📊 Market Alert: AI-Driven Stocks in Overbought Territory
We've observed a striking phenomenon in the Nasdaq: AI-driven stocks, led by NVIDIA (NVDA) and Tesla (TSLA), have reached an all-time high in relative strength (RSI) at 76.6. The Nasdaq's RSI has also reached a 20-year high, indicating that these stocks are in extreme overbought territory. However, the presence of a golden cross (50-day MA > 200-day MA) suggests a medium-term uptrend. Notably, NVIDIA's RSI (56.1) ...
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