$NVIDIA(NVDA.US)

Nvidia carries such a huge market cap, it is almost like an index on its own!

And that is why I monitor it closely and update regularly and here is my weekly update which also happens to be the pre earnings one.

Nvidia’s price is capped by the 61.8 retrace and been kept there for almost 3 months! Look at the prior range before the ATH in late October - See the pattern?

Head and shoulders, knees and toe - remember the nursery rhyme? 😂

Elliot wave count says she is in a highly probable B wave.

In order to negate this pattern, price must clear 225 and upper trend line with heavy volume. The whole bear army is waiting there so if the bulls clear that, she will fly.

That is a lot to ask for in this overextended market and blockbuster results won’t cut it. Everyone is expecting that. Nvidia must deliver something the market has not factored in. Will she?

Stay safe!

Disclaimer: Not financial advice. Kindly do own due diligence.

@Longbridge Singapore @Bridge Buzz SG