Chart of the day

NVDA is retesting a broken downside resistance

NVDA is retesting a previously broken resistance 890. A break above 960 is required for an extension higher although the top medium-term seems to be in place.

A rejection here and a break below 810 would confirm the top is in place and we could see short-term five waves down and we would be in the most productive third wave.

NVDA 3 days chart

Look for the short trade entries with a stop loss above 900. Long trades you can take in the case of a confirmed price action break above 960.

NVDA trading setup and analysis