NVDA is currently holding and respecting 236.6. We had no type of structure above 236.6 on the 4hr. Hourly showed a clean change of direction before crashing back below. NVDA had huge rejections when below 228 so for now I wanna see whether NVDA will crash below 228 for a possible temporary short back into 209.7 or will it push back up to 235.6 and possibly tap the last highest point at 242.5. As of now NVDA is in talks of expanding their focus on AI along with conversations circling about their stock being undervalued so will price dip back below or have some type of push. We'll see. I definitely would like to get into some type of short play here.
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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.