Seems like buying pressure will fall for a while in NVDA
Following the negative news recently, including fears of a trade war between USA and China, and the concern about the cheaper AI moder DeepSeek, made the shares of Nvidia fall. Shares of other hight-tech companies also fell including Alphabet, Apple and Microsoft.
On the technical the price broke the strong support trendline from beginning of 2024 while also making a big gap down at the start of the week. The 100EMA is also broken down, indicating the beginning of a short/mid-term pullback.
The selling idea here is interesting, but risky. I will be looking for sell setups with small lots in the coming days.
On the technical the price broke the strong support trendline from beginning of 2024 while also making a big gap down at the start of the week. The 100EMA is also broken down, indicating the beginning of a short/mid-term pullback.
The selling idea here is interesting, but risky. I will be looking for sell setups with small lots in the coming days.
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