NVDA POISONED FOR MORE BEARISH SWING

24 apr

On April 24, 2024, Wednesday, the price failed to close above the minor level of $830.40, resulting in a bearish engulfing bar compared to the Tuesday bar formed on April 23, 2024. Looking at my price chart, it's clear that the $830.40 minor structure is crucial for determining buyer sentiment towards this stock. As long as the price of NVDA trades below $830.40, there's a higher possibility of a bearish swing towards the next minor level at $660.

Also, traders take note of the first low-high swing at $908.8 which is another factor of a higher possibility of a bearish sentiment buildup