NVIDIA:A correction is expected to occur in the near future.

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NVIDIA:A correction is expected to occur in the near future.NVIDIA CorporationBATS:NVDABatsman-EdwardNVIDIA Corporation (NVDA) beat their earnings estimate yet again. This move seems to have been largely priced in on the previous weeks rally as NVIDIA tends to rise on the results of its partner companies beforehand. This could be the reason why the price is currently dropping. Technically, it is on a similar 1W RSI state as back in early November 2024 and the Higher Highs trend-line comes to add more validity to it. If the pattern continues as in 2024, we may see a test of the 1W MA100 (red trend-line) again, which is where the 2025 bottom was formed. $160 would be a fair medium-term buy entry, unless the 1W RSI hits its 35.50 Support first.