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Technical analysis for Nvidia, the price of the shares broke below the 0.618 FIB retracement on the monthly chart at 150.00$, which opened the door for further declines ahead. The first target for the bearish wave on the weekly chart for the shares of Nvidia is the 1.272 FIB extension at 115.00$, where we also have support. Below 115.00$, we have 0.786 FIB retracement on the monthly chart at 100.00$. If the price of Nvidia shares breaks below 100.00$, that will open the door for a bearish run toward the second target of the bearish wave on the weekly chart, the 1.618 FIB extension at 67.00$.
The first resistance for the shares of Nvidia is 150.00$. The zone between 195.00-209.00$ is a key resistance for the price of the shares of Nvidia.
Daily chart:
Weekly chart:
