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NVDA Set To Decline

155
NVDA has been trending down since before their earnings call. Even though the drop might not be significant, I am using trend lines and Fibonacci levels to determine a minimal drop. The most likely drop that conforms with the trends and Fib retracement levels is at least to 160.82. If it goes beneath this level and below the trendline, A more significant drop would be in the making. It is possible the stock could drop further to 147.07. Anything beyond this should be (but probably won't) a major red flag for traders.
StockSignaler
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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FibonacciFibonacci RetracementlimitlesslifeskillsNVDAnvidiashortSupport and ResistanceTrend Lines

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FibonacciFibonacci RetracementlimitlesslifeskillsNVDAnvidiashortSupport and ResistanceTrend Lines
StockSignaler
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
Juga di:

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.