TECHNICAL ANALYSIS: NVDIA Is currently in what I call 4X bear pattern meaning all 4 of our indicators are pointing in a bearish momentum decline in the stock. The linear regression indicator is decreasing, our money momentum "white line" is shifting lower we have a red dot representing a key ema crossover to the downside and our middle band on the dashboard has now switched over to red meaning bear market momentum. If this continues I can see NVIDA testing $177 by the end of week.
4X 🟢 Bull Pattern Confirmation Requirements
✅️ Linear Regression Indicator Increasing ✅️ Money Momentum Shifting Higher ✅️ Green Dot: Key EMA Crossover to Upside ✅️ Green Middle Band: Bull Market Momentum
4X 🔴 Bear Pattern Confirmation Requirements
🔻 Linear Regression Indicator Declining 🔻 Money Momentum Shifting Lower 🔻 Red Dot: Key EMA Crossover To Downside 🔻 Red Middle Band: Bear Market Momentum
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
@Hansdolo83, Completely, sitting at 179.54 as we speak is a strong level of support so let's see if we can get a bounce up. If not, I do think we can head lower to around $172. I'm currently up 7.56% on the NVDIA PUT option I bought after this post.