NVDA eyes on $689.21: a "Very High Gravity" fib

7 Şub

This is a follow up to my $689 call posted here (click).

NVDA is currently testing a "Golden Genesis" fib at 689.12.
Strength in the chip sector indicates it will continue higher.
But expecting a pullback first, or "Orbit" this fib a few times.

Ultra Bulls might place their stop-loss just below this.
Trader Bulls might sell some here to buy back lower.
Late Bulls might look for a break and retest to enter.

Here is a full view of its "Genesis Sequence":

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20 Şub

Not

Here we are again:

689.21 retesting as expected.

Zoom in (3 min)

notice the interaction with red zone.
Also notice the piercing of the golden fib.

So likely we orbit this fib for a while.

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