This chart looks ugly for the bulls. That red trendline has been holding the price up for months, but now it is finally giving way. When a major support level like this cracks, it usually means the uptrend is over and we are heading lower.
But the real red flag is what the leadership is doing.
Insiders are not buying this dip. In fact, they are selling aggressively. The CFO and other top executives have dumped millions of dollars worth of stock recently. If they genuinely believed NVDA was going higher in the long run, they would be holding on to their shares. Instead, they seem to be rushing for the exit.
We have a broken chart and leadership cashing out. That is a dangerous combination you don't want to be buying into.
If the red line is broken the knife will fall.
But the real red flag is what the leadership is doing.
Insiders are not buying this dip. In fact, they are selling aggressively. The CFO and other top executives have dumped millions of dollars worth of stock recently. If they genuinely believed NVDA was going higher in the long run, they would be holding on to their shares. Instead, they seem to be rushing for the exit.
We have a broken chart and leadership cashing out. That is a dangerous combination you don't want to be buying into.
If the red line is broken the knife will fall.
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.