NVIDIA

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NVIDIANVIDIA CorporationBATS:NVDABatsman-EdwardNVIDIA remains bullish on the 1D/1W timeframes but more importantly is overbought on the longest 1M technical outlook (RSI = 72.389, MACD = 31.980, ADX = 18.956). Historically, those levels haven't been sustainable for the stock's growth and since 2018, the two times that the 1M RSI formed LH or TT patterns, the market started a strong correction to its 1M MA50. On both times, the 1M MACD as well as the 1M RSI have been around the same levels as today. Neither of those are anywhere close long term buy levels. NVIDIA will turn again into a long term when either the price touches the 1M MA50, which could be at $115.00 at least, or the 1M RSI hits the 41.50 support.