Nvidia Fib Wedge

7 วันที่ผ่านมา

NVDA

This chart looks so good like wow. Made this fib wedge and I like that I see some interesting signs of a trend. Going to discuss what I see and look at what direction this stock is going to go.

First, each time you went right through each fib to find a local high then came back down to consolidate. The interesting thing is the last 3 fibs show once you consolidated and touch the fib again it was a local bottom, which eventually led to new all time highs.

The consolidation in each zone led to a touch of the fib line and marked a local bottom. What I noticed is it looks like this happen recently again. 126.86 on a low in the candle for a close of 134.70 is the local bottom, which the last 3 times showed that you can make your way back to the highs on the stock. After making it back to highs on the stock, eventually led to new all time highs.

Comment what you think about this chart.
Comment any tips or suggestions.

NVDA