DoujinStars
The Long Investor
The Long Investor

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$NVDA

I have been quite vocal on X on the importance of $NVDA to the market and I have shared these views in this group.

I believe $NVDA holds the key to the market and with $MSFT struggling and $AAPL hitting its Wave A target already, the market can not afford to lose $NVDA too.

$NVDA has started the day stronger than most in the market and is currently green, which is not a surprise considering it is holding on the green 0.618 Fib at $111.

But $NVDA bulls must start stepping in and bring this back up to the trend line at $121 and flip this to support.....another rejection at this level and I do not believe the market will be too kind to $NVDA and I would expect considerable downside next then.

So $121 must be recaptured soon.

$NVDA

Comments

Cap, is it possible we have already seen a short 5th, in which case retrace to the previous wave 4 low not inconceivable?

G4Golf

So, now you Are waiting for 121? Or is there another absolute Zone where a Sell is inevitable? Thanks

mark_williams

Let there be carnageeeee

ray

I have 1 buy in for $NVDA, a second rejection at $121 and I would consider selling yes

Gareth Neary

Or is this an even bigger conversation given if NVDA dictates the market and if NVDA is going to the downside, we should expect the market to do so too?

Taylor D

I believe you have some buys of NVDA ~$120. If we don't regain 121 and expect downside do you plan on trimming / selling your position?

Taylor D


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