In this daily bar chart of NVDA below, I see a mostly positive picture. Prices have been trading higher from the October low and the higher low in late December. The price is trading above the rising 50-day EMA and above the rising 200-day SMA. The 50-day line moved above the 200-day line in January for a bullish golden cross buy signal. The trading volume histogram does not show me a rising trend or extension to confirm price gains.
In this weekly Japanese candlestick chart from NVDA, I see a mixed chart picture. The price is trading above the rising 40-week EMA. The weekly trading volume shows a decline from August levels.
The weekly OBV line shows an increase since October. The MACD oscillator is bullish and is in an uptrend above the zero line.
In this daily Point and Figure chart of NVDA, I can see an upside price target in the $319 area. A trade at $220 is likely to weaken the picture.
In this second point and figure chart of NVDA, I have used weekly price data. Here the software projects a price target in the $405 area.
Looking back, NVDA’s chart did not improve further and turned upside down. For now, look to the benefits ahead.
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