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	Comments on: Stock Market &#038; Big Tech Stock Analysis 4-24-24	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Thu, 25 Apr 2024 14:53:45 +0000</lastBuildDate>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31762</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Thu, 25 Apr 2024 14:53:45 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31758&quot;&gt;tslamoon2022&lt;/a&gt;.

First, divergences (bullish or bearish) are absolutely not requirements for a major bottom, top, or even a tradable correction/rally.

With that being said, NVDA has clear negative divergence on the weekly PPO and what isn&#039;t technically but effectively is divergence on the RSI as the weekly RSI has made an ever-so-slightly higher high above the previous high that started at the same point the PPO divergence started June/July 2023).

The essence of divergence is when prices are making higher highs while the momentum indicators are making lower or equal highs, which is effectively (close enough) the case on the weekly RSI of NVDA right now.

Even then &amp; still keeping my first sentence in mind, I&#039;ve seen plenty of times where a stock or index only had divergence on one of the momentum indicators &amp; a major trend change followed. Better to see clear divergence on both the PPO &amp; RSI? Yes. Absolutely required to see a trend change? No.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31758">tslamoon2022</a>.</p>
<p>First, divergences (bullish or bearish) are absolutely not requirements for a major bottom, top, or even a tradable correction/rally.</p>
<p>With that being said, NVDA has clear negative divergence on the weekly PPO and what isn&#8217;t technically but effectively is divergence on the RSI as the weekly RSI has made an ever-so-slightly higher high above the previous high that started at the same point the PPO divergence started June/July 2023).</p>
<p>The essence of divergence is when prices are making higher highs while the momentum indicators are making lower or equal highs, which is effectively (close enough) the case on the weekly RSI of NVDA right now.</p>
<p>Even then &#038; still keeping my first sentence in mind, I&#8217;ve seen plenty of times where a stock or index only had divergence on one of the momentum indicators &#038; a major trend change followed. Better to see clear divergence on both the PPO &#038; RSI? Yes. Absolutely required to see a trend change? No.</p>
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		<title>
		By: tslamoon2022		</title>
		<link>https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31759</link>

		<dc:creator><![CDATA[tslamoon2022]]></dc:creator>
		<pubDate>Thu, 25 Apr 2024 06:42:05 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31758&quot;&gt;tslamoon2022&lt;/a&gt;.

Also when you showed divergences on META it looked like the RSI wasn&#039;t divergent on that weekly chart either?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31758">tslamoon2022</a>.</p>
<p>Also when you showed divergences on META it looked like the RSI wasn&#8217;t divergent on that weekly chart either?</p>
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		<title>
		By: tslamoon2022		</title>
		<link>https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31758</link>

		<dc:creator><![CDATA[tslamoon2022]]></dc:creator>
		<pubDate>Thu, 25 Apr 2024 06:34:56 +0000</pubDate>
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					<description><![CDATA[&lt;a class=&quot;bp-suggestions-mention&quot; href=&quot;https://rightsideofthechart.com/members/rsotc/&quot; rel=&quot;nofollow ugc&quot;&gt;@rsotc&lt;/a&gt; NVDA weekly chart clearly shows the recent high on the weekly is not divergent on the RSI.  Unless I am missing something.]]></description>
			<content:encoded><![CDATA[<p><a class="bp-suggestions-mention" href="https://rightsideofthechart.com/members/rsotc/" rel="nofollow ugc">@rsotc</a> NVDA weekly chart clearly shows the recent high on the weekly is not divergent on the RSI.  Unless I am missing something.</p>
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		<title>
		By: Mikeflegel		</title>
		<link>https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31757</link>

		<dc:creator><![CDATA[Mikeflegel]]></dc:creator>
		<pubDate>Thu, 25 Apr 2024 02:27:50 +0000</pubDate>
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					<description><![CDATA[Even though it was a Zuckerberg missed fueled the money money bank today.It was our own Randy Finney.That told us to get short one more time. Pow ten percent. Keep it up nice and early in pre market. Keep it c oming.]]></description>
			<content:encoded><![CDATA[<p>Even though it was a Zuckerberg missed fueled the money money bank today.It was our own Randy Finney.That told us to get short one more time. Pow ten percent. Keep it up nice and early in pre market. Keep it c oming.</p>
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		<title>
		By: Koolmoto		</title>
		<link>https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31756</link>

		<dc:creator><![CDATA[Koolmoto]]></dc:creator>
		<pubDate>Wed, 24 Apr 2024 21:29:58 +0000</pubDate>
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					<description><![CDATA[Awesome trades Randy! I went pretty heavy into 1DTE OTM puts today. Looks like they may print some nice gains tomorrow. I’ve been having better luck with options lately (over futures) with the volatility and things moving so fast.]]></description>
			<content:encoded><![CDATA[<p>Awesome trades Randy! I went pretty heavy into 1DTE OTM puts today. Looks like they may print some nice gains tomorrow. I’ve been having better luck with options lately (over futures) with the volatility and things moving so fast.</p>
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		<title>
		By: Mikeflegel		</title>
		<link>https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31755</link>

		<dc:creator><![CDATA[Mikeflegel]]></dc:creator>
		<pubDate>Wed, 24 Apr 2024 20:50:35 +0000</pubDate>
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					<description><![CDATA[Smashed it up thirty five hundred and after hour.]]></description>
			<content:encoded><![CDATA[<p>Smashed it up thirty five hundred and after hour.</p>
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		<title>
		By: stockninja		</title>
		<link>https://rightsideofthechart.com/stock-market-big-tech-stock-analysis-4-24-24/#comment-31752</link>

		<dc:creator><![CDATA[stockninja]]></dc:creator>
		<pubDate>Wed, 24 Apr 2024 20:29:51 +0000</pubDate>
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					<description><![CDATA[Resident trolls how you guys doing now??? ??]]></description>
			<content:encoded><![CDATA[<p>Resident trolls how you guys doing now??? ??</p>
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