NVDA is downtrending from the top of the channel. If price opens red, I am looking to buy PUTS.
Technical Analysis:
-Candles: Price fell 2% After hours
-Moving Averages: 1HR and below, price fell below all MA's. on the 2HR it's at 200ma support
-Volume: Big red engulfing candle
-RSI: Downtrending
-MACD: Downtrending toward 0 line
-Histogram: Turned from yellow to red
-Accumulation/Distribution: Falling
Fundamental Analysis:
-Price Fell enlight of MU's Earnings Report & negative price action.
-It's Friday and sell offs are common