TradingView
Teabo
Apr 6, 2021 9:51 AM

NVDA recovered and smashed it Long

NVIDIA CorporationNASDAQ

Description

As before in my previous idea I scouted the possibility that NVDA was poised to jump, after having just recovered quickly from its 200 day SMA (classic buy-the-dip moment in my books):



After that it's destroyed the downtrend line from February AND has now smashed through it's 550ish resistance band.

Likely scenario is a little consolidation around this level but this could reach for 600 fairly easily as there isn't much in the way to stop this path.

Comment

Pushing higher and higher;

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