Linking previous short of NVDA. The right shoulder is technically not finished forming. However that trendline was tested not long ago.... will it hold? Who knows.
First target would be ~$100. If this plays out there will likely be a larger mark down phase consisting of retail panic selling. This will push toward $80 with a possible shakeout near the low/mid...
Hello Traders,
If we do not see NVDA rise about the $121-$124 level for a large amount of volume... we should see another leg down from this area... I am expecting NVDA to drop below $100 in the next 2 weeks. I personally believe by April this stock will see its bottom around $75. It may happen faster. Good luck.
