NVIDIA has rallied some 60% in just over a month. Along the way, stochastics have been signalling overbought conditions whilst RSI remained moderate. However, during the past couple of trading sessions RSI has been hovering above 70 for the first time since the rally began signalling overbought conditions. OBV has been declining for the most part of the rally implying a negative divergence; smart money may be offloading. A failure to sustain a close above $27 to maintain the uptrend may indicate a trend reversal. Watch Fibonacci retracement levels for support beginning with $25.
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