NVDA outlook is bullish

9월 9일

Weekly Outlook of Sep 9
NVDA is in down trend since the earning report
- Price seems bouncing around $100-102 area
- 3rd downward leg forms divergence on 1H time frame
- RSI indicates Oversold on 4H time frame (below 30)
- Increased volume
- BoFA released analyst report favoring the NVDA
Therefore:
Bullish case
- Pull back for deep correction to $116-118 is expected if price rise breaks back above $107-108
Bearish case
- Economic worry is back after job data last Friday
if price holds under $105 area it may bounce down on downtrend line pushing price below $100 the $97 area NVDA