AR-DNC

AR-DNC

After a long Marathon, it looks like it's time for NVDA to take a break. First time since January to open and close a red candle below the 50 EMA line and for the MACD line to cross "0". In addition, it's extremely overvalued. Key levels are at 410, 391, 366 and 351. breaking deeply through every level will most likely indicate a continued downtrend to the next,...

AR-DNC Updated 

Although Q2 earnings met estimates, it looks like it didn't impress. I've already closed my long position and will observe. Q4 2022 earnings were below estimates, however the trend continued upwards. Q1 2023 earnings exceeded estimates, however the trend took a tiny dip and continued upwards. However, on the 12H chart: This is the first time since the uptrend...