$NVDAB , the market is eerily quiet.
Trading around $218
Barely moved in 24h, with weak volume
Analysis: Since opening at 217, it’s been drifting between 213 and 220, grinding back and forth within a seven-point range. Volume is weak, which suggests nobody is in a hurry to buy—or to get out. This kind of sideways action is actually the most frustrating: it looks calm, but the order book is so thin you can practically see through it. Honestly, don’t rush to add at this volume. Letting it consolidate sideways is just waiting for direction. A move up needs volume, and a drop needs volume too; right now, neither side has it. Of the first 50 on the routine watchlist, 38 have been observed. Leave the rest for now.
Are you holding a position or sitting on the sidelines?
Trading around $218
Barely moved in 24h, with weak volume
Analysis: Since opening at 217, it’s been drifting between 213 and 220, grinding back and forth within a seven-point range. Volume is weak, which suggests nobody is in a hurry to buy—or to get out. This kind of sideways action is actually the most frustrating: it looks calm, but the order book is so thin you can practically see through it. Honestly, don’t rush to add at this volume. Letting it consolidate sideways is just waiting for direction. A move up needs volume, and a drop needs volume too; right now, neither side has it. Of the first 50 on the routine watchlist, 38 have been observed. Leave the rest for now.
Are you holding a position or sitting on the sidelines?