maskdmessenger

Is NVDA heading toward 162$?

Short
NASDAQ:NVDA   NVIDIA Corporation
The past few weeks, the markets have been extremely volatile. Some are arguing we are in a bear marker, others still convinced on this being a correction.

Regardless your side on that, NVDA is in a clear descending triangle , which is text book bearish , and you can argue almost every tech stock including qqq and spy have formed a major head and shoulders topping pattern.
The sentiment is very bearish right now and today we closed in bear market territory(down 20% from the high). We also closed the day, on multiple tech stocks including the etfs, with a death cross on the daily.

Textbook profit target based on the base of the triangle would be about a 50$ move to 162$. There are multiple stocks forming this pattern and I will upload some of them after this.

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