1PC
12-06 22:50

@koolgal：
🌟🌟🌟The price action & volume of $NVIDIA(NVDA)$ in November displayed a series of Bearish technical patterns & signals that confirmed a sharp correction, even amidst strong fundamentals. In November, there were Bearish engulfing patterns for Nvidia where a large red candlestick completely engulfed the body of a smaller green candlestick. This was visible on a few trading days, notably following positive earnings announcement, signaling that sellers were overpowering buyers despite the good news. Throughout November, Nvidia's price consistently traded below its shorter term moving averages (like the 20 day EMA), with a bearish crossover (where a shorter term average crosses below a longer term one) confirming the trend shift. Consistent with a trend reversal, Nvidia significant price drops in November were accompanied by higher than average trading volume. This signaled strong selling pressure, rather than a simple low volume pullback. @Tiger_comments @TigerStars @Tiger_SG
🌟🌟🌟The price action & volume of $NVIDIA(NVDA)$ in November displayed a series of Bearish technical patterns & signals that confirmed a sharp correction, even amidst strong fundamentals. In November, there were Bearish engulfing patterns for Nvidia where a large red candlestick completely engulfed the body of a smaller green candlestick. This was visible on a few trading days, notably following positive earnings announcement, signaling that sellers were overpowering buyers despite the good news. Throughout November, Nvidia's price consistently traded below its shorter term moving averages (like the 20 day EMA), with a bearish crossover (where a shorter term average crosses below a longer term one) confirming the trend shift. Consistent with a trend reversal, Nvidia significant price drops in November were accompanied by higher than average trading volume. This signaled strong selling pressure, rather than a simple low volume pullback. @Tiger_comments @TigerStars @Tiger_SG

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