NVDA update on how price action is looking like compared to the last post. We mainly saw price stalling out around $120 after the gap was made, and then a anticipation for movement back to resistance.
After analyzing how buyers did over time we expect more strength in sellers as buyers lost a bit of steam and also created lower highs.
Could imagine a selloff back to $100 then a quick move back up to resistance once again. A bit too soon to tell but will keep an eye out.
Note
Price touched $100 briefly and still expecting further selling in the future.
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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.