💉Nvidia (
NVDA) is now heading lower:
🔎Analysis summary:
📝Levels to watch:
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NVDA) is now heading lower:🔎Analysis summary:
Just recently, Nvidia once again retested the major rising channel resistance trendline. Together with November's bearish engulfing candle, Nvidia is slowly shifting bearish. And before Nvidia will retest the next major support area, we can see a drop of another -15%.
📝Levels to watch:
$150
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade active
💉Nvidia (NVDA) remains quite weak:🔎Analysis summary:
Over the past couple of days, we saw little to no movement on Nvidia at all. However, the underlying trend is slowly starting to shift bearish with the recent consolidation of about 6 months. This -20% drop which we already witnessed does not seem to be the end.
📝Levels to watch:
$150
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade closed: target reached
💉Nvidia (NVDA) is heading lower:🔎Analysis summary:
It sounds almost incredible but for the past six months, Nvidia has overall been consolidating. This is a clear sign of weakness and bears are slowly starting to take over. We did not yet see bearish confirmation though, but Nvidia is clearly shifting back bearish.
📝Levels to watch:
$150
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
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#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
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.