NVDA: Key Support/Resistance levels to PAY ATTENTION! [UPDATED]
• NVDA did exactly as we expected since my previous analysis on it, as it lost our dual support level, and it hit our target at $150 (the link to my previous post is below this analysis, as usual);
• Now, NVDA is in bearish territory, as it did a lower high/low, and it is trading below the 21 ema;
• In order to reverse this bearish sentiment, NVDA must do a clear bullish structure, preferable above our support at $150. So far, there’s no clear bullish reaction;
• If it doesn’t react, and loses the $150, the next technical support would be the 61.8% Fibonacci’s Retracement in the weekly chart;
• Speaking of weekly chart, there’s a key trend line connecting NVDA’s previous top levels (purple line), and NVDA has to break it in order to trigger a long-term bullish reversal structure;
• Let’s see if it’ll react above one of its key support levels. I’ll keep you updated.
Remember to follow me to keep in touch with my daily analyses!
• Now, NVDA is in bearish territory, as it did a lower high/low, and it is trading below the 21 ema;
• In order to reverse this bearish sentiment, NVDA must do a clear bullish structure, preferable above our support at $150. So far, there’s no clear bullish reaction;
• If it doesn’t react, and loses the $150, the next technical support would be the 61.8% Fibonacci’s Retracement in the weekly chart;
• Speaking of weekly chart, there’s a key trend line connecting NVDA’s previous top levels (purple line), and NVDA has to break it in order to trigger a long-term bullish reversal structure;
• Let’s see if it’ll react above one of its key support levels. I’ll keep you updated.
Remember to follow me to keep in touch with my daily analyses!
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.