$NVDA shows strength in “Go” trend

$NVDA shows strength in “Go” trend


February 2023


Alex Cole

As the reset of the market struggles, $NVDA shows strength.

Having hit a high mid February, we saw a Go Countertrend Correction Icon (red arrow) telling us that price may struggle to go higher in the short term.  GoNoGo Trend then painted a string of weaker aqua "Go" bars as price moved against the trend.  GoNoGo Oscillator then fell to the zero line and it was important to see whether it would find support at this level.  It did, rallying back into positive territory and giving price the push it needed to gap higher and set a new high on bright blue "Go" bars.  Now, above resistance, the trend is a "Go" and momentum is once again on the side of the trend with heavy volume.