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...)
Komen:
i'm playing this with a stop at 927 weekly close, first target $808
Komen:
stopped out, but we are still very far off the 200 week moving average. That can only last for so long.
Komen:
first red weekly candle in 3 months
Komen:
back short after 875 broke, first target 808 then 730
Komen:
do we really think that gap at 823 wont be taken out..... please
Komen:
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.
Komen:
If NVDA closes below 875 today that would be very bearish.
Komen:
what a move....