NVIDIA Corporation
Corto

NVidia looking toppish

183
NVIDIA seems to be near the completion of its wave 3.

In log scale, we can easily see 5 waves completed forming the inside of wave 3.

In the log scale chart we are also at the resistance area of the line linking the tops.

A pullback, possibly all the way down to $400, would be imaginable for a wave 4.

We are seeing negative divergence on the RSI-21 week which adds a bit of confidence to this call.

New highs in the short term would possibly means that the stock is making extension and going further into its parabolic move.

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