🔸️Ticker Symbol: NVDA 🔸️Timeframe: 4 Hour🔸️Investment Stratey: Short
TECHNICAL ANALYSIS: NVDA is currently selling off in the market but could potentially see a bounce play incoming. The largest level of support for NVDA sits at about $166. This area also acts as a bottom deviation level on our bull Regression Trend Indicator.
If we take a look at our bottom dashboard we can see that our white line representing Money Momentum is still shifting out of the market and not yet making a higher low. We also have our middle band showing red meaning Bear Market Momentum. This is why I believe we could potentially see a test of $166 before a bounce play back upwards. Please let me know your personal investment strategy and thanks for following!
🔔 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.
TECHNICAL ANALYSIS: NVDA is currently selling off in the market but could potentially see a bounce play incoming. The largest level of support for NVDA sits at about $166. This area also acts as a bottom deviation level on our bull Regression Trend Indicator.
If we take a look at our bottom dashboard we can see that our white line representing Money Momentum is still shifting out of the market and not yet making a higher low. We also have our middle band showing red meaning Bear Market Momentum. This is why I believe we could potentially see a test of $166 before a bounce play back upwards. Please let me know your personal investment strategy and thanks for following!
🔔 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.