Nvidia Stock Beat Earnings but 3 Bearish Charts Whisper a Local Top
BeInCrypto
Despite strong earnings, Nvidia stock faces potential downward pressure as technical indicators suggest a local market peak.Summary
Although Nvidia recently surpassed revenue and earnings expectations, technical analysis reveals three bearish signals indicating a potential local top. Key indicators, including Chaikin Money Flow, Relative Strength Index (RSI) divergence, and shifting put-call volume ratios, suggest that institutional investors are exiting and market sentiment is weakening. Unless the stock can decisively break above $236, it remains at risk of a correction toward the $217 or $194 support levels.
(Source：BeInCrypto)