NVIDIA accumulated 13 million shares in consolidation after a March 30th gap-up, with recent blocks of 3M, 2M, and 1.7M shares added. Watch for a retracement to the 4-day and 8-day moving averages, then a breakout above the recent high to signal bullish continuation.
Chapters
Okay, so here's Nvidia, and this one is a bit nuts. Look at back here, 30 days down here, we got, uh, $165 area, 2.2 million. And look at all of this, 2, 4, 6, 9, 10, 12, about 13 million sitting right here. So we had this March 30th gapped up, and then we had this consolidation, and you can see how the stock went sideways while they accumulated these shares. One, two, three, four. Four days here, and then we gapped up and then continued on our four exponential moving average. Then we got a nice three million up here, and look how we sat here: one, two, three, four, five days. We sat here going sideways, and then this one just broke out another two million, one point seven million yesterday. So this is massive adding to their position at the moment. So we're snaggling against this print. Let's see if we can break above and have this an outside day. We have the retracement back to the 4 or to the print here, and the 4 and the 8 essentially if we pull back. And then if we break up, then we'll get back into the higher territory. So we are going to be bullish. If we look at our intraday, you can see here that we just moved down a little bit