NVIDIAShort
Identical Move To March/April 2024
The chart and price action speak for themselves. The current move looks almost identical to the move from March/April after Q1 earnings.
Both times we had a gap up on earnings and NVDA has been exhibiting the EXACT same path forward. Gap up on earnings --> peak twice --> break trend --> test and bounce off demand --> attempt to retest broken trend --> further weakness --> break lower.
If this continues, price should reach lower bound of the channel in the next two weeks (108-110), which coincidentally fills the gap from May, before another run up into earnings.
It can't be that easy, can it? We'll see.
Both times we had a gap up on earnings and NVDA has been exhibiting the EXACT same path forward. Gap up on earnings --> peak twice --> break trend --> test and bounce off demand --> attempt to retest broken trend --> further weakness --> break lower.
If this continues, price should reach lower bound of the channel in the next two weeks (108-110), which coincidentally fills the gap from May, before another run up into earnings.
It can't be that easy, can it? We'll see.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.