Bear Case for NVDA

28 Mar 2021

NVDA Take a look at NVDA on the Daily timeframe. It had a nice consolidation at the top, that looks a lot like distribution. It had a failed rally and then started to come down and test support and then another rally, this time on lower volume which is where we are right now. I failure to hold support in the 475 range could be the break needed for the mark down. This is based off the Wyckoff theory of accumulation and distribution. A hold above 475 and a break of the green trend line would invalidate this thesis.