looks ready for a technical rebound.

A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of NVDA is below 30.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.

Looking forward to read your opinion about it.
Comments
Solldy
The most illogical of your last ideas. I don't think the macroeconomic news will even give a chance for such a scenario to play out at the current moment.
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