NVIDA - Persistent Downtrend Signals Further Declines

21 Jul

Generally, the Direction:
The overall direction is a downtrend, as evidenced by the price trading below the significant resistance levels of 125.45 and 118.28, and the downward-sloping trendline indicates persistent bearish pressure.

Downtrend Side:
The downtrend will be solidified if the price closes a daily candle below the critical support level of 109.78. This would likely trigger further downward movement. Upon breaking 109.78, the next psychological support level is at 100.00. Should the price continue to decline, it will likely test the strong support zone around 95.88. These levels are important as they represent previous areas of price consolidation and potential buying interest. A sustained break below these levels could lead to accelerated selling pressure, pushing the price even lower.

Uptrend Side:
To rise, the price must break above 118.28 and then 125.45, aiming for the higher resistance levels at 130.00 and 140.00, with a target of 150.00.

Tendency Keys: 118.28 and 125.45

28 Jul

Trading ditutup: target tercapai

Based on our analysis, the price continues to follow a bearish trend. It declined until reaching our target of 109.78, then reversed. Any break below 109.78, confirmed by the closing of a 1-day candle, will maintain the active bearish trend until it touches 95.88.

beware of the short rise as a correction