$NVDA
Added 2025-03-19 12:55:05 +0000 UTCFirst test of the yellow trend line was met with resistance at $121 but we can see that the pull back retested the 0.618 Fib which was a support level in late Jan, the price is moving positively in the PM now as the market awaits patiently for the Fed decision after lunch.
A positive reaction and I believe the price can break above the trend line and move up to the 200 Day MA at $130 this week.
A negative reaction and we could see a rejection at this trend line next and this will put pressure on the market if a lower low is made here into the red line range.
For now, bulls still have a chance to push this higher and help the market, $NVDA is key for me.
Comments
Or not to worry because SMAs are lagging indicators?
Dante
2025-03-19 15:36:27 +0000 UTCAccording to data from MarketWatch, since Nvidia went public, this pattern has occurred 12 times, and in 75% of cases (9 out of 12), the stock price continued to decline afterward, with an average decline of 41%.
Dante
2025-03-19 15:29:53 +0000 UTCDo you expect this possible death cross to drop the price?
Dante
2025-03-19 15:29:51 +0000 UTC
