NVDA Short-term analysis | Trading and expectations

NVDA is in price discovery with huge candle spread; very bullish. Well above the R3 pivot and daily 200EMA, the bulls are in control. Price is in a wave (3). R5 daily pivot is the target for this move up at $235, and any pullback may target the previous ATH support HVN.

📈 Daily RSI played out bullish divergence andis now overbought with no divergences suggesting a continued rally.

👉 The bear scenario kicks in if we drop below the recent lower low at the weekly pivot $161

Safe trading