Huat99
2022-09-04

$NVIDIA Corp(NVDA)$

A simple Technical Analysis on NVDA weekly chart

1. steep downtrend putting in Parallel channel (actually can ignore the lower channel line if you want)

2. steep falling 20 SMA (simple moving average). Check how share price react when SMA was falling steep, and when SMA turned flat, as well as how long the whole "process" lasted as an estimate (before the next major move happens)

From Volume Profile, immediately $125 ~ $136 appears to be a support zone (much more volume traded than surrounding yellow/blue & red/blue bars

If this support fails, then the stock could drop back along $70+/- (the next most volume traded area)

If you find this analysis helpful, please like and comment. Thank you[love you] 

šŸ’° Stocks to watch today?(22 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? šŸŽ Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • th0mastan
    2022-09-06
    th0mastan
    Thanks for the great sharing! Are you using tiger platform for chart? Btw any idea what does the red and bar horizontal bars represent?
    • th0mastanReplyHuat99:Ā 
      Thanks! Looks useful, will check it out!
    • Huat99:Ā 
      i'm using TradingView, the horizontal bars are Volume Profile (to simplify, represents how much volume traded in different bar range levels within the chart timeframe, only for subscribed members)
  • Woobenny
    2022-09-05
    Woobenny
    This week is gonna be interesting.
  • Snakewood
    2022-09-05
    Snakewood
    šŸ˜­šŸ¤¦ā€ā™‚ļøšŸ™šŸ™šŸ™šŸ¤žšŸ¤žšŸ¤ž
  • wigglyz
    2022-09-05
    wigglyz
    Maybe we should consider to stop loss right now.
  • pixiezz
    2022-09-05
    pixiezz
    NVDA seems like all the way down.
  • cheerzy
    2022-09-05
    cheerzy
    Cathie Wood's Ark Invest Loads Up On Nvidia For 2nd Day Amid Stock Plunge.Should we be bullish?
Leave a comment
101
2