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kerdirks

NVDA Retrace

NVIDIA (NASDAQ:NVDA)  
kerdirks Updated   
NASDAQ:NVDA   NVIDIA
Technical Indicators Chart Patterns Trend Analysis
6
4
indicator chartpattern trendanalysis
Price has had a great run up ... now appears price is at the fib extension 2.272% and a retrace back to the major trendline may be in order.

Also review the Stochastic RSI and RSI on the Monthly; confirmation may be when the lines cross down thru the 80% level.
Comment:
As expected, NVDA trended down; minus $22.90 for the week of 9/18 - 9/22.
Comment:
Down trend continues ...
Comment:
NVDA reversing course after finding support ... if confirmation continues and price continues trending up and breaks $500, expecting more upside. DYOR NFA This is also in alignment with the IXIC bullish H&S pattern as well.
Comment:
Daily close above $500; enough said.
Comment:
NVDA price extending above resistance ... more upside potential is expected.
Comment:
NVDA is a major component of the IXIC just like FI (Fiserv) and both appear to be in significantly correlative bullish patterns right now. Enjoy the run.
Comment:
NVDA breakout ... expected next target per the channel pattern is in the zone of $1,850/share.
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