Fibonacci Analysis Highlights NVDA Setup

Carolyn Boroden notes that a setup in NVDA from late December reached its potential this week.  

Carolyn, who co-hosts the Fibonacci Markets & Stocks service, explains, "The setup was a healthy price cluster with at least 4 Fibonacci price relationships that came together in the 136.89-138.60 area. This zone was tested, and it held the low at 138.84 made on Dec 28, which was just a little short of the zone at 138.60. A beautiful rally followed into the Mar 9 high here."

She adds, "The setup has met 2 upside targets already, and we are now watching the new pullback zones for possible new entries."