NVDA: Earnings Stock of the Day

This big technology stock reports its earnings today AFTER the market closes. Sometimes the after-market reports are not great reports. On the weekly chart, NVDA shows one of the new tops taught in TechniTrader’s Definitive Guide to Market Corrections course. This is a Sheer Cliff top which is a sudden collapse of price after a trading-range sideways pattern of several months. The decline has been very steep and fast. It is resting at weak support. You can see from Accum/Dist that this stock has been in heavy rotation mode by the Dark Pools since 2017. The stock moved up on buybacks and speculation by smaller lots against the heavy rotation by the Dark Pools.