Technical Analysis of (NASDAQ: NVDA) NVIDIA Corporation | Personal Technical Analyst, Researcher, Stock market Analyst
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Technical Analysis of (NASDAQ: NVDA) NVIDIA Corporation

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Technical Analysis of (NASDAQ: NVDA) NVIDIA Corporation:

NVIDIA CORPORATION INC | Technical Analysis | IAMVIMALSINGH | Your Personal Technical Analyst

The technical looks that the major trend is bullish and for long time price trending to the upside with short-term correction, but future did not found to be good for this stock for a short term, as the chart showing divergence in MACD in 4 hours, daily and monthly chart, which will be a major trend reversal sign, last swing low will be exact above 0.23%fib which completed at 285, From which point stock start falling and we have a short-term fall into downside, last short-term swing high forms at 279, which will form as resistance and 0.618%fib zone also present ad same level, price also following a long-term upside channel, and resting near to  channel resistance. we having selling pressure from the zone of 279, and short-term doji also will be their same level which indicating selling pressure.

 

LETS TALK ABOUT FUNDAMENTALS:

NVIDIA CORPORATION INC | Technical Analysis | IAMVIMALSINGH | Your Personal Technical Analyst

PE:40 FOUND TO BE OVERWEIGHTED

NVIDIA CORPORATION INC | Technical Analysis | IAMVIMALSINGH | Your Personal Technical Analyst

SHARE VOLUME DECREASING

NVIDIA CORPORATION INC | Technical Analysis | IAMVIMALSINGH | Your Personal Technical Analyst

PRICE TRADING ABOVE 61% OF 52WEEK HIGH,  ALMOST NEAR TO FIB EXTENSION OF .618%

 

ADVICE:

FOR SHORT TERM: SHORT WITH STOP LOSS:287,

FOR LONG TERM: AVOID

IF YOU ARE ALREADY IN TRADE: CLOSE YOUR TRADE


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