SamSuka
The Long Investor
The Long Investor

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$NVDA

We need $NVDA to recover but it is struggling and the price action is also down to its early March lows and on the cusp of making a lower low, which confirms the downward trend.

We also have a clear rejection at the 50 WMA and the yellow trend line which is not a good sign.

A drop into the red line range and the impulse wave is in danger, so I have added the amber fib levels to show where the ABC correction can fall to.....and the green circle is the sweet spot for us to add HEAVY!!

The 200 WMA will move into this range and sit on the 0.618 Fib at $60, I'll be accumulating here if we get the opportunity.

$NVDA

Comments

No not yet

Kad

Were Sell Signals Posted somewhere? Couldnt find some

mark_williams

I am wondering if to trim now, obviously would loss, because if wave a start it will for lower, I bought between 109-119

Mo

Why

Mahdi Yusuf

I would be also interested to know when to trim our buys from Mid December and Mid January. I think Cap said somewhere he would trim at 121$ by doing no loss, but not clear whether this opportunity will come in upcoming weeks/months with such downtrends currently

Kad

Would you trim the exposure on nvidia now with a decent chance that this great buying opportunity is available later on

Ethan Silver

If this happens, it will be a generational opportunity, imo

Josh G


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