NVDA and SHLD Techncial Analysis Video
This week we are looking t NVDA with new highs and SHLD with the start of a potential uptrend.
On Nvidia this week, price is in an uptrend and is making new highs. We are retesting the daily demand zone at 164.40 down to 158. Price has hit some smaller timeframe 60min support zone at 164.74 which is inline with the daily demand zone. I would like to see price stall out here and retest the highs at 174.00. Now this retest maybe take a few day’s to reverse and move in the direction of the trend. If we look at whole numbers above us then we could see $200 pretty easy I think long term.
For Sears this week, Price has gone range bound for the past few weeks. I believe price has given us the indication that it has started a new Trend to the upside. However, we see price in the summer doldrums I believe. Therefore, I would like to see price move down to the daily demand zone at 7.91 down to 7.29. before it pushes back into daily supply at $10.50-11.50. Overall, we really need to see price break outside the range that it’s in. Then we can say for certain.
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