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vf_investment
Jan 24, 2023 8:30 PM

NVDA - Cup and handle pattern breakout Long

NASDAQ:NVDA1D
NVIDIA CorporationNASDAQ

Description

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What we can see on the chart is a cup and handle pattern. The price is just breaking out so it's a time to take a long position.

Target: 269 $

MACD looks very bullish on daily timeframe. Increasing bullish momentum and the bullish cross confirms a bullishness of NVDA.

Moreover, the price has been on a higher lows trajectory. Easy long.

Good luck

Trade active

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breakout

Comment

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the price retested the previous resistance as a support. textbook bullish behaviour . More upside!

Comment

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Uptrend continues. Wait patiently for a target!

Comment

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so far so good

Trade closed: target reached

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final target reached . Congratulations
Chart PatternsHarmonic PatternsTrend AnalysisNVDAnvda_analysisnvdalongnvdabuynvdia
Comments
MonkeyBiznas
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Now what??? P/E is insane. Intel earnings were awful. Yet the funds keep pumping this
vf_investment
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@MonkeyBiznas, now what? let's wait for a target to be reached :)
heavy_assault
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@MonkeyBiznas, they keep pumping this tulip meme stock because they are OBSESSED with nvda's AI chips, thinking nvda will cure cancer, build time machines, conquer the galaxy. these market manipulators pumping nvda can't get enough of this tulip dotcom bubble.

they use non GAAP earnings in their price target for nvda, when non GAAP has tons of share based payment and is always much higher than GAAP eps. meh, these manipulator scums and their beloved darling nvda, it's mind boggling.
amcprice
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Careful. Smart money is short here
vf_investment
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@amcprice, opposite. smart money were buying. higher lows..
dgaskov
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i just see the post. this is absolutely stunning! great forecast. what now?! short?
deysaikat95
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Congratulations!
ZRP
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I see inverse H&S. There is also a larger cup & handle with the top of the cup at ~$329.
Th3Unkn0wn
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You are a wizard 🤣👌
vf_investment
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@Th3Unkn0wn, thanks Sir
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