Middle term view of NVDA price action if correction continuous (based on fib levels)
1) Over all market is overvalued as well as NVDA stock;
2) everyhing priced in already;
3) Lot's of moonbois fomo and gamblers are in which is main bearish signal;
4) we have uncertainty about Trump, he's an as=hole and everybody knows it;
5) geopolitical problems and wars around the world;
6) Bearish divergence on weekly TM;
7) No volume, pure pump by MM's;
8) Fakeout previous ATH;
Just a little food for thought,
make decision yourself
wish you lucky and all the best
1) Over all market is overvalued as well as NVDA stock;
2) everyhing priced in already;
3) Lot's of moonbois fomo and gamblers are in which is main bearish signal;
4) we have uncertainty about Trump, he's an as=hole and everybody knows it;
5) geopolitical problems and wars around the world;
6) Bearish divergence on weekly TM;
7) No volume, pure pump by MM's;
8) Fakeout previous ATH;
Just a little food for thought,
make decision yourself
wish you lucky and all the best
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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.
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.