Hello Traders and Investors, today I will take a look at Nvidia.
--------
Explanation of my video analysis:
For more than 6 years Nvidia stock has been trading in a pretty obvious rising channel formation. At the moment Nvidia stock is actually retesting the upper resistance trendline. Considering that Nvidia stock also rallied 650% over the past couple of months, it is quite likely that we will see at least a short term correction towards the downside, retesting the previous all time high.
--------
Keep your long term vision,
Philip (BasicTrading)
--------
Explanation of my video analysis:
For more than 6 years Nvidia stock has been trading in a pretty obvious rising channel formation. At the moment Nvidia stock is actually retesting the upper resistance trendline. Considering that Nvidia stock also rallied 650% over the past couple of months, it is quite likely that we will see at least a short term correction towards the downside, retesting the previous all time high.
--------
Keep your long term vision,
Philip (BasicTrading)
👇Learn how to swing-trade👇
www.basictrading.net/elite-program
- - - - - - - - - - - -
Keep your long term vision.
www.basictrading.net/elite-program
- - - - - - - - - - - -
Keep your long term vision.
And there is still some room towards the downside!