$NVIDIA Corp(NVDA)$ stock near five-month Low, and its shaping a head & shoulders pattern. Will it hold the 400 level or is there a potential gap fill coming?
1.Question for Tigers:
Will it have a rebound soon?
At what price you would like to buy $NVIDIA Corp(NVDA)$ ?
2.Fill the Gap vs. Rebound
@Elliottwave Forecast : $NVIDIA Corp(NVDA)$ Reached Warning Areas But Showing The Future Path
NVDA has two potential paths. The first path is nesting within the Grand Super Cycle where we are now ending the second wave I. The other scenario is a simple impulse. In this case, NVDA is ending wave ((III)) and should do a wave ((IV)) and then do another leg higher with the trend.
DB Daytrades @WeChaseFreedom: $398.7 and under can see 387 but Tuesday bounced and ranging now, not too interested for the week but the levels are solid here.
3.Recent News of $NVIDIA Corp(NVDA)$ :
Nvidia had $5 billion worth of China orders in the bag... or so it thought. And then Biden's second round of chip restrictions hit.
Nvidia Earnings May Be Dominated by China Woes. 2024 Sales Could Take a Hit.
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