littleriver
Long

Nvidia Bubble

NASDAQ:NVDA   NVIDIA CORP
93 3 1
Looking at Nvidia's chart for patterns. Recent price movement following CC             suggests price is ready to resume upward trend. I have the previous consolidation period before breakout highlighted along with RSI 14 . Recent price and RSI movement is similar to past and may be suggesting we are poised for another run soon. Recent CC             with strong earnings beat further suggests a resumption in upward momentum in this growth stock may be justified. I am seeing a Bullish price target just north of $21.
Mind updating this one?:) Looks intereting
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Here is an updated version based on what has happened so far. I left the first bubble untouched but did change the second to reflect current price action. We are nearing the end of this pattern should it repeat. The market does not always repeat but often it does.
snapshot
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2use littleriver
As Tim would say - when it becomes too obvious, it tends to change its ways
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