NVDA eyes on $689.21: a "Very High Gravity" fib
Updated
This is a follow up to my $689 call posted here (click).
NVDA is currently testing a "Golden Genesis" fib at 689.12.
Strength in the chip sector indicates it will continue higher.
But expecting a pullback first, or "Orbit" this fib a few times.
Ultra Bulls might place their stop-loss just below this.
Trader Bulls might sell some here to buy back lower.
Late Bulls might look for a break and retest to enter.
Here is a full view of its "Genesis Sequence":
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NVDA is currently testing a "Golden Genesis" fib at 689.12.
Strength in the chip sector indicates it will continue higher.
But expecting a pullback first, or "Orbit" this fib a few times.
Ultra Bulls might place their stop-loss just below this.
Trader Bulls might sell some here to buy back lower.
Late Bulls might look for a break and retest to enter.
Here is a full view of its "Genesis Sequence":
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Note
Here we are again: 689.21 retesting as expected.
Zoom in (3 min)
notice the interaction with red zone.
Also notice the piercing of the golden fib.
So likely we orbit this fib for a while.
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