$NVDA
Added 2024-12-10 15:23:05 +0000 UTC$NVDA has been consolidating sideways now since the middle of October along this green $141 level.
Price action has been able to use important support levels to stay up, by using the 0.38 Fib and the 50 Day MA, so converting the green line to support can come but there certainly appears to be a battle going on.
I believe the bulls can do it and there will be a higher high before the EOY and a possible run up to the First Target is possible.
Losing the 50 Day MA and rejecting below this level would put a lot of pressure on the bulls however.
Comments
50 Day MA
Gareth Neary
2024-12-10 18:53:58 +0000 UTCCap, what is the blue line ?
Fadi
2024-12-10 18:53:31 +0000 UTCThank you for the update!
Steve Cooter
2024-12-10 15:29:41 +0000 UTC
