The Long Investor
patreon
$NVDA
🕑 Added 2025-04-14 11:27:09 +0000 UTCThe $NVDA commentary is the in line with a lot of the Mega Caps and the market that I covered yesterday.
We are also watching for a retest of the 50 WMA here, which conveniently is exactly at the ascending triangle bottom line and in between the 0.5 and 0.618 Fib levels.
So this is a very big confluence level in between $127 - $119.
I am holding $NVDA and I did not sell on this potential Wave A pull back, we knew a Wave B bounce had to come at the very least and that will tell us whether to trim or hold.
I am holding and I will see how the price action behaves testing this confluence level, if there is a rejection then I will sell.
Many who are overly exposed to this sector may consider de-risking here but I am comfortable with my position to wait for the test.
Holding back above the 50 WMA in the descending wedge and $NVDA can go back up to the ATH level again at $153.
