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] 

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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
  • fishinglo
    2022-09-05
    fishinglo
    Maybe we should consider to stop loss right now.
  • YeddaJohnson
    2022-09-05
    YeddaJohnson
    NVDA seems like all the way down.
  • shining87
    2022-09-05
    shining87
    Cathie Wood's Ark Invest Loads Up On Nvidia For 2nd Day Amid Stock Plunge.Should we be bullish?
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