NVDA - NVIDIA - Today is a decisive day!!!
Dear traders,
Today is a decisive day for NVIDIA as we will report at the close of the market the quarterly earnings (2Q), technically no reversal signals are reported, we are still in a general uptrend although in the last few weeks a correction has formed (as is normal). Depending on today this correction may end and therefore continue with the upward trend or prolong the correction, and may return to levels around $100 and in the worst case scenario to $75-80.
The report of these results will move the needle for technology companies and a large part of the investment funds as they have significant positions in NVIDIA and other highly correlated companies.
Best,
Today is a decisive day for NVIDIA as we will report at the close of the market the quarterly earnings (2Q), technically no reversal signals are reported, we are still in a general uptrend although in the last few weeks a correction has formed (as is normal). Depending on today this correction may end and therefore continue with the upward trend or prolong the correction, and may return to levels around $100 and in the worst case scenario to $75-80.
The report of these results will move the needle for technology companies and a large part of the investment funds as they have significant positions in NVIDIA and other highly correlated companies.
Best,
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