Does NVDA have further Upside?

3 Sep 2023

NVDA had reached Fib level of 1.68% ($492). Unless the price decisively closes above $502 there seems to be no upside.
IMO the price move is parabolic since Jan 2023 and breach of $475 is detrimental for the stock. Below $475 next stop would be $445. We will revisit once price reached $445 or closes above $502.

In Intermediate term, I believe the price will reach $306

9 Sep 2023

Trade aktif

NVDA has decisively breached and closed below $475 and we are close to $445. Keep in mind the stock is holding on to the trend line from previous earnings. You can view it here tradingview.com/chart/a7t3ppKW/

Decisive Close below $452.36 will set a target of 434.98.
Targets below $434.98 are $419, $400.67, $373.46, $345.48.
On the upside the stock should find resistance at 473 and breaching it will set $492 as Target.

I would recommend reading this article about NVDA
themadking.com/article/nvidia-the-red-flags/