NVIDIAShort
Does NVDA have further Upside?
Updated
NVDA had reached Fib level of 1.68% ($492). Unless the price decisively closes above $502 there seems to be no upside.
IMO the price move is parabolic since Jan 2023 and breach of $475 is detrimental for the stock. Below $475 next stop would be $445. We will revisit once price reached $445 or closes above $502.
In Intermediate term, I believe the price will reach $306
IMO the price move is parabolic since Jan 2023 and breach of $475 is detrimental for the stock. Below $475 next stop would be $445. We will revisit once price reached $445 or closes above $502.
In Intermediate term, I believe the price will reach $306
Trade active
NVDA has decisively breached and closed below $475 and we are close to $445. Keep in mind the stock is holding on to the trend line from previous earnings. You can view it here tradingview.com/chart/a7t3ppKW/Decisive Close below $452.36 will set a target of 434.98.
Targets below $434.98 are $419, $400.67, $373.46, $345.48.
On the upside the stock should find resistance at 473 and breaching it will set $492 as Target.
I would recommend reading this article about
NVDA themadking.com/article/nvidia-the-red-flags/
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