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Tech

$NVDA . Watch Chikou Span Support

$NVDA is still trading below the kumo (bearish).

There’s a small doji form from yesterday, and currently price may break the support from Chikou Span at $14.31

I am short NVDA with a target price of $12.50

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Tech

$NVDA . Kumo support break

$NVDA has officially breakdown from the kumo support.

We can see 3 signals aligned from the Ichimoku chart:

1. A bearish cross from the Tenkan sen and Kijun sen

2. Pierce through kumo support

3. Leading kumo is about to twist; confirming the change in trend.

The cause of it? It was reported that Apple is cutting back on the use of NVDA chips in Mac as they faced supply issues.

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Tech

$NVDA . Continue its way down.

Follow up post on $NVDA bearish signal on Feb 29

$NVDA continue its way down and is sitting on right on the kumo support.

However, the kumo support is thin for $NVDA and it is likely to pierce through it easily.

Target price : $11.50