Strength in the chart:
1. Changes in trend with high volume Sell-Off
2. High volume spring at support
3. To test resistance soon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and...
Good week everyone,
Good week for nvidia users, are you enjoying playing minecraft on your RTX 2080 TI SLI on 4k so far? I do hope so =)
Lets take a look on our NVDA stock, we can see on the history that NVDA pretty much rallied up from dips toward ATH on 292 usd level and then a HUGE SELL OFF toward 125usd zone losing 56% of value!
So what now?
Now,...
Well the rally didn't go so well, which you can review here:
Instead we can look for a continuation of the trend as the bearish bias is very strong. A confirmation of the trend will force many dip buyers to sell.
Selling NVDA has been a good trade,...
After the recent surge it's right in the middle of a bearish gartley PRZ. If it blows past 175 then the gartley is invalidated and it'll likely head to 190+ for gapfill and completion of rev H&S. However I'm seeing some bearish divergence on RSI on this recent rise and it's still in a distribution trend despite price having rallied. My hunch right now is that it...
as you seen in our chart :
- NVDA share is targeting 212 to complete the harmonic bat pattern
- the share broke the moving average 50 which is give us additional reason to buy
- the best price to buy when the price retest moving 50.
Good luck
Time has been consumed from first outlook within the non-trend zone between 256.14 to 134.86, swapping to the 2nd high probability iteration. Price is currently moving inside the attractor and the high probability area, being the green zones, the overlapped attractors for the 2 different wave´s degrees.
$NVDA tried to advance today but met sellers. If she can break out from this saucer bottom, she could run a long way given the thin vloume that was traded on the way down.
Earlier this year we prepared and then shorted nVidia after discovering the technical bubble:
This bubble is now in the process of bursting. However, nothing goes to heck in a straight line, and we may have an opportunity to get long for a rebound trade before the stock continues its...
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). It operates through two segments: GPU and Tegra Processor. Its GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. Its Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core central processing units (CPUs) to drive supercomputing for mobile gaming and entertainment devices, as well as autonomous robots, drones and cars. The Company's processor has created platforms that address four markets: Gaming, Professional Visualization, Datacenter, and Automotive. Its offerings include NVIDIA DGX AI supercomputer, the NVIDIA DRIVE AI car computing platform and the GeForce NOW cloud gaming service.
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NASDAQ:NVDA
