NVIDIAMis à jour NVDA
Strong Uptrend between October 13- November 5th. Price moved up with momentum.
20day moving avg was broken which sent price into consolidation in inform if Triangle.
Price broke upwards out of triangle to make all time highs but price moved up but momentum didn't flashing weakness in trend.
This weakness caused price to start moving sideways and then broke down and lost minor support of 313.
Price will either
1) Pullback to 313 support and get rejected turning support into resistance. This will send price below low of previous triangle invalidating the breakout. This will start down move to possibly 220
2) Price pulls back and breaks thru 313 support, retests support, and holds. If this happens, then price will look to move toward 350
The economy is looking choppy especially with this new Covid variant. NASDAQ has been shaky as well. With all that has been going on, I expect my #2 possibility to happen instead of my 1st one
20day moving avg was broken which sent price into consolidation in inform if Triangle.
Price broke upwards out of triangle to make all time highs but price moved up but momentum didn't flashing weakness in trend.
This weakness caused price to start moving sideways and then broke down and lost minor support of 313.
Price will either
1) Pullback to 313 support and get rejected turning support into resistance. This will send price below low of previous triangle invalidating the breakout. This will start down move to possibly 220
2) Price pulls back and breaks thru 313 support, retests support, and holds. If this happens, then price will look to move toward 350
The economy is looking choppy especially with this new Covid variant. NASDAQ has been shaky as well. With all that has been going on, I expect my #2 possibility to happen instead of my 1st one
Note
"The economy is looking choppy especially with this new Covid variant. NASDAQ has been shaky as well. With all that has been going on, I expect my #2 possibility to happen instead of my 1st one"obvious typo here after stating all the negatives. was expecting #1 not #2 due to all the negatives mentioned before
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