NVDA in correction sideways.

27 בנוב׳ 2023

NVDA has gone through a great rise and we are currently entering a flat correction that should break further downwards given its increase since mid-October so we could see prices from $395 to $300 to see its correction completed.

I am more inclined to see NVDA between $300-$350 in the coming weeks since the moving averages have not yet given a clear sign of a deep correction, but of a lateralization for its distribution process providing the opportunity for trades within the ranges previously established and for the moment we would be entering in shorts for day traders.