ContraryTrader Updated   
Weekly chart here with log Scale... . Upper boundary has been respected for years 7years here and so has Weekly 200sma (Purple line)... last test of upper boundary was March .. The resistance is slanted upwards so Technically NVDA can make another high without breaking.. Lets see NVDA did rally after earnings, the upoer boundary or trendline would now be 1080-1100 which would represent another 12-15% move up ..

Here you can see that when NVDA is over 150% extended from its weekly 200sma a crash occurs.. And when i say crash i mean 35-50% dump .. If NVDA was to pop to 1100 that would put it at 275% extended from 200sma and also near resistance.

I think i nvda will pull back to weekly 200sma or 410.00 by fall of 2025 and that if this pops it will be the last high for some time..

Nvda daily chart.. Aftermarket its sitting right at resistance of this wedge here.. 1010$..
Over 1010 and 1050 - 1100 is next .

Below 1000 and 975 and 950 comes
Go over all the major tech companies and you wont find one extended 60% or more from its weekly 200sma...

The closes over bought tech to NVDA is AVGO and its only 100% extended from its 200sma 😭.. Here NVDA is 250% extended from its 200sma: thats the equivalent of Meta jumping to 2000$ per share.

Reversal candle will come after big institutions are done unloading to retailers


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