NVDA 18th of October

18. Okt. 2023

I believe that Nvidia will not fall like a leaf. For today, I expect another test of resistance at the level around 425-430$, but then a rebound to the $439-444 resistance zone, and maybe more, and only then a new decline, if such happen at all.

18. Okt. 2023

Trade ist aktiv

Unfortunately, the "fundamental" news accelerated the down again to 416-418$ level supports and after that the 400-410$ level test. Personally, I don't believe that we will down more again. Yes, I know about the technical prerequisites about that but the market is highly speculative now and probable the earnings which will be reported after 15 min will determinate many things. In the above end, unfortunately, we have again 430-435$ resistance first.

18. Okt. 2023

Trade ist aktiv

Tesla touched for a second the 236$ resistance and is about +4$ now in a contrast to the apocalyptic analyses, positively affecting Nvidia, Meta and etc. This is the same what I except tomorrow at the beginning of the session for Nvidia, if it happen at all - down to 408-418$ resistance and that's it. Obviously, we are still not ready for such huge corrections as the most described here.