Steve/Matt, It would be greatly appreciated if you would please
provide your technical analysis on NVDA - is it potentially
entering a wave 4 bounce on the daily? Thanks much
I can count 5 waves up on the weekly NVDA chart (alt would be a
4th wave flat) but was a clear divergence at highs. Also
sports and broadening top on daily - onus clearly on bulls as Matt
showed below. I see nothing constructive as yet on daily or
2 hour charts supporting a bottom (no divergence and ribbon is
bearish)
Hi Steve/Matt, would you please have another look at NVDA? I've
been long since $418. Looks like it could get to the 20DMA, which
is also around 32% retrace of that last big wave down from 8/30.
Likely capped today considering the large $440 call open interest.
Your thoughts would be appreciated. Thanks much
Steve/Matt, It would be greatly
Posted by te22 on 26th of Sep 2023 at 02:26 pm
Steve/Matt, It would be greatly appreciated if you would please provide your technical analysis on NVDA - is it potentially entering a wave 4 bounce on the daily? Thanks much
I can count 5 waves
Posted by steve on 26th of Sep 2023 at 02:35 pm
I can count 5 waves up on the weekly NVDA chart (alt would be a 4th wave flat) but was a clear divergence at highs. Also sports and broadening top on daily - onus clearly on bulls as Matt showed below. I see nothing constructive as yet on daily or 2 hour charts supporting a bottom (no divergence and ribbon is bearish)
Hi Steve/Matt, would you please
Posted by te22 on 29th of Sep 2023 at 09:56 am
Hi Steve/Matt, would you please have another look at NVDA? I've been long since $418. Looks like it could get to the 20DMA, which is also around 32% retrace of that last big wave down from 8/30. Likely capped today considering the large $440 call open interest. Your thoughts would be appreciated. Thanks much
NVDA fighting zone here around
Posted by steve on 29th of Sep 2023 at 09:57 am
NVDA fighting zone here around 440 (stalling some) below 438 weakens (short term stuff)