The stock experienced a breakdown from a head and shoulders/double top pattern. Friday's movement suggests a Wave 3 decline, indicating potential for a Wave 4 corrective bounce followed by further selling pressure. The current price stands at $762, with significant levels to watch at $740.88 (lower boundary) and $778.1 (upper boundary). Notably, breaching the $805 mark marked a substantial development.
Regrettably, while I'm not purchasing Nvidia directly, I'm maintaining exposure to the company through $GraniteShares 2x Long NVDA Daily ETF(NVDL)$
In Nvidia's game, I may not play, but through its ETF, I'll let it sway.
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It's a good business, we could buy a bit and wait.
Charted
Couldn’t resist the temptation between bounces for a quick dip 😊