NVIDIA Stock Is Constructively Alleviating Overbought Conditions

Posted April 21, 2017 6:20 am by Comments

By Patrick Brik, BAS

NVDA Stock: Constructive Developments
NVIDIA Corporation (NASDAQ:NVDA) stock went on an epic run last year, where the share price appreciated by 226.92%. This epic run was supported by a number of technical indicators. However, these indicators are now suggesting that the path of least resistance is geared towards lower prices. This can mean a number of things, but the price action is suggesting that NVDA stock is doing an extremely good job at unwinding extremities that were caused in the previous advance. If this continues, it could be setting.
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Source: Profit Confidential

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