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

$NVIDIA (NVDA.US)$ Daily Chart

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

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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.

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Shin Moomoo MY

Trading is a mirror that reflects everything about myself 交易就是一面反映自身一切的镜子

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