Strong Bearish Divergence Points to Potential NVIDIA Downturn
Another setup for NVIDIA based on a pronounced hidden bearish divergence.
We have specified a minimum price target here. The divergence is very pronounced, so there is a very high probability that the NVIDIA share price will dip below USD 100 again.
We have specified a minimum price target here. The divergence is very pronounced, so there is a very high probability that the NVIDIA share price will dip below USD 100 again.
Note
Here, the stop of the original idea was set too tight, as NVIDIA already opened around 2$ above Friday's closing price (the analysis was prepared on Saturday when the market was closed).
As the divergences persist, the short idea remains valid.
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.