NVIDIA - Correction after stock split?

11 Jun

NVDA has been one on the strongest stocks of the past decade with a rally of +25.000%.



Today, Nvidia had a stock split of 1:10, meaning that for every 1 share of Nvidia, you recieved another 9 shares (10 in total). Therefore, Nvidia stock price was simply divided by 10 ($1.200 / 10 = $120). Nvidia stock is currently retesting a major resistance trendline and is repeating another "cycle pattern" like we saw in 2015 and 2019. A correction is simply quite likely.

Levels to watch: $120, $50

Keep your long term vision,
Philip - BasicTrading

21 Jun

Catatan

Quick update on Nvidia:

Volatility on Nvidia is definitely picking up. We just witnessed a drop of -10% in a couple days, perfectly rejecting the resistance trendline. Just remember that we have another trading week until the monthly candle closes. Be careful!

Levels to watch: $130