The Long Investor
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$NVDA
🕑 Added 2025-03-10 12:45:26 +0000 UTCThe company and chart that I believe is driving the negative sentiment in the market right now because of how weighted and influential it is.
This chart has not changed since the last time I uploaded it but it is important to see how it is moving for awareness.
Price is right now in the pull back range for Wave C that we need to see hold, or the price falls into the 'troubled' range on the chart under $100.
Losing the August low at $90 and the 200 WMA is real possibility next at $52.
No chart is exempt from a -50% retracement after completing its Impulse Wave, even $NVDA.
For the bulls, they need to see this get back up above the 50 WMA at $120, which is back into the ascending triangle too and hold.
Jolts, CPI and PPI need to report and get this behind us.
Comments
Pierre penasa
would be a dream
Justin Matthews
I need some guidance. Hate to wipe out ALL my earnings. But it's feeling more and more likely.
Marek
$52??????? WOWZY
PJP
Is it possible that the wave 4 hasnt been completed yet, meaning the higher high after the august low was just a overshooting wave B?
safoo
Hope so. Downside scenario is scary.
Stevie C
I agree, get these reports behind us. Then hopefully next week Mr. Jensen MF Huang speaking at GTC has some good news to get the party started again
