Wednesday, February 22, 2006

NVDA - Needs Some Traction

NVDA - 60 Minute View

In early morning trade NVDA came back to its trendline and managed a small bounce, however, it lacked traction and fell into a doldrums phase in the afternoon. I'd like to see another pullback to the rising trendline (in line with the 200 period SMA) and a nice rounded bottom so that NVDA can take off with more momentum. I'd also like to see a positive crossover on the ADX.

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