NVDA has its very mature uptrend in an exhausted five-wave cycle on 3-month candles. It is currently developing a shooting star at all-time highs.It is highly likely to develop a corrective pattern in its long-term uptrend. Probably in a wave A, B, C pattern. The top of the previously broken bullish channel, its accelerated trendline and the level of 61.8% of Fibonnaci constitute the target of this correction ($195).
Large bearish divergence with RSI indicator
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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.