Last Hope for Nvidia? Hold $129
Updated
While NVIDIA got new lower low from July, I think $129 is the key level for NVIDIA to hold.
Second is we need RSI to turn around so we can get a divergence.
Third is we need to get above the order block and hold above it.
This is only chance for bulls.
Second is we need RSI to turn around so we can get a divergence.
Third is we need to get above the order block and hold above it.
This is only chance for bulls.
Note
I see there is a bullish divergence. If Nvidia can hold $120, I think we could see a bounce to $140 and $150.Note
so Nvidia hit $136 then drop 20 points. Next targets would be $106 and $94.Note
On macro trend, I think Nvidia would get $50-75 some time in 2023. Last year I predicted this target and someone called me crazy. Once we hit this target, I think this is a lifetime opportunity to buy.Note
Forgot to add that $115 is a good support also. We can get out of here if it holds. Retest $120 maybe.
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