Targeting the following short levels with a short entry off the 1.272 fibonacci. Should reject at the orange fib or the dark blue. This is the bear case scenario. Not financial advice.
Have a feeling we'll have an upside breakout from this wedge. Keep your eyes peeled. Breakout will determine direction. Not financial advice.
Based on the fibonaccis we should get a nice bounce back to the .5 fibonacci or the .786 fibonacci. Not financial advice
Could pull back from the .786 back down to $219 or $209 before ascending higher. NOT FINANCIAL ADVICE this is just how i observe price action responds to specific fibonacci levels.
We could see a bullish move around earnings time if we get a bullish breakout of the current wedge formation. Likewise if we see a bearish break below the wedge we will visit the next (and I believe last possible) fibonacci down before ascending back up.
As we can see here we should tap $114 before ascending higher into the current bull trend. We did tap $118 a few days ago so that MAY have been a bounce - but if you're still not long on NVDA I would take $114 as a solid long entry.
As we can see here there is a good chance we stay in this megaphone creating confluence with the lower fibonnacci. Would not go long on AMD until $120. Excellent entry IMO.
Looks like we had a bearish breakout below the wedge. Can see this pulling back to the .236 fibonacci. Short profit target $61.50. *DISCLAIMER* I will say this is possibly a high risk play as it looks like price action is pinned at the .382 which can also be a reversal point like the .236. That being said, if you are long this is not a bad place to DCA but I...
I can see this breaking below the wedge and pulling back to the .786 fibonacci. As always - wait for breakout before entering this specific type of wedge play. Use a stoploss -not financial advice
Currently in a wedge, breakout will determine direction. Hoping for the upside!
We have earnings tomorrow but friendly reminder that we did have a major breakout from a bullflag, all things held constant we should approach our profit targets nicely.
Possible double bottom here forming around the level 2 fib. Use a stoploss please. *this is not financial advice*
As we can see we had a reversal break below the rising wedge, short profit targets are the 1.272 fib and 1.618 fib. *This is NOT financial advice* USE A STOPLOSS PLEASE
As we can see there is a possible double bottom forming here. Profit targets are as shown. *this is not financial advice* Use a stoploss please
If support here holds at the .786 fib (light blue line) NVDA will see new ATH. Profit targets are as listed. Use a stoploss please. Also - May is historically good for semiconductors. Bullish! *this is not financial advice* please use a stoploss.
double top is facing rejection with the current triple bottom forming... profit target is 185. *This is not financial advice*
Scenario 1: M top, we'll go to $40 Scenario 2: stay in wedge until bullish breakout. Scenario 3: stay in wedge until bearish breakout, goes to $40 feeling bearish on it. *this is not financial advice*