$NVDA - Mixed Signals: Daily vs. 4-Hour Chart

SmartReversals
01-15

$NVIDIA(NVDA)$ - Mixed Signals: Daily vs. 4-Hour Chart

The daily chart suggests the recent decline isn't over, as two key conditions from previous bounces—reaching the lower Bollinger Band and an oversold stochastic—haven't yet been met.

However, the 4-hour chart paints a different picture, showing the lower band reached and a bullish stochastic. The $129.10 level will determine which setup prevails.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $Palantir Technologies Inc.(PLTR)$

ImageImage

$Palantir Technologies Inc.(PLTR)$ - Bounce Potential

Three of four key elements from previous bounces are present today: an oversold stochastic, a breach of the lower Bollinger Band, and an indecision candle. The only missing element is high daily volume. If the decline continues, $61.50 is the next key support level before a potential bounce, but a bounce could occur here.

ImageImage

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
5