$NVDA has respected the Fib support levels since September so there was no reason to doubt the test of the 0.5 Fib yesterday at $127, worst case scenario was a flush down to the 0.618 Fib at $120.
Price bounced almost immediately and now above the 0.38 Fib in the PM above $133.
I added yesterday for a low risk bounce to retest at the very least the 50 Day MA from below at $140 and/or the green line at $141.
If the bulls can flip the green line to support then I will continue to hold and wait for the Wave 5 level to hit at the First Target, $141 holding would be a good entry for those who have not added yet or want to add again.
Gareth Neary
2024-12-18 14:36:55 +0000 UTCRudolf Melik
2024-12-18 14:27:39 +0000 UTC