NVDA has technical strength (upward MA, good basket) but neutral momentum; requires breaking 230-235 resistance for confirmation.

Nvidia is the second to fall into this good basket , I would argue, based on an analysis of the technical aspects. And again , it meets all the requirements, doesn't it? Higher highs and higher lows, although it has tended to move sideways more than anything else recently.

The moving average is definitely trending upwards as we can see, and the momentum is generally strong, although we haven't seen a great deal of extremely strong momentum.

I think there is something remarkable about it. When comparing Nvidia's chart to Apple's, we do n't see the Relative Strength Index (RSI) exceeding 60. Therefore, the momentum tends to be more neutral than bullish.

Do you understand what I mean? An example of an upward trend was in April and May of this year, where we were in an overbought zone on the upswing, and on the downswing , we didn't fall much below the 40 or 50 level.

That's what an upward trend looks like. This, however, is a more neutral momentum.

Therefore, I would say that price is the best proof, and if we can, as happened with Apple, break through this clear resistance zone between approximately 230 and 235 . I think this is what I need to see in Nvidia.

it's easy to find charts like Nvidia and Microsoft when you think about it.

Then again, Microsoft, Meta, Nvidia, and some of these other charts that are in the "good" category, the ROG indicator shows you how they are improving on a relative basis, and I think this clearly expresses the upside opportunities available to them, or at least the setup for them at this moment.

So, understanding which of these names— Nvidia is the only one that's up today— and realizing which ones are performing well and which ones are falling behind, especially MetaTrader and Tesla today, really helps me understand what's happening on this trading day with regard to those key elements. Nvidia is the only one that's up today—