Watch NVDA to see if it can break above the 206-208 resistance level - if so, it can run up to 208-213.
There is an 11 point move priced in this week for earnings, which could result in the price breaking down too.
Ideally, I would like to see NVDA break down below 189 - and back towards 180-177 supply zone before going long.
There is an 11 point move priced in this week for earnings, which could result in the price breaking down too.
Ideally, I would like to see NVDA break down below 189 - and back towards 180-177 supply zone before going long.
Note
Forgot to mention the Daily Chart looks similar to a double top pattern - with the neckline being the DEMAND ZONE!!! I called it a supply zone above - that was a typo error my apologoies.
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Disclaimer
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.