🔸️Ticker Symbol: NVDA 🔸️Timeframe: 4 Hour🔸️Investment Stratey: Short
TECHNICAL ANALYSIS: NVDA is currently selling off in the market but could potentially see a bounce play incoming. The largest level of support for NVDA sits at about $166. This area also acts as a bottom deviation level on our bull Regression Trend Indicator.
If we take a look at our bottom dashboard we can see that our white line representing Money Momentum is still shifting out of the market and not yet making a higher low. We also have our middle band showing red meaning Bear Market Momentum. This is why I believe we could potentially see a test of $166 before a bounce play back upwards. Please let me know your personal investment strategy and thanks for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: NVDA is currently selling off in the market but could potentially see a bounce play incoming. The largest level of support for NVDA sits at about $166. This area also acts as a bottom deviation level on our bull Regression Trend Indicator.
If we take a look at our bottom dashboard we can see that our white line representing Money Momentum is still shifting out of the market and not yet making a higher low. We also have our middle band showing red meaning Bear Market Momentum. This is why I believe we could potentially see a test of $166 before a bounce play back upwards. Please let me know your personal investment strategy and thanks for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.