The chart and price action speak for themselves. The current move looks almost identical to the move from March/April after Q1 earnings.
Both times we had a gap up on earnings and NVDA has been exhibiting the EXACT same path forward. Gap up on earnings --> peak twice --> break trend --> test and bounce off demand --> attempt to retest broken trend --> further weakness --> break lower.
If this continues, price should reach lower bound of the channel in the next two weeks (108-110), which coincidentally fills the gap from May, before another run up into earnings.
It can't be that easy, can it? We'll see.
Both times we had a gap up on earnings and NVDA has been exhibiting the EXACT same path forward. Gap up on earnings --> peak twice --> break trend --> test and bounce off demand --> attempt to retest broken trend --> further weakness --> break lower.
If this continues, price should reach lower bound of the channel in the next two weeks (108-110), which coincidentally fills the gap from May, before another run up into earnings.
It can't be that easy, can it? We'll see.
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.