NVDA smashes through resistance levels, breaking above the consolidation that has been in place since mid-July. Weak hands have been shaken out, so we could be seeing a short-term vacuum kick in...
In trading lingo, "weak hands" refer to jittery investors who sell quickly during dips or periods of uncertainty. "Shaken out" means they've been scared off and sold their shares, like during NVDA's recent consolidation. Now, with fewer sellers, the stock might rise more easily as "strong hands" (committed holders) remain.
I am learning new things every day.
The reasoning seems correct. In the coming days, we shall see if it really is.
No comments:
Post a Comment