$NVIDIA (NVDA.US)$ right now its looking very neutral to me....
$NVIDIA (NVDA.US)$ right now its looking very neutral to me. to be bullish again, have to clear past 112. failing to hold 104.8-105 might be another huge dip challenging the important psychological 100 mark. just what i think from technicals..
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R30R : I think this bullish stance is just FOMC driven. I don’t think this has found a solid long term support yet. September will be crucial in finding it and possibly consolidation in October and any possible rally in November.
There are big order blocks across the 104 - 106 mark. I think the price manipulation is far from over.
pootpoot OP R30R : yep i agree.. i still have some of my puts . will only close off if it crosses 109ish
lucaspan : sis I think goes up cos nivida is the biggest in S n P n if it drops n will have an big impact
pootpoot OP lucaspan : not exactly. im not sure if u noticed by now, big funds are rotating to small caps. that is why despite nvda fell so much, sp500 still remains strong at support level 5400-5450. big investors are putting their money in safer sectors. the SPY wont crash because of NVDA, but NVDA will crash if SPY does.
pootpoot OP lucaspan : if we refer to technical terms... daily candle it ends with a doji beside a big red candle. its still leaning towards bearish. i would say it needs alot of effort to be bullish again for now.
c_mk pootpoot OP : Agreed. Currently the trend is bearish. Sigh
lucaspan : thank u sis for your guidance