Nvidia -> The Final Consolidation
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that over the past 150 days Nvidia stock is actually up about 200% and is therefore definitely ready for a short term correction.
You can also see that we do have the next previous resistance zone which is now turned support exactly at the $325 area so I am now just waiting for Nvidia to actually retest this zone and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Nvidia stock is currently stuck in between support and resistance - nothing too interesting for now, I am just waiting for a break below the previous support area at $375 and then I do expect Nvidia to fill the gap and retrace back to the $325 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that over the past 150 days Nvidia stock is actually up about 200% and is therefore definitely ready for a short term correction.
You can also see that we do have the next previous resistance zone which is now turned support exactly at the $325 area so I am now just waiting for Nvidia to actually retest this zone and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Nvidia stock is currently stuck in between support and resistance - nothing too interesting for now, I am just waiting for a break below the previous support area at $375 and then I do expect Nvidia to fill the gap and retrace back to the $325 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
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Keep your long term vision.
Click here: basictrading.net
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Keep your long term vision.
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