NVDA has been bouncing up and down above the support and resistance level as indicated by the Kurotoga Cloud, however the most recent candle shows a promising bear wick supporting for price to decline. I indicated with a red line the price I believe it will hit, I do see it hitting a higher low but not a lower low even though it is trending for lower lows. The Bollinger Bands show decreasing volume and price movement. While the MACD is flat, this piece of information makes it hard to predict which is why I am not sticking with the lower low trend... Just to be safe. The RSI is on the higher end compared to its average but not significant enough to determine future price movement.
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This Analysis is part of a series on how to analyze stocks.
Comment your thoughts below! Thanks
This Analysis is part of a series on how to analyze stocks.
