NVIDIA TRACES A NEGATIVE PATTERN, $5.5T QUAD WITCHING, SLOW GROWTH IN EUROPE
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Negative Pattern
Please click here for a chart of Nvidia stock (NVDA).
Note the following:
- The chart shows that NVDA stock opened higher yesterday. The higher opening was the result of more good news, pump during the holiday the day before, and continuing momentum from retail investors rushing in head long to buy.
- The chart shows that the stock closed lower than the prior trading day.
- The foregoing is a negative pattern that shows up as a bearish engulfing candle on a day chart.
June 21, 2024