Replies to post #8617 on NVIDIA Corp (NVDA)

[JJ8]

I believe it may be a good time for adding more in my port.

Currently after having taken first round profits, it would be a second run for me.

Presently, my average cost is $45.44 and today it closed at $42.20

It appears to be consolidating within a longer-term uptrend. The Average Directional Index, or ADX, is below 20, indicating that shares have traded sideways recently. However, the 200-day is still sloping bullishly upwards. Comparative Relative Strength analysis shows that this issue is lagging the S&P 500

The technical picture based on the Fast Daily Stochastic Oscillator turned up today at about in the bottom area . I doubt it will linger there longer.

I think the Weekly could be getting ready to follow as well, also it is in the bottom area.

Though the momentum is strongly bearish. The 14-period Slow Stochastic oscillator is below 20, the level which many analysts call oversold.

I expect to get a clearer picture by this Friday.

Though Momentum for INTC is strongly bearish. The 14-period Slow Stochastic oscillator is below 20, the level which many analysts call oversold.

I'd like to add more shares should the tech picture turn positive by this Friday.

Today's volume was heavier than usual, trading 74,183,707 shares, versus an average of 41,714,442 shares per day during the last twelve months. The On Balance Volume indicator (OBV) is bullish. This is important. The slope of the indicator is positive and suggests that buyers are presently more active than sellers as of 3:59 PM ET Wednesday, 03/20/2024

I think it makes sense to have more shares in my port for the long term. GLTY & GLTA

Go NVDA, the sky is not the limit!