NVDA
(NVIDIA) Finally, the double top did it in! It is on the edge of the gap that was left behind after the last earnings report (ER).
It would be a good entry if it drops to the 50% Fibonacci retracement and fills the gap. With the RSI (Relative Strength Index) being close to oversold, I am not sure if it will fully close the gap.
The full measured move of the double top is the $720 area. So, I am watching that area for any signs of stabilization.
It would be a good entry if it drops to the 50% Fibonacci retracement and fills the gap. With the RSI (Relative Strength Index) being close to oversold, I am not sure if it will fully close the gap.
The full measured move of the double top is the $720 area. So, I am watching that area for any signs of stabilization.