basictradingtv

Nvidia -> Earnings Obliteration

Long
NASDAQ:NVDA   NVIDIA Corporation
Hello Traders and Investors,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia💪

A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level.

On the weekly timeframe you can see that Nvidia is not slowing down at all and with today's massive +10% after hour earnings gap Nvidia just created new all-time-highs.

Since the weekly and the monthly timeframe are both back to bullish now, I am simply waiting for a retest of the previous resistance at the $470 level which is then acting as strong support.

Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈

Thank you for watching and I will see you tomorrow!

My previous analysis of this asset:

👇Free Trading Newsletter👇

www.basictrading.net

- - - - - - - - - - - -

Keep your long term vision.
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.