The Long Investor

$NVDA

Added 2025-04-08 10:00:33 +0000 UTC

Same chart I have added here yesterday but I know many will consider a position here shortly as the market is a healthy green in the PM and many will think we are in Wave B now

There has not even been 24hrs since the market was expecting Black Monday yesterday but many are optimistic now, and I see the reason, a lot of the Mega Caps are due a Wave B bounce and that is why I have been adding to $AMZN

$NVDA is another position I am considering adding to today for the Wave B bounce.

The 50 WMA is the target here which we can see is just above the 0.5 Fib at $120

This is the important level, a break and holding above this level and the Wave B may be ruled out, there is still enormous amount of work needed for this to happen and the US and China need to come to a truce, so nothing is clear right now apart from the need of at least a Wave B bounce for me.