Its Over, page-23521

  1. 23,890 Posts.
    lightbulb Created with Sketch. 2116
    ..after hours is at $105.39, below $110 (100DMA); if it goes below $90 (200DMA), its Over.

    Column 1
    0 NVDA technicals
    1 On Aug 29 (here) we outlined some of the bearish NVDA arguments. The stock is extending the move lower, trading well below the 50 day, getting close to the 100 day that comes in around $110. The longer term trend line comes in slightly below the 100 day. Let's see how this plays out, but NVDA's upside momentum has definitely stalled. Note the 200 day is all the way down around the $90 level.
    2 Refinitiv
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.