Market Analysis for Jun 10th, 2021


NVDA given out freebie 10 sessions ago at $640, now $700. 

Super tight flag/coiled on 4hr/daily timeframes within its massive weekly uptrend.

Prepping for another acceleration in the coming days. Very bullish and remains best in breed. 

Can extend to $740-750 quickly. Want to see it keep holding above $680 to keep immediate power/momentum.

Context: https://www.elliottwavetrader.net/trading-room/keyword/nvda/user/11114/post-type/both/start-date//end-date//section//chart-duration//chart-category//advanced/match-any

Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.