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NVIDIA

$nvda Capitulation? Last line of support! NVIDIA

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NVDA is on its last leg of support, if it loses this area we are looking at $115 as the next support level

HOWEVER, I'm spotting signals of capitulation as I highlighted in yellow - steep decline with elevated volume.
In the past NVIDIA usually bounces after this type of price action and we have now touched the bottom of this descending supportive channel that its respected since last summer.

Fear is looming. Are you buying this blood?
ChaldeaCode
Also on:
Chart PatternsTechnical IndicatorsNVDAnvda_analysisnvidiasemiconductorsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) TECHTrend Analysis

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Chart PatternsTechnical IndicatorsNVDAnvda_analysisnvidiasemiconductorsSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) TECHTrend Analysis
ChaldeaCode
Also on:

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.