This post forecasted the following (summary version): "Trading NVDA at the middle of its downtrend channel is tricky and uncertain, and should be avoided. Nevertheless, the overhead gap has a likelihood of being filled up to 150.00 USD. But the 8-day EMA will have to be recovered first. Ultimately, however, NVDA should see new lows—probably within a few weeks, and certainly with in a few months."
It appears that NVDA has confirmed that the bearish downtrend is valid. It just made a new low at 131.90 (at 3:29 EST in the US). The prior YTD low was 132.70.
So the portion of the forecast / analysis validating the downtrend and calling for new lows was correct.
The portion of the forecast / analysis calling for choppy, tricky price action with a gap directly overhead was not correct. It was reasonable to draw this conclusion, though, given how indices have been chopping a great deal, and given the gap overhead. It was also incorrect to conclude that NVDA did not present a good risk-reward directional trade in the middle of the channel given the choppiness and the gap-fill overhead—a short at the 8 EMA today might have worked out nicely thought shorting at the 8 EMA is on the aggressive side.
In any event, this author wrote that the 8 EMA must be reclaimed before the gap at 150 could be filled, and the 8 EMA was never reclaimed—price failed right at the 8 EMA on the daily chart.
Next few weeks: At this point, it seems likely that price is headed to even further new lows near the bottom of the parallel channel. Before the bottom of the channel there is strong support at 115-116, so that is a level to watch too.