$NVDA
Added 2025-01-07 12:53:33 +0000 UTCHigher high now achieved in the PM and $NVDA continues to look very strong here and on course to hit $160 with this momentum behind it.
The possibility of a retest of the $141 seems unlikely now but a higher low is always welcomed to strength the structure in order to move higher.
Bulls will then want to see the First Target converted to support too....if this can happen, then the next target is $192 and this would cause the $QQQ to be dragged up to the Melt Up level too and bring the sector with it.
Comments
I am concerned about the declining average daily volume since March '24. I don't see how a move up can be supported long term without volume bucking the trend. Doesn't appear to be a lot of enthusiasm for this one presently.
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2025-01-07 16:13:01 +0000 UTC
