NVIDIALong
NVDA $930, then $1060
0. Notes to follow;
NVDA Technicals
Nvidia coming out of a downward channel, height is $30 or so, and breakout probably around $900, with $930 the next target.
Nvidia also coming out of "failed??" Head & Shoulders, that had a throwback, and the obvious right angled descending, which is quite high, basically $850 to $970 so $120 height. Also, the Head and Shoulders did reach the 98% retracement target, which is really high. So $907 to $877, then $30 on the $877 is $847. We hit a low today of $850. Can't really say failed, as it was almost to the dollar.
Breakout normally around $930
This leaves a technical target for NVDA around $1050
Conclusion: Perfect technical = Stock trading on emotion and MOMO
NVDA Technicals
Nvidia coming out of a downward channel, height is $30 or so, and breakout probably around $900, with $930 the next target.
Nvidia also coming out of "failed??" Head & Shoulders, that had a throwback, and the obvious right angled descending, which is quite high, basically $850 to $970 so $120 height. Also, the Head and Shoulders did reach the 98% retracement target, which is really high. So $907 to $877, then $30 on the $877 is $847. We hit a low today of $850. Can't really say failed, as it was almost to the dollar.
Breakout normally around $930
This leaves a technical target for NVDA around $1050
Conclusion: Perfect technical = Stock trading on emotion and MOMO
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.