NVDA Ascending Wedge Break

7월 1일

NVDA had a hard rejection around $140 and has been a lot weaker after breaking its uptrend, but it is still holding the $123 area for now. If price breaks below the $118 area, we could end up seeing a much larger move down. However, as long as it is above $123 I wouldn't short it, and probably wouldn't short it anyway. I'm just using it for broader market analysis because of the market cap.