NVDA Reacts Higher from Blue Box After Seven-Swing Pullback
Nvidia Corp. (NVDA) pulled back in a seven-swing corrective structure and reached the blue box support zone at 205.93–187.94, where buyers appeared as anticipated, causing a reaction higher.
NVDA
In an Elliott Wave update, Nvidia Corp. (NVDA) completed a seven-swing corrective pullback that brought the stock into a blue box support area between 205.93 and 187.94. As expected, buyers stepped in at that zone, leading to a bounce higher. The analysis suggests that the pullback may have run its course within the anticipated support area.
Source: FXStreet Forex News