NVDA just completed its W-3 of its move off the March 8 low. Now it needs time to rest. Im seeing bearish divergences in RSI and MACD, indicating that the uptrend is becoming exhausted. Fibonacci extension targets have been reached. I own NVDA, and have sold covered calls against my position to protect my downside. The buy zone is 248-258. Longterm, this stock should be 400+ by EOY.
Note
buy zone target achieved
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.