NVIDIA TRACES A BEARISH PATTERN – ARORA SIGNAL TO HEDGE RIGHT AT THE TOP, CENTRAL BANKS BUY GOLD
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Negative Nvidia Pattern
Please click here for a chart of Nvidia stock (NVDA).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of NVDA is being used to illustrate the point.
- The chart shows that NVDA stock has traced an outside day. An outside day is a reversal pattern in traditional technical analysis.
- The chart shows that The Arora Report gave a signal to partially hedge the NVDA position when NVDA was trading at $952.74, right near the very top.
March 11, 2024