Greetings,
I'm bullish on NVDA based on the following technicals:
1. Bullish pennant formation, after cup & handle breakout.
2. Bullish consolidation (price moves sideways, while volume declines).
3. Price in consolidation at the 23% FIBO level, which indicates very strong bullish support.
I anticipate NVDA will breakout within the coming weeks, and it will move toward the target of $864 before the end of the year. Please look at my previous educational analysis on NVDA in the related ideas below.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
I'm bullish on NVDA based on the following technicals:
1. Bullish pennant formation, after cup & handle breakout.
2. Bullish consolidation (price moves sideways, while volume declines).
3. Price in consolidation at the 23% FIBO level, which indicates very strong bullish support.
I anticipate NVDA will breakout within the coming weeks, and it will move toward the target of $864 before the end of the year. Please look at my previous educational analysis on NVDA in the related ideas below.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
