Fib Levels on NVDAI'm wondering if the market needs to know the earnings before NVDA can decide which side of the 2.36 coefficient it wants to move on.
i am long on this stock, but i also can't think of any reason why it should sell off. It isn't overvalued any more than AMD. INTC being up with this down is confusing to me though I admit.
One thing I dislike about the markets are the way that sentiment drives everything.
If enough people think this stock should go down, it will.
Whipsaw price action seems to come from a chronic over/under valuation of a stock or sector.
I don't know what took the wind out of NVDAs sails, but I see Bitcoin rising which has shown a high correlation coefficient lately.
I think earnings will be a beat as their products sell with near infinite demand.
They are needed more than ever by all sorts.