Of note is that the 20 hour changed directions on nvda; it is now pointing down.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Having arm will advance nvidia's ai capabilities and footprint while position the company for future growth.
The price move occurred on volume that was up 9.16% from the day prior, but down 5.82% from the same day the week before.
It’s been a feast for bulls operating on an hourly timeframe, as nvda has now gone up 9 of the past 10 hours.
And watch $nvda and $disca light it up now too!
It’s been a feast for bulls operating on an hourly timeframe, as nvda has now gone up 5 of the past 5 hours.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
This move happened on lower volume, as yesterday’s volume was down 0.31% from the day before — and down 46.32% from the same day the week before.
As for how volume fared, yesterday’s volume was up 3.18% from the previous day (sunday), and up 2.68% from monday of the week before.