I know it is very brave of me to call a top in
NVDA
here with all is going on in AI right now. But I can only analyse what the market is telling me right now.
And the market is telling me that a top might be in place. And here are 5 reasons why :
1. Fibonacci golden ratio on a weekly timeframe we are almost there. We see how the golden ratio it's splitting the 5 waves impulse up.
Even in Wave 5 we have a Fibonacci Golden ratio. This time is 0.618/0.382. They all point out to the same zone.
2. Bearish divergence between the price and MACD- Histogram and MACD lines
3.Kangaroo tail
The last bar is a sign of worry for the bulls.
4. Outside upper channel line
5. Quite a gap to the value zone. Which on a daily is between $675-$716.
and as bonus reason Steve Weiss just bought NVDA
Of course there are a few reasons for the bulls as well. and NVDA could go to the Moon.
What do you think. Bull or bear here?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purpose and does not serve as financial advice.
And the market is telling me that a top might be in place. And here are 5 reasons why :
1. Fibonacci golden ratio on a weekly timeframe we are almost there. We see how the golden ratio it's splitting the 5 waves impulse up.
Even in Wave 5 we have a Fibonacci Golden ratio. This time is 0.618/0.382. They all point out to the same zone.
2. Bearish divergence between the price and MACD- Histogram and MACD lines
3.Kangaroo tail
The last bar is a sign of worry for the bulls.
4. Outside upper channel line
5. Quite a gap to the value zone. Which on a daily is between $675-$716.
and as bonus reason Steve Weiss just bought NVDA
Of course there are a few reasons for the bulls as well. and NVDA could go to the Moon.
What do you think. Bull or bear here?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purpose and does not serve as financial advice.