💣Nvidia (
NVDA) is now creating a top:
🔎Analysis summary:
📝Levels to watch:
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NVDA) is now creating a top:🔎Analysis summary:
Just a couple of days ago, Nvidia perfectly retested a major resistance trendline. Always in the past, such a retest was followed by a major move towards the downside. Therefore, Nvidia is preparing for a major drop, which could lead to another -25% drop in the future.
📝Levels to watch:
$180 and $140 and $100
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade active
💣Nvidia (NVDA) is slowly reversing:🔎Analysis summary:
After we recently witnessed a major retest of a major resistance on Nvidia, this stock clearly slowed down. Overall the trend is clearly starting to weaken, with the next major support sitting at about -25% lower. It will just take some time to get there.
📝Levels to watch:
$180 and $140 and $100
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade closed: target reached
💣Nvidia (NVDA) nicely plays out:🔎Analysis summary:
Well, so far Nvidia is just perfectly heading lower and lower. Yes, there is no massive selling pressure yet, but after such an incredible rally, institutions always need some consolidation first. Until Nvidia hits the next support, we can still see a -25% move.
📝Levels to watch:
$180 and $140 and $100
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
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#LONGTERMVISION
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.