$NVDA Seeks Recovery While $GOOG Faces Downside Risk
Technical indicators are highlighting two contrasting setups among the AI megacaps.
While NVIDIA is attempting a bullish reversal from oversold conditions, Alphabet is flashing a historically significant weekly MACD bearish crossover, putting traders on alert for the next major move.
1. $NVIDIA(NVDA)$
The oscillator is attempting an bullish crossover in oversold zone. The last two instances brought tactical bounces, and the one prior a 20% rally.
Gaps exist both ways; bulls need 189 cleared for good. Will NVDA come to the rescue if $Advanced Micro Devices(AMD)$ and $Micron Technology(MU)$ keep consolidating?
2. $Alphabet(GOOG)$ $Alphabet(GOOGL)$
Bearish weekly MACD crossovers have preceded significant declines. If you are new to trading, learn how to read price action before buying into the "lagging indicator" crap. Analyze the charts and build your own criteria.
Slow oscillators = Stronger validation.
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