NVDA has gone through a great rise and we are currently entering a flat correction that should break further downwards given its increase since mid-October so we could see prices from $395 to $300 to see its correction completed.I am more inclined to see NVDA between $300-$350 in the coming weeks since the moving averages have not yet given a clear sign of a deep correction, but of a lateralization for its distribution process providing the opportunity for trades within the ranges previously established and for the moment we would be entering in shorts for day traders.
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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.