$NVIDIA (NVDA.US)$ For anyone who wasn't paying attention, N...
$NVIDIA (NVDA.US)$For anyone who wasn't paying attention, NVIDIA did a thing (and near a key support). Can anyone tell me what that thing is? Here's a hint: look at the purple line.
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Junius Falcon
:
Try to adjust the angle. Looks like drop gap decreased, maybe due to horizontal support level, could go up soon because of good earning projection and forward PE. More dip more buy for me.
Derpy Trades
OPJunius Falcon
:
It depends on whether you assume that price wicked temporarily above resistance (like in your drawing), or if it actually broke resistance (like in mine). Either way, NVDA is very close to a key support level. We'll know soon which direction it will take.
Derpy Trades
OP
:
The answer: NVDA appears to have broken the current downtrend. Momentum takes time to reverse, but IF support holds this is very likely to bounce soon.
Junius Falcon
Derpy Trades
OP
:
I think it is appropriate sometimes to exclude weak sticks as they are signs of quick rejection. It is more accurate to fit most of the points, adjust to actuality and try to make new sense
JLai888 : ????
一个来自马来的韭菜 : The person who drew the picture is very smart and accurate
Junius Falcon : Try to adjust the angle. Looks like drop gap decreased, maybe due to horizontal support level, could go up soon because of good earning projection and forward PE. More dip more buy for me.
HUANG AI : BUY
105177241 : Short !
MoopyLaFuFu : Yes, the purple line is straight![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Derpy Trades OP Junius Falcon : It depends on whether you assume that price wicked temporarily above resistance (like in your drawing), or if it actually broke resistance (like in mine). Either way, NVDA is very close to a key support level. We'll know soon which direction it will take.
Derpy Trades OP : The answer: NVDA appears to have broken the current downtrend. Momentum takes time to reverse, but IF support holds this is very likely to bounce soon.
Junius Falcon Derpy Trades OP : I think it is appropriate sometimes to exclude weak sticks as they are signs of quick rejection. It is more accurate to fit most of the points, adjust to actuality and try to make new sense
Derpy Trades OP Junius Falcon : If it works, keep doing it.