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Realamh
Sep 22, 2023 12:01 AM

NVDA: Monstrous Gap Fill! Short

NVIDIA CorporationNASDAQ

Description

Today marks the first day of NVDA breaking under its year long trendline. However, the volume is not impressive, so there is a high change that it will retest the trendline marked by the yellow line. If the retest fails, I am expecting another 22% percent drop from current levels to $318 by late October to mid November. Our target is where 200ma meets the bottom of the Gap created back in April 2023.
Comments
Jianto
Gonna be a bounce upwards to retest $440 yeah and then it will continue the downtrend
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