NVDA broke down and starting consolidating in what looks like to be a bear flag. Measured move puts it at 101.52, which is slightly below the 50 day SMA and slightly above the 20 week SMA.
Watch for RSI to get to oversold levels. I think we will bottom there (if it happens).
Note
Idea may be back in play. Was never invalidated by price exceeding high of pole.
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.