Tuesday, March 29, 2022

NVDA Chips are Up - Update 1





The daily chart above shows continuing progress. Today we gapped up at the Open, then filled the gap, and rose back up to close with a Doji candle.

The gap up was a Bullish indication of course, but when you first saw it, you had to be concerned whether this was an exhaustion gap due to the very high and persistent over-bought Stochastics. We won't really know until tomorrow's Close, but I think the fact we climbed back up enough to close as a Doji, and closer to the top than the bottom of the candle, is an indication there is still momentum to the upside.

An easy decision to hold the position.

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