Benzinga – To gain an edge, this is what you need to know today.
Tech Insiders Sell
Please click here for an enlarged version of the chart of NVIDIA Corp (NASDAQ: NVDA).
Note the following:
- This article is about the big picture, not an individual stock. The chart of NVDA stock is being used to illustrate the point.
- NVDA is the center of the AI revolution and as such is the most important stock in this market at this time. As is often the case, the chart shows crosscurrents.
- The chart shows an outside day. An outside day is a negative pattern in traditional technical analysis. For details, please see a prior Morning Capsule.
- The chart shows that the pullback after the outside day was bought and the trendline held.
- The chart shows yesterday Nvidia had a major reversal. In a major reversal the stock opens near the high of the day but then drops, closing near the low of the day. This is a…
Read More
