We could say that NVDA is currently in a descending channel with resistance/support levels determined by volume peaks (seen in 1 day, 1 hour and 15 minutes timeframes) + order book data, this "downtrend" or "correction" can be a distribution phase.
In addition to that, we could find a minor creek that was tested, then punctured and finally perforated. With all this data in mind, it's possible for the stock to have a slight positive rebound on Monday, 5, August facilitating a possible intra-day operation, targeting the minor creek as a resistance.
Disclaimer: Content of this idea is for information and education purposes only and should not be treated as investment or trading advice.
In addition to that, we could find a minor creek that was tested, then punctured and finally perforated. With all this data in mind, it's possible for the stock to have a slight positive rebound on Monday, 5, August facilitating a possible intra-day operation, targeting the minor creek as a resistance.
Disclaimer: Content of this idea is for information and education purposes only and should not be treated as investment or trading advice.
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