$NVDA
Added 2024-08-14 10:44:49 +0000 UTCNo changes here but it's an important day for the market as we wait for the CPI print in just under 2hrs (1330EST)
Price action has run strong up to the the descending wedge level and leading up to the CPI data, the PM is also bringing the price very close to the 50 Day MA, which is also in line with what is happening with the market.
A strong run up before a big event like this is something that always makes me concerned, meaning, the market is front running an announcement, they likely believe it will come in line or better than expected.....so there will be an initial bump if this happens and then a sell off
The 50 Day MA will be an important level to break above and hold, holding above this level and the bulls I believe have gained the upper hand with $NVDA and can move the price back up to the ATH level again leading up to earnings.
Comments
Nvidia is the market.
FreakScrutineer
2024-08-14 12:46:16 +0000 UTCWill there is a ABC correction for Nvda or it has been completed?
Huat
2024-08-14 11:37:18 +0000 UTC
