$NVDA
Added 2024-09-25 13:07:56 +0000 UTC$NVDA is surviving this week fairly well and has used the 50 Day MA now to propel higher and is up comfortably in the PM now, the wedge top line is at $126, so this is the next target if $NVDA can stay in this set up.
A breakout to the upside out of this wedge and the ATH line at $140 is the next target, breaking higher above this level and there is substantial upside available, with the First Target at $161
A breakdown out of the wedge and the 200 Day MA must come to the rescue or this is confirmed to be in its ABC correction.
Comments
That's if $SPY and $QQQ go into an ABC correction now......there is nothing stopping them melting up before a crash into an ABC first
Gareth Neary
2024-09-25 13:16:07 +0000 UTCWouldn't it be more logical for Nvidia to get into his ABC correction since you expect the same for SPY and QQQ and NvDA is like 5-7% of it ?
Kevin Aerts
2024-09-25 13:10:47 +0000 UTC
