TheRoyceDupont

TheRoyceDupont

Continuing previous idea... PREVIOUS ANALYSIS

TheRoyceDupont

Linking previous short of NVDA. The right shoulder is technically not finished forming. However that trendline was tested not long ago.... will it hold? Who knows. First target would be ~$100. If this plays out there will likely be a larger mark down phase consisting of retail panic selling. This will push toward $80 with a possible shakeout near the low/mid...

TheRoyceDupont

Hello Traders, If we do not see NVDA rise about the $121-$124 level for a large amount of volume... we should see another leg down from this area... I am expecting NVDA to drop below $100 in the next 2 weeks. I personally believe by April this stock will see its bottom around $75. It may happen faster. Good luck.