NVDA: Complete Multiple Time Frame Analysis (H, D and W charts).
Hello traders and investors! Let’s see how NVDA is doing today!
In the 1h chart, NVDA is very erratic, moving sideways, and we don’t see any clear structure that could confirm a bullish or bearish trend.
What’s more, it is dancing around the 21 ema (which is flat), and the volatility was quite high today, thanks to Unemployment Rate and Payroll today.
We do have a open gap around the $ 200, and if it gets filled in the next few days, the market may see this as an Exhaustion Gap. The daily chart is looking better.
NVDA is clearly bearish in the daily chart, as it is doing lower highs/lows, and it is under the 21 ema (which is pointing down).
However, there’s a light in the end of this tunnel. In order for NVDA to reverse, it must not lose the red line at $ 182, and it must break the $ 204. This is the condition to trigger a bullish structure. If this happens, the gaps are going to be our next targets; the first one is at $ 230.62.
In the weekly chart, we see that NVDA is back to July 2021 levels, after a massive sell-off. During the drop, the volume was low, while it is increasing now that we hit our support level. This is something no pay attention.
We might see a positive week now, for the first time since March, 28, and this could be something good. To me, the confirmation will come when NVDA breaks the $ 204 in the daily chart, so let’s keep our eyes open.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
Have a great weekend!
In the 1h chart, NVDA is very erratic, moving sideways, and we don’t see any clear structure that could confirm a bullish or bearish trend.
What’s more, it is dancing around the 21 ema (which is flat), and the volatility was quite high today, thanks to Unemployment Rate and Payroll today.
We do have a open gap around the $ 200, and if it gets filled in the next few days, the market may see this as an Exhaustion Gap. The daily chart is looking better.
NVDA is clearly bearish in the daily chart, as it is doing lower highs/lows, and it is under the 21 ema (which is pointing down).
However, there’s a light in the end of this tunnel. In order for NVDA to reverse, it must not lose the red line at $ 182, and it must break the $ 204. This is the condition to trigger a bullish structure. If this happens, the gaps are going to be our next targets; the first one is at $ 230.62.
In the weekly chart, we see that NVDA is back to July 2021 levels, after a massive sell-off. During the drop, the volume was low, while it is increasing now that we hit our support level. This is something no pay attention.
We might see a positive week now, for the first time since March, 28, and this could be something good. To me, the confirmation will come when NVDA breaks the $ 204 in the daily chart, so let’s keep our eyes open.
I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
Have a great weekend!
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