$NVDA
Added 2025-05-19 10:54:20 +0000 UTCPulling back in the PM now with the market and again it's same commentary as the $SPY chart too.
I think this is a retest of an important breakout level.
$NVDA had an incredible week last week and burst through:
The 50 WMA $at $126
The 0.618 Fib at $127
The Yellow Triangle bottom line at $129
And pushed towards the 0.78 Fib at $136.
So a retest of this range from above will be needed to show that this is a new support level
I believe if there is a breakdown below the 50 WMA at $126 then we will confirm that Wave C is next and we will FEAST at $60 on the 200 WMA.
$NVDA still needs to report their ER on the 28th of May, next Weds, so a retest and holding in that range leading to their report will be needed.
Very important ER I believe, for $NVDA and the market.
Comments
So is this saying it could fall to $60 a share in wave c?
zach Fruit
2025-05-19 22:50:41 +0000 UTCIf the price breaks below Under the 50 WMA
Gareth Neary
2025-05-19 16:59:54 +0000 UTCIs the wave B target 136? As is that where the trim is?
Rich
2025-05-19 16:57:10 +0000 UTC
