NVDA: What If It Corrects?
• NVDA is clearly bullish, as it is doing higher highs/lows, trading above the 21 ema, and the ema is pointing upwards;
• However, it appears it is doing a top sign today, which is acceptable (last month it did many top signals);
• The previous top level at $275.89 is supposed to work as a support, and if NVDA closes under this key point today, it might start another pullback to the 21 ema area;
• The 21 ema is close to the previous support at $258.50, and only if NVDA loses this key point, we might see a sharper correction in the weekly chart, possibily to the 21 ema:
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analysis!
• However, it appears it is doing a top sign today, which is acceptable (last month it did many top signals);
• The previous top level at $275.89 is supposed to work as a support, and if NVDA closes under this key point today, it might start another pullback to the 21 ema area;
• The 21 ema is close to the previous support at $258.50, and only if NVDA loses this key point, we might see a sharper correction in the weekly chart, possibily to the 21 ema:
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analysis!
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