Nvidia - The tide is (finally) turning!

Jul 30, 2024

NVDA is about to create a bearish reversal which will lead to a -60% correction!



Charts just don't lie at all - instead fundamentals are always an illusion. Nvidia was retesting a major resistance trendline and is starting a significant bearish reversal. Nothing changed fundamentally but Nvidia is already down -25% over the past couple of days. This is just the beginning of another potential bear market, like we saw it back in 2018 and 2021...

Levels to watch: $55

Keep your long term vision,
Philip - BasicTrading

Aug 1, 2024

Note

Quick update on Nvidia:

I just have to repeat these words again and again: Don't get caught up in the short term moves! Nvidia is still starting a move lower so rallies of +10% in one single day will not change this destiny. The higher timeframes are still clear!

Levels to watch: $110, $55

Aug 7, 2024

Note

Quick update on Nvidia:

Over the past two months, Nvidia lost more than 30% of the value of the entire company. And even though we are talking about billions of Dollars, I think that Nvidia can still lose another -40% until it will finally retest a bullish support level...

Levels to watch: $55



Click chart above to see the detailed analysis