I woke up in the middle of the night to check and my heart sank. $NVDAB is at 175.00, down 6.49% for the day. It’s dropped another 2.62% in just the past hour, and it’s only a step away from the 24-hour low of 170.82.
In plain English: this kind of drop is the most nerve-racking—after falling all day, it’s still probing lower in the middle of the night. Anyone holding it probably isn’t sleeping well, while those on the sidelines are debating whether to dip in. If it can’t hold 170.82, the next stop is a new low, with little support in between.
I’m inclined to wait and see for now, because a 2.62% drop in an hour suggests the selling pressure hasn’t run its course. Rushing in now would just be guessing where the bottom is. But if it stabilizes around 170.82 and stops falling, I’ll change my mind immediately.
If it can’t hold 170.82, how much further do you think it could fall?
$NVDAB
#NVDAB #MarketAnalysis
In plain English: this kind of drop is the most nerve-racking—after falling all day, it’s still probing lower in the middle of the night. Anyone holding it probably isn’t sleeping well, while those on the sidelines are debating whether to dip in. If it can’t hold 170.82, the next stop is a new low, with little support in between.
I’m inclined to wait and see for now, because a 2.62% drop in an hour suggests the selling pressure hasn’t run its course. Rushing in now would just be guessing where the bottom is. But if it stabilizes around 170.82 and stops falling, I’ll change my mind immediately.
If it can’t hold 170.82, how much further do you think it could fall?
$NVDAB
#NVDAB #MarketAnalysis