Matrix Fibonaccis / Genesis Fibonaccis
Matrix Analysis:
NVDA Support at the Monthly Golden Zone at 292.39
NVDA Resistance at the Monthly 1.27 at 330.79
NVDA Quarterly 4.618 overhead at 333.18
NVDA crossed Genesis Fibonacci level 2207.07 at 322.69
322.69 will likely become a strong support or an important orbit level over the long term.
Recommendation: Set alerts at this level to go off anytime prices interact there.
Next Genesis Fibonacci level at 521.91.
Could see this level in a year or two.
298.22 is also an important level for NVDA. On deeper pullbacks, this can act as the orbit level.
Recommendation: Buy calls at any pullbacks to sub-300s, pending confirmation. Red to green on a 130 minute chart should suffice.
In the event of a flash crash NVDA would find support at 251.46, 228.19, and 199.57
The one minute Genesis Fibs (purple lines) are showing exquisite interaction with price.
327.01, 320.74, 316.87, 314.47 are all important pivot/orbit points. The lower the price, the harder the potential swing back, since all the fibs above will act together as a pull upward.
Recommendation: Red to green on a 10 - 30 minute chart at any of these levels should be profitable
Summary:
Key Levels:
292.39 Monthly Golden Zone Support
298.22 Deeper pullback level
304.33 2.618 Genesis-1min (Resistance turned Support)
314.47 Genesis 4.236 1-min (Resistance turned Support)
330.79 6.85 Genesis-1min (Resistance)
322.69 Genesis 2206.07 (Set Alerts Here for Orbits)
333.18 (Breakout/Topout Level)
341.95 (Topout Level)
348.22 (Topout Level)
521.91 Next Major Genesis Fibonacci Level (2 Year Target)
Flash Crash Levels 251.46, 228.19, 199.57
Recommendation: Pay attention to the levels above and below current price, whatever that may be.
As of 11/20:
333.18 Next level Up
341.95 Next Level Up
330.88 Current Resistance
322.69 Key Level
316.87 -Next Level Down
314.47 - Next Level Down
NVDA Support at the Monthly Golden Zone at 292.39
NVDA Resistance at the Monthly 1.27 at 330.79
NVDA Quarterly 4.618 overhead at 333.18
NVDA crossed Genesis Fibonacci level 2207.07 at 322.69
322.69 will likely become a strong support or an important orbit level over the long term.
Recommendation: Set alerts at this level to go off anytime prices interact there.
Next Genesis Fibonacci level at 521.91.
Could see this level in a year or two.
298.22 is also an important level for NVDA. On deeper pullbacks, this can act as the orbit level.
Recommendation: Buy calls at any pullbacks to sub-300s, pending confirmation. Red to green on a 130 minute chart should suffice.
In the event of a flash crash NVDA would find support at 251.46, 228.19, and 199.57
The one minute Genesis Fibs (purple lines) are showing exquisite interaction with price.
327.01, 320.74, 316.87, 314.47 are all important pivot/orbit points. The lower the price, the harder the potential swing back, since all the fibs above will act together as a pull upward.
Recommendation: Red to green on a 10 - 30 minute chart at any of these levels should be profitable
Summary:
Key Levels:
292.39 Monthly Golden Zone Support
298.22 Deeper pullback level
304.33 2.618 Genesis-1min (Resistance turned Support)
314.47 Genesis 4.236 1-min (Resistance turned Support)
330.79 6.85 Genesis-1min (Resistance)
322.69 Genesis 2206.07 (Set Alerts Here for Orbits)
333.18 (Breakout/Topout Level)
341.95 (Topout Level)
348.22 (Topout Level)
521.91 Next Major Genesis Fibonacci Level (2 Year Target)
Flash Crash Levels 251.46, 228.19, 199.57
Recommendation: Pay attention to the levels above and below current price, whatever that may be.
As of 11/20:
333.18 Next level Up
341.95 Next Level Up
330.88 Current Resistance
322.69 Key Level
316.87 -Next Level Down
314.47 - Next Level Down
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.