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drchelsea1
Mar 19, 2024 6:01 PM

NVDA $930, then $1060 Long

NVIDIA CorporationNASDAQ

Description

0. Notes to follow;

NVDA Technicals

Nvidia coming out of a downward channel, height is $30 or so, and breakout probably around $900, with $930 the next target.

Nvidia also coming out of "failed??" Head & Shoulders, that had a throwback, and the obvious right angled descending, which is quite high, basically $850 to $970 so $120 height. Also, the Head and Shoulders did reach the 98% retracement target, which is really high. So $907 to $877, then $30 on the $877 is $847. We hit a low today of $850. Can't really say failed, as it was almost to the dollar.

Breakout normally around $930

This leaves a technical target for NVDA around $1050

Conclusion: Perfect technical = Stock trading on emotion and MOMO
Comments
Angelik30
Great
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