PaperBozz

$NVDA - Where can it go?

BATS:NVDA   NVIDIA
NVDA (NVIDIA) Finally, the double top did it in! It is on the edge of the gap that was left behind after the last earnings report (ER).

It would be a good entry if it drops to the 50% Fibonacci retracement and fills the gap. With the RSI (Relative Strength Index) being close to oversold, I am not sure if it will fully close the gap.

The full measured move of the double top is the $720 area. So, I am watching that area for any signs of stabilization.

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