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NVIDIA (NVDA) With Five Waves Down

August 28th, 2008 at 8:00 am by AndyAskey

NVIDA Corporation (NVDA) has made 5 waves down from the high and currently sits on the 1:1 ascending Gann angle.  While it is possible that this move extends with more waves down, it may be worth a shot at a short term trade on the long side.

For those looking at the short side, an a-b-c up to near the 50% price retrace level would be a good place to consider selling.

NVDA Chart
Chart courtesy of Stockcharts.com

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