NVIDIALong
NVDA likely to retest $120
NVDA Highlights:
- Correction pull back got support at FIb0.382
- Pull back structure (short term down trend) broke and making new higher high and lower high
- Insider sold shares worth 240M on 9/20 pushed down the price. However price holds and accumulation spotted between $115-$116 price range
- Oscillator makes higher high while price makes lower high (hidden bullish divergence)
Price prediction:
- If price break up $117 level and holds, next res is at $118.5 then $119.5-$120, $124 (60% chance)
- If price breaks down 115 level next targets are $113, $111-108.5$
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