Nvidia … Blip and Dip

March 30, 2026 By in Artificial Intelligence, NVDA, Semiconductors, SOXS, SOXS-26-01, SOXX 2 Comments

Then, There’s The Channel

The last update said ‘normal’ market behavior, is for some kind of upward test (not advice, not a recommendation).

Well, this morning’s ‘blip’, could be it.

Adding some intrigue, the attached chart, NVDA on a weekly basis.

If we count all-time highs as Fibonacci Week 1, then we see (aggressively), pivoting lower into a trend and potential channel on Week 21.

This is scary business.

It implies, the ‘demand’ side of this channel (left blue line), is a long way away to the downside (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279

2 responses

  1. I was listening to Jim Roppel the other day and he said Nvidia’s been acting funny. The last 6 earnings reports have been good but the price action is sluggish.

    Like

    • Thanks,

      The last three breakout attempts have failed.

      Today, as you know, we had a sharp up-move. We’ll see if NVDA fails a fourth time. 🙂

      Update on the SOXX and GLW coming up soon.

      Regards,

      Paul

      Liked by 1 person