Nvidia’s stock price surged last week, reaching an important Fibonacci extension level (361.8).

The rally has been unprecedented. Nvidia (NVDA) is a large cap tech stock and its price has doubled in just 9 weeks!

But something happened last week. Nvidia’s formed a bearish reversal candle on the weekly chart. See chart above.

This is a rare pattern that often times will show up on aggressive/parabolic moves… and often times signals a trading top.

I’m wondering if this will end up being important? Stay tuned!!

This article was first written for See It Markets.com. To see the original post, CLICK HERE.

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