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Stocks

$NVDA – Quick Update

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Long Term Nvidia Open Articles
1055

In today’s quick update, we take a closer look at Nvidia, the largest pillar of both the S&P 500 and Nasdaq, with a representation of roughly 9% in each index, and assess its latest technical developments.

We break down the critical signals, examine the evolving structure, and outline the most probable paths forward for one of the market’s most influential stocks.

Candles

After last Friday’s sharp drop, Nvidia has not been able to recover. Today, the stock elevated the bearish odds further by closing with a strong Bearish Engulfing on the 3D frame.

The short-term outlook is now bearish, with downside momentum continuing to build.

Flag

Nvidia likely completed a sizeable bearish flag, with the targets outlined on the chart. If the stock does not find support in that target area and instead continues lower, breaking below the May low, the correction could become far more serious.

Long Term Nvidia Open Articles
1055
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