As I look at the price action of this stock, and the chart in particular, I currently see two things in April 2024; one is double top over 4-5 sessions, which could cause an imminent drop to mid 700s and beyond, the second is the lunge to 758 a very key area of resistance that was support which could push this to the next leg. As earnings approach, this could struggle to set off until then, with buyers such as TSLA and META, to name a few. NVDA is positioned to take this step and push forward onto that next level, but with obstacles in the way and not by overnight success.
Zooming into YTD year-to-date data, look for the double top continuation or reversal to 858 and beyond from the daily.
I hope this helps and generates some sort of traction.
Zooming into YTD year-to-date data, look for the double top continuation or reversal to 858 and beyond from the daily.
I hope this helps and generates some sort of traction.