NVIDIA, Is not over yet. Lets find out why.
NVIDIA, Is not over yet. Lets find out why.
Lets see where is leaking from and put them together.
First we need to see how much they have manipulated the data.
Quarter 1, 2024 during Feb support was confirmed over Jan, 2024 as well as Quarter 4, Dec 2023, but NVIDIA clearly ignored the correct retest level . Expect as low as $522.52.
Then when arrived at Feb, 2024 and March it did the same wrong moves, expect as low as $746.
And more incorrect moves during early April over March, meaning expect as low as $746 range.
During quarter 1, 2023 made lot of fake retest, expect market revert to the level of $424.22.
May 2023 a new support was confirmed then NVIDIA made a wrong retest level, this mean expect a big drop at some point to level of $292.39 range.
Now we go further down and we see it has done the same during Jan, 2023 where a support was confirmed for Nov 2022! Very naughty move! Again, Expect as low as $162.01.
Conclusion:
NVIDIA will still go higher after the first retest at $746, if support is not confirmed then expect $522.52. Then will go to $1,027.22, $1,108.38, $1,147.51, could even go to level of $1,36.59. This is where to expect all the above lower price happen as NVIDA Economic Cycle will end! So watch out!
Lets see where is leaking from and put them together.
First we need to see how much they have manipulated the data.
Quarter 1, 2024 during Feb support was confirmed over Jan, 2024 as well as Quarter 4, Dec 2023, but NVIDIA clearly ignored the correct retest level . Expect as low as $522.52.
Then when arrived at Feb, 2024 and March it did the same wrong moves, expect as low as $746.
And more incorrect moves during early April over March, meaning expect as low as $746 range.
During quarter 1, 2023 made lot of fake retest, expect market revert to the level of $424.22.
May 2023 a new support was confirmed then NVIDIA made a wrong retest level, this mean expect a big drop at some point to level of $292.39 range.
Now we go further down and we see it has done the same during Jan, 2023 where a support was confirmed for Nov 2022! Very naughty move! Again, Expect as low as $162.01.
Conclusion:
NVIDIA will still go higher after the first retest at $746, if support is not confirmed then expect $522.52. Then will go to $1,027.22, $1,108.38, $1,147.51, could even go to level of $1,36.59. This is where to expect all the above lower price happen as NVIDA Economic Cycle will end! So watch out!
Comment:
NVIDIA Next Prices are confirmed
$931.38
At $935.7 Will create a bearish move and will drop to $874.09 as the retest currently did not finish correctly. Once this area is corrected then expecting the following support:
$959.93
$968.24
New support = $977.03
$988.58
$981.49
$993.01
$1008.55
Execution price= $1,025.57
Distribution price: $1,041.17
Prepare for Descending! Party is over.
$931.38
At $935.7 Will create a bearish move and will drop to $874.09 as the retest currently did not finish correctly. Once this area is corrected then expecting the following support:
$959.93
$968.24
New support = $977.03
$988.58
$981.49
$993.01
$1008.55
Execution price= $1,025.57
Distribution price: $1,041.17
Prepare for Descending! Party is over.
Mid Support : $925.78
$950.58
$955.51
$964.81
New support over March period = $975.14 follow by $985.01
First Distribution price: $1,045.23 , $1,057.44
Expect a drop to $947.63 range to $936.89 Range.
Then:
Second distribution:
$1,069.15
$1,074.96
$1,080.27
$1,141.04
$1,177.78
May even touch $1,206.30
From here expect a big drop to the following level:
$768.70
$746.58
$696.01
$663.62
$515.02
$502.43
$494.85