Nvidia - Still a correction?
Updated
Hello Traders and Investors, today I will take a look at Nvidia.
--------
Explanation of my video analysis:
Over the course of the past seven years, Nvidia stock has been trading in a pretty obvious rising channel formation. As we are speaking, Nvidia stock is approaching once again the upper resisance trendline. However this does not mean that we will see an immediate correction of -50%; it is rather important to monitor price action and wait for the right opportunity.
--------
Keep your long term vision,
Philip (BasicTrading)
--------
Explanation of my video analysis:
Over the course of the past seven years, Nvidia stock has been trading in a pretty obvious rising channel formation. As we are speaking, Nvidia stock is approaching once again the upper resisance trendline. However this does not mean that we will see an immediate correction of -50%; it is rather important to monitor price action and wait for the right opportunity.
--------
Keep your long term vision,
Philip (BasicTrading)
Comment
Seems like Nvidia is not respecting the rules of gravity lol ;)Will be quite interesting to see how the monthly candle closes - resistance ahead...
Comment
Well, what is happening here, any thoughts?Seems like Nvidia is the mother of all bullish price action...
👇🏻Free "Trading Newsletter"👇🏻
Click here: basictrading.net
- - - - - - - - - - - -
Keep your long term vision.
Click here: basictrading.net
- - - - - - - - - - - -
Keep your long term vision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.