Bull Case: Cup & Handle Target $585-$605
Mixed signals bullish chart patterns and bearish chart patterns together! A bulflag and a rising wedge. A double bottom is required along the rising wedge if it is to provide bullish continuation. If not a breakdown will occur post breakout of the bullflag!
NVDA has formed a perfect double bottom on the weekly and daily TF. Semiconductors are performing well after truce between US-China trade wars. Enter at current price for a nice 1:3 risk-reward ratio, or wait further retracement towards major support of 120 for a much bigger risk-reward. TAYOR
Nvidia reports tomorrow, if doesn't beats estimates, it surely gonna finish de head patron, making a buy entrance (if trade-war alow it) at $144...#PATIENCE #royglvn
Wave count is over. Extended 5th = 1.618x Waves 1-3. Nvidia has been bouncing in the $265 range for quite some time and cannot break above. We have multiple indicator divergences.16% - 30% downside from last close. Short this down to $170 - $210 then enter long. Good Luck