$NVDA pauses during incredible run

$NVDA pauses during incredible run


June 2023


Alex Cole

What a “Go” trend it has been for $NVDA.

Price has more than tripled for the stock and we haven’t seen many signs of it slowing down. After another new high last week, we saw a Go Countertrend Correction Icon (red arrow) indicating that price may struggle to go higher in the short term.  Indeed GoNoGo Trend has weakened painting paler aqua bars. GoNoGo Oscillator has fallen to test the zero line from above.  We will watch to see if the oscillator finds support again here at this level.  If it does, and we see the oscillator rally into positive territory then we can say that momentum is resurgent in the direction of the “Go” trend and can expect price to make an attempt at another higher high.

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