NVDA possible slight positive rebound
We could say that NVDA is currently in a descending channel with resistance/support levels determined by volume peaks (seen in 1 day, 1 hour and 15 minutes timeframes) + order book data, this "downtrend" or "correction" can be a distribution phase.
In addition to that, we could find a minor creek that was tested, then punctured and finally perforated. With all this data in mind, it's possible for the stock to have a slight positive rebound on Monday, 5, August facilitating a possible intra-day operation, targeting the minor creek as a resistance.
Disclaimer: Content of this idea is for information and education purposes only and should not be treated as investment or trading advice.
In addition to that, we could find a minor creek that was tested, then punctured and finally perforated. With all this data in mind, it's possible for the stock to have a slight positive rebound on Monday, 5, August facilitating a possible intra-day operation, targeting the minor creek as a resistance.
Disclaimer: Content of this idea is for information and education purposes only and should not be treated as investment or trading advice.
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.
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.