Nvidia Solid buy here

20 Jul

Hello Traders. Using Elliot wave, EMA support, trendlines and more I show where I think NVidia is gonna head next. Semis have been beaten down recently and I think this is the bottom before resuming the bull trend. This is the point where if it drops more would signal bear and it likes to reverse at the last second I have noticed many times to fool bears. We also have a bullish pennant and the Bull Full moon starts off the week. If it has indeed had a local bottom I expect the next target to be 200 before the election. I also used TA and multiple lower timeframes show extremely oversold and low RSI... We can support another leg up on the higher timeframes so I believe that is what will happen.