@wickedstocks8906

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Analysis

72
Correct
9
Fail
30
Pending
32
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QQQ
Entry 570.3500 2025-08-26 04:57 UTC
Target 453.5200
Fail 578.0400
Risk / Reward 1 : 15
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QQQ
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Stocks
Technical
1H
Analysis Predict Bear Market
Body
The analysis for NVDA, using a weekly chart, indicates that the stock has settled below a long-term channel top at 179.94, which could lead to a further southward movement towards 149.29 over the next 2-3 months. A settlement below 172.53 would confirm this bearish scenario. If the week closes back above 179.94, a move towards 219.64 becomes viable again. An intraday resistance level is noted at 183.16. The QQQ (Nasdaq-100) chart shows a similar pattern, having tested the two and half year channel top. Closing above this will validate longer term upward movement.
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