Nvidia (NVDA) is making new all-time high but neither daily traded volume, which is declining, nor the daily RSI (Relative Strength Index) are supporting the uptrend but instead showing divergence i.e., the uptrend is stretched and weakening.
To cancel the divergences an RSI close above the dashed horizontal line and rising traded volume are needed.
Weekly RSI is almost at 90 i.e., extremely overbought (it can only go to 100) but contrary to the daily time period there is no divergence indicating higher NVDA levels are likely after a likely correction.
The trend is your friend, and a top and reversal pattern should ideally be observed before a correction hits. But NVDA is ripe for a correction!
A correction should be fairly limited however, and not break below support around 366.35 before uptrend resumes with a possible move to the 1.618 projection just below 500.
Key support at around 374.75. A close below could lead to a sell-off down to 316.80 thuis trying to close teh gap.