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The Long Investor
The Long Investor

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$NVDA

$NVDA has respected the Fib support levels since September so there was no reason to doubt the test of the 0.5 Fib yesterday at $127, worst case scenario was a flush down to the 0.618 Fib at $120.

Price bounced almost immediately and now above the 0.38 Fib in the PM above $133.

I added yesterday for a low risk bounce to retest at the very least the 50 Day MA from below at $140 and/or the green line at $141.

If the bulls can flip the green line to support then I will continue to hold and wait for the Wave 5 level to hit at the First Target, $141 holding would be a good entry for those who have not added yet or want to add again.

$NVDA

Comments

Yep, in the Buy and Sell Chat Group

Gareth Neary

Hi, you said you added yesterday for low risk bounce. Was this posted somewhere?

Rudolf Melik


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