NVDA: Trading in a CRITICAL support level (again)!
• In our previous analysis, we nailed the bottom on NVDA, and it went up about 16%, until it gave us a top sign on Dec 13 – the link to our previous analysis on NVDA is below this post, as usual;
• Now, we must update our key points;
• First, there’s a new support area on NVDA, around the purple line + 21 ema. The trend is still bullish, as long as it stays above this dual-support level;
• Any bullish reaction above this dual-support level would be an opportunity to buy. So far, there’s no meaningful bottom sign;
• What if it loses the dual-support level? Then the next support is at $155, the second support is at $150. So far, there’s no evidence pointing to a downwards breakout as well;
• Therefore, it is time to wait, for either a clear bullish reaction, or a possible breakout of this dual-support. I’ll keep you posted on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
• Now, we must update our key points;
• First, there’s a new support area on NVDA, around the purple line + 21 ema. The trend is still bullish, as long as it stays above this dual-support level;
• Any bullish reaction above this dual-support level would be an opportunity to buy. So far, there’s no meaningful bottom sign;
• What if it loses the dual-support level? Then the next support is at $155, the second support is at $150. So far, there’s no evidence pointing to a downwards breakout as well;
• Therefore, it is time to wait, for either a clear bullish reaction, or a possible breakout of this dual-support. I’ll keep you posted on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.