DoujinStars
The Long Investor
The Long Investor

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$NVDA

The company and chart that I believe is driving the negative sentiment in the market right now because of how weighted and influential it is.

This chart has not changed since the last time I uploaded it but it is important to see how it is moving for awareness.

Price is right now in the pull back range for Wave C that we need to see hold, or the price falls into the 'troubled' range on the chart under $100.

Losing the August low at $90 and the 200 WMA is real possibility next at $52.

No chart is exempt from a -50% retracement after completing its Impulse Wave, even $NVDA.

For the bulls, they need to see this get back up above the 50 WMA at $120, which is back into the ascending triangle too and hold.

Jolts, CPI and PPI need to report and get this behind us.

$NVDA

Comments

would be a dream

Pierre penasa

I need some guidance. Hate to wipe out ALL my earnings. But it's feeling more and more likely.

Justin Matthews

$52??????? WOWZY

Marek

Is it possible that the wave 4 hasnt been completed yet, meaning the higher high after the august low was just a overshooting wave B?

PJP

Hope so. Downside scenario is scary.

safoo

I agree, get these reports behind us. Then hopefully next week Mr. Jensen MF Huang speaking at GTC has some good news to get the party started again

Stevie C


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