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Nvidia - Struggling at the highs!

NVIDIA (BATS:NVDA)  
basictradingtv Updated   
BATS:NVDA   NVIDIA
Trend Analysis Chart Patterns Beyond Technical Analysis nvidia semiconductors nvidia_analysis channeltrend NVDA alltimehigh nvidiacorporation tradingsetup nvda_analysis
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trendanalysis chartpattern beyondta nvidia semiconductors nvidia_analysis channeltrend nvda alltimehigh nvidiacorporation tradingsetup nvda_analysis
Hello Traders and Investors, today I will take a look at Nvidia.

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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.

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Keep your long term vision,
Philip (BasicTrading)
Comment:
Well guys, here you go - Nvidia down -8% in a single day...

And there is still some room towards the downside!

snapshot
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Keep your long term vision.
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