Nvidia - The Chart Just Told Us So!

Apr 8

Nvidia (NVDA) might just still head a little lower:



Click chart above to see the detailed analysis👆🏻

After Nvidia perfectly retested the previous rising channel resistance just a couple of months ago, it was quite expected that we'll see a retracement. The overall trend however still remains bullish and if Nvidia drops a little more, the overall bullrun continuation rally might just follow.

Levels to watch: $80

Keep your long term vision,
Philip (BasicTrading)

Apr 16

Trade active

Trading update on Nvidia (NVDA):



Click chart above to see the detailed analysis👆🏻

Well, Nvidia is shaking out all the weak hands once again with quite a lot of volatility on the smaller timeframe. But as I mentioned above, the overall trend remains bullish and even if Nvidia just drops a little more, the bullish reversal will follow right away.

Levels to watch: $80

Keep your long term vision,
Philip (BasicTrading)

Apr 23

Trade closed: target reached

Trading update on Nvidia (NVDA):



Click chart above to see the detailed analysis👆🏻

Yes, Nvidia did not perfectly retest the previous channel support trendline yet. However bulls are starting to step in at a minor previous horizontal structure so if Nvidia actually manages to create any kind of bullish confirmation soon, the bottom might (finally) be created.

Levels to watch: $80

Keep your long term vision,
Philip (BasicTrading)