$NVDA sees continuation above support

$NVDA sees continuation above support


March 2023


Alex Cole

$NVDA has moved significantly higher since the "Go" trend was flagged in January.

Making a series of higher highs and lows, GoNoGo Oscillator has been at or above zero for the entire move.  After gapping higher late February, price has consolidated mostly sideways since and GoNoGo Oscillator fell to test the zero line from above.  Encouragingly, it quickly found support at that level and has moved back into positive territory.  This has triggered a Go Trend Continuation Icon (green circle) to appear under the price bar. We will watch to see if this resurgent momentum can give price the push it needs to make a new higher high.