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Will Nvidia dethrone Apple as world's most valuable company?
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$NVIDIA (NVDA.US)$ 1. Price Action: • The current pre-mar...

$NVIDIA (NVDA.US)$

1. Price Action:
The current pre-market price is 141.320, up by +1.760 (+1.26%).
There is a recovery bounce from earlier dips that happened below 141, which indicates some buying strength.
2. MACD:
The MACD is showing a positive crossover, with the MACD line above the signal line, indicating that bullish momentum is increasing.
This supports a potential upward move, which is positive for your call options.
3. RSI (Relative Strength Index):
The RSI is at 60.5, suggesting that the stock is not yet in overbought territory but showing upward momentum. This implies that there’s still some room for the price to increase without entering the overbought zone.
4. Volume:
The volume seems relatively healthy with a spike during the latest price surge, indicating increasing interest in the stock at these price levels. More buyers are stepping in, which could push the price higher.

Bullish signs: The positive MACD crossover, along with the RSI being in an upward trend but not overbought, suggests a continuation of the uptrend, which would benefit your call option.
Watch resistance:  Should watch the 142 resistance level closely, as it seems to be a key level where the stock has previously faced selling pressure. If it breaks above this, it could indicate further upside potential.
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