Nvda likes that 200 week moving average, i wouldn't be buying when it's trading this far away from it. Look for these two to meet in the future (no it won't be tomorrow...)
Yorum:
i'm playing this with a stop at 927 weekly close, first target $808
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stopped out, but we are still very far off the 200 week moving average. That can only last for so long.
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first red weekly candle in 3 months
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back short after 875 broke, first target 808 then 730
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do we really think that gap at 823 wont be taken out..... please
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it took about 2 years from the top of Nov 21 to hit the 200 week, i'd imagine it will be a similar timeline this go around as well.
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If NVDA closes below 875 today that would be very bearish.
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what a move....