NVR Inc. (NYSE: NVR) is currently trading at a crucial technical level, and my outlook remains bearish until the stock approaches the $7,000 zone. This level represents a key confluence of an ascending trendline and the 6,8% Fibonacci retracement, making it a significant psychological and technical support area.
After reaching an all-time high (ATH) of $10,000 in October 2024, NVR has since declined by approximately 27%, reflecting a notable correction. Given this trend, traders should closely monitor price action around the $7,000 mark for potential support and reversal signals.
As always, exercise caution and apply risk management strategies when trading this asset.
After reaching an all-time high (ATH) of $10,000 in October 2024, NVR has since declined by approximately 27%, reflecting a notable correction. Given this trend, traders should closely monitor price action around the $7,000 mark for potential support and reversal signals.
As always, exercise caution and apply risk management strategies when trading this asset.
註釋
Hello mates,Zoom into this chart and see how this asset dropped down close to $7000 as projected. This zone is a confluence zone of Trendline and FIB61.8
Let's see what happens from here.
Note: there is likely a push up
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