I believe NVIDIA has topped out for now. The inverse head and shoulders looks to have played out nicely for the bulls. Im currently looking to short back down to the $270 area. Ill play it level by level by using fibs and volume support along the way.
Long term - My lowest target price is around $130-$150. Hard to say if we get there since its so far away but it may be a great place to accumalate. $195 could also have great support and maybe the bottom as well. I also like to use EMAs so the 50 ema on the Monthly timeframe may also provide macro support as well. As of today that purple EMA sits right around $162.
Long term - My lowest target price is around $130-$150. Hard to say if we get there since its so far away but it may be a great place to accumalate. $195 could also have great support and maybe the bottom as well. I also like to use EMAs so the 50 ema on the Monthly timeframe may also provide macro support as well. As of today that purple EMA sits right around $162.