NVDA broke out of the symmetrical pennant and reached its PT of 135.
It rejected off it with today's CPI data. The data was good and increased the odds of a September rate cut, so I'm viewing this move down as a fakeout to the downside.
Price is currently testing from above the 20 SMA on the daily chart. I think we will bottom here and go to new highs soon.
It rejected off it with today's CPI data. The data was good and increased the odds of a September rate cut, so I'm viewing this move down as a fakeout to the downside.
Price is currently testing from above the 20 SMA on the daily chart. I think we will bottom here and go to new highs soon.
註釋
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