Naked Chart Trading: NVDA 25 Jun 2024
$NVIDIA(NVDA.US$ fell from above USD140 to below USD120 after the split, which is more than 10% losses in just 3 days, signaled a cooling momentum in this AI rally
Long term trend: Bullish
Short term trend: Bullish with technical correction
Fibo Analysis (Apr 2024 low to Jun 2024 high): Price is testing 38.2% currently, close below USD115 to trigger more downside
Resistance: USD125, USD130, USD140
Support: USD115, USD105, USD100 (psychological key support)
Bull trend is still intact in short term, watch out for any potential lower high & low
Disclaimer
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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