NVDA - NVIDIA - Today is a decisive day!!!
Dear traders,
Today is a decisive day for NVIDIA as we will report at the close of the market the quarterly earnings (2Q), technically no reversal signals are reported, we are still in a general uptrend although in the last few weeks a correction has formed (as is normal). Depending on today this correction may end and therefore continue with the upward trend or prolong the correction, and may return to levels around $100 and in the worst case scenario to $75-80.
The report of these results will move the needle for technology companies and a large part of the investment funds as they have significant positions in NVIDIA and other highly correlated companies.
Best,
Today is a decisive day for NVIDIA as we will report at the close of the market the quarterly earnings (2Q), technically no reversal signals are reported, we are still in a general uptrend although in the last few weeks a correction has formed (as is normal). Depending on today this correction may end and therefore continue with the upward trend or prolong the correction, and may return to levels around $100 and in the worst case scenario to $75-80.
The report of these results will move the needle for technology companies and a large part of the investment funds as they have significant positions in NVIDIA and other highly correlated companies.
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.