GroundNinja

NVDA Breakout into ER

Long
NASDAQ:NVDA   NVIDIA
NVDA shares are >+5.75% for the session. Post news of dissolved ARM acquisition did little to waver price action, but rather brought back buyer participation and exuberance. NVDA broke out from the 20SMA to gap up for the session. Next KL is recapture of 50SMA @ 275.93, then 284.60 which will mark NVDA's breakout from channel it has been in since November 2021. NVDA reports ER on Feb 16, 2022 after the bell/ Target Price >330, ATR: 14.25, Beta 1.42
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