As you can see there is alot of bearish rsi divergence which means NVDA is not done with the correction yet. Also it broke out of that pattern and now is coming down to that .382 fib line which is met with a gann fann line and alot of previous resistance.
When Support Trendline fails, SMA200 becomes target: $200-205
started buying at $58 only 25,000 shares sold half of them at $215
$NVDA recent highest closing has me interested in looking at the bigger picture chart. I myself believe there is another big break out coming before major consolidation. Key levels 219, 221, 224, 227, 232, 236, 241, 244. Could reach 270 within 6-8 months. Possibly could reach toward 325 by end of 2018!! Major growth company and has the machine learning / chips...
Loaded up on NVDA calls. Could gap up and see 185+ Feel free to comment if you have any input. Follow for more trade ideas, including stocks, options, and cryptos.
Market to enter strong bearish trend after long uptrend. 107-108 Resistance level, then bearish until 84.50, small bounce back before another bearish trend and hit support at 71-71.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron