gingerheadtrader

NVDA headed to $190 , stop loss $160

NASDAQ:NVDA   NVIDIA
NVDA is in a very steep climb right now but that doesn't mean there isn't room for more. Plenty of analysts are still bullish and the chart suggests there could be room for more upside. NVDA announces earnings 8/10 and if its anything like AMD, the cryptocurrency surge might have unexpectedly helped sales this quarter. Watch for a climb within this channel, especially if it breaks current resistance at the all time high. Be weary if it drops below $160 or the bottom of the channel, stop losses would be set there for me.

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