“Nvidia’s stock flashes key warning sign” [Mon, Jun 17, 2024]
July 1, 2024
“…Nvidia stock’s Friday close at $131.88 put its relative strength index at 80. RSI is a measure of how fast a stock, a commodity or an index is rising — or falling… For Nvidia, 80 is a high reading and, more important, suggests the stock is overbought and could take a dive sometime soon…
The basic evidence supports this idea. Nvidia shares are up 166% this year. And that’s on top of a 239% gain in 2023. The stock may be ready to sag…”
https://finance.yahoo.com/news/nvidias-shares-flashes-key-warning-080008414.html