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10.10.202214:44 Forex Analysis & Reviews: NVDA stock price justifies a bounce.

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Black lines- bullish divergence

NVDA stock price is in a bearish trend. Price is making lower lows and lower highs. Bears remain in control of the trend. However the RSI in the 4 hour chart is not following price to new lows. Instead the RSI is providing higher lows. This bullish divergence by the RSI suggests that the downtrend is weakening. So far the RSI has provided three higher lows. The bullish RSI divergence is not a reversal signal, only a warning. Price will confirm a trend reversal once it breaks above $136.50. Until then, bears remain in control of the short-term trend.

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