NVDA has gone parabolic since announcing its 10-1 stock split, and I still think we are in the early stages of a rally. These are my key fibonacci levels for NVDA. We have successfully broken above the first target, $130.84, and we are flipping this target from resistance into support before rallying higher. The next key target is the 1.68 fib level around $164.93.
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DIS has been in a downtrend since forming a strong rejection at the red trendline around $121.88. DIS is currently approaching a key price target at the green trendline around $96.45. This green trendline was previously acting as resistance and could flip into support here. DIS is seasonally bullish in July so there could be […]
Read MoreIWM is starting to make some progress towards the red zone. and there could be a potential bullish breakout in July. I’m looking for a strong move above $210.44, which will help small caps start a rally as well. These small caps tend to perform better in a lower interest rate environment. This means that […]
Read MoreThe NASDAQ also formed a strong rejection at all time highs. There is a lot of fear surrounding the potential that Nvidia has topped out of the market. Nvidia insiders have been selling a lot of shares, and there is concerns that Nvidia could take the stock market down. QQQ had a strong rejection at […]
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DIS has been in a downtrend since forming a strong rejection at the red trendline around $121.88. DIS is currently approaching a key price target at the green trendline around $96.45. This green trendline was previously acting as resistance and could flip into support here. DIS is seasonally bullish in July so there could be […]
Read MoreIWM is starting to make some progress towards the red zone. and there could be a potential bullish breakout in July. I’m looking for a strong move above $210.44, which will help small caps start a rally as well. These small caps tend to perform better in a lower interest rate environment. This means that […]
Read MoreThe NASDAQ also formed a strong rejection at all time highs. There is a lot of fear surrounding the potential that Nvidia has topped out of the market. Nvidia insiders have been selling a lot of shares, and there is concerns that Nvidia could take the stock market down. QQQ had a strong rejection at […]
Read More