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Rant & Rave Blog

Bearish Head And Shoulder Break Down On NVIDIA Corp (NVDA)

Posted by Gareth Soloway Tuesday, January 17, 2017, 12:10PM ET

Read 1135 times

I came across a stock chart pattern break down in progress and wanted to alert other investors and traders. The stock is NVIDIA Corporation (NASDAQ:NVDA) and the pattern is a bearish head and shoulder pattern. The stock chart has already broken the neck-line, signaling a start to the collapse to its calculated target of $94.00. NVIDIA Corp was recently as high as $120.00 before reversing substantially. There are still a ton of investors and funds caught on the long side. These need to be flushed out before a bottom can be made. Note the stock chart below of NVIDIA Corporation. Note the chart below...

 

Swing Traders, you must follow these alerts, click here to view the performance and see why.

 

 

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