Nvidia Corporation (NVDA) Price Analysis: BEARISH
Hey everyone, welcome back to Insider Trader! Today, I'm analyzing Nvidia (NVDA) using ICT concepts. After a recent distribution phase, I'm expecting a bearish reversal. The price has hit an optimal trade entry at $128.40, and I’m looking at two downside targets: $77.14 by September 9, 2024, and $31.99 by January 21, 2025. Key levels include a sellside liquidity at $76.06 and a bullish order block around $34.58, which might provide support. Keep an eye on these targets and adjust your trades accordingly. If you found this helpful, like, share, and subscribe for more insights. Happy trading!
There has been a significant amount of selling activity by insiders in the last 12 months, with no buying activity recorded.
The most notable selling occurred in the 3-6 month period, with over 4.3 million shares sold.
This level of selling activity by insiders might indicate their expectation of a potential decline in the stock's value, aligning with the bearish outlook identified in the earlier price analysis.