NVIDIA - Intraday expiry - We look to Buy a break of 710.15 (stop at 694.15)
Price action has formed a bullish ascending triangle formation. There is no clear indication that the upward move is coming to an end. Daily signals for sentiment are at overbought extremes. In our opinion, this stock is overvalued. A break of the recent high at 709.44 should result in a further move higher. The bias is to break to the upside.
Do you believe it’ll hit 750-800 before earnings??
Erictaylor
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@TomDen1 I don’t think so personally but it’s hard to say for sure. I tried to line up some fib extensions from the lows in 2022 abd I got a 1.618 fib around 727$. Curious to see how that’ll play out but if we do reject there hard then we may have to bleed back into 500s.
K9Fowler
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Profit target $800
TomDen1
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@K9Fowler I don’t think know about this, unless we have two days of $30 or more price spikes after hours
Erictaylor
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@TomDen1 I don’t think he means in the next few days. I think he means this year