Hello friends, here is a fresh NVDA update. The structure has become quite clear. NVDA should be heading to the 190-210 region. I find it most probable that it will bottom at 200, because that is where the .5 fib retracement lies from this larger degree move. After this, it should move towards 400+ through the rest of the year. Good luck traders :)
The structure for NVDA is becoming more clear. It looks like we have one final low to make to about the 230 region to fill the gap. At that juncture, I will "back up the truck". Very bullish setup moving forward.
NVDA showing sellers not happy with earnings growth announcement for GPU, however relates to trade war and slump in electronics.
This could be great bargain watch as GPU need for AI, self-driving cars, and many other high growth tech area's. Watch or short.
Sell or Hold, what's your thoughts? $138 sell for lower entry on DPO day chart. await LONG...
Good morning, Bullish Benji Fanatics!
Another Chart analysis here.. by the prophet, the Winged bandit himself, the one and only, Bullish Benji.
NVDA has been struggling as of late breaching 250 then retreating back lower multiple times which has indicated a sell signal to most investors..
However, Benji is not one of those investors. NVDA did fail to breakout...
As you can see there is alot of bearish rsi divergence which means NVDA is not done with the correction yet. Also it broke out of that pattern and now is coming down to that .382 fib line which is met with a gann fann line and alot of previous resistance.
$NVDA recent highest closing has me interested in looking at the bigger picture chart. I myself believe there is another big break out coming before major consolidation. Key levels 219, 221, 224, 227, 232, 236, 241, 244. Could reach 270 within 6-8 months. Possibly could reach toward 325 by end of 2018!! Major growth company and has the machine learning / chips...
