Interest rate sensitive Nasdaq composite index off from its 5 monthly gaining streak marked by strong economy projections reneging expected rate cut in June FOMC meeting.
NVDA and its peers from Semiconductor industry overall are continuing to follow market downtrend.
Note
It is currently off from Daily uptrend.Expecting for some resistance or pullback to happen around 0.5 retracement level - $809 price range.
Note
$800-$785 buy zone. TP1: $880
TP2: $920
TP3: $970
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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.