My dear friends, a classic "bounce" has been produced on the NVDA stock. Prices moved up three week straight after the initial drop. Trading volume continues to decrease (bearish).
➖ The current session has a long upper wick (bearish).
➖ The current session is really small compared to the previous two; loss in bullish momentum (bearish).
➖ The week is about to end on a bearish note (bearish).
Since we have a major low early August and now we are seeing the creation of a lower high, we can expect a lower low next.
👉 The targets for the lower low are as follows: 77.7, 60.6 or 44.4.
Pick yours...
➢ 77.7 is the main target with 60.6 do-able and possible.
➢ 44.4 Is less likely right now and too early to call.
We will see how the market acts, reacts and develops in the coming days.
We will give you an update if there is any change.
Thank you for reading.
Your support is truly appreciated.
Remember to boost and comment for more.
Namaste.
➖ The current session has a long upper wick (bearish).
➖ The current session is really small compared to the previous two; loss in bullish momentum (bearish).
➖ The week is about to end on a bearish note (bearish).
Since we have a major low early August and now we are seeing the creation of a lower high, we can expect a lower low next.
👉 The targets for the lower low are as follows: 77.7, 60.6 or 44.4.
Pick yours...
➢ 77.7 is the main target with 60.6 do-able and possible.
➢ 44.4 Is less likely right now and too early to call.
We will see how the market acts, reacts and develops in the coming days.
We will give you an update if there is any change.
Thank you for reading.
Your support is truly appreciated.
Remember to boost and comment for more.
Namaste.
Note
NVDA continues to look bearish (lower high still in place)W:
D:
Everything on the chart clearly points toward lower prices.
Note
Great earnings = great crash?You don't need "earnings" when you have the chart.
Predictive traders will do better than reactive traders all the time.
Namaste.
Trade active
Lower high still in place.NVDA (Nvidia), on track to the strongest correction in years.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
Related publications
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.