TradingView
Kim_CLSPX
Apr 9, 2024 6:11 PM

$NVDA pull back for steeper jump? Long

NVIDIA CorporationNASDAQ

Description

Interest rate sensitive Nasdaq composite index off from its 5 monthly gaining streak marked by strong economy projections reneging expected rate cut in June FOMC meeting. NASDAQ:NVDA and its peers from Semiconductor industry overall are continuing to follow market downtrend.

Comment

It is currently off from Daily uptrend.
Expecting for some resistance or pullback to happen around 0.5 retracement level - $809 price range.

Comment

$800-$785 buy zone.
TP1: $880
TP2: $920
TP3: $970

Comment



A minor pull back.
Insufficient volume to cause retracement back to the bullish trend.

Comment



Let's see if this keeps the bullish trend line.

Comment



TXN price action earning: 6% surge

Price Gap:
$840- upside pivot
$730 - downside pivot

Fair value $820
Comments
vikrambhatia
anything below $850 is a buy zone. LT price target is $1000 before the next earnings release in 43 days
Kim_CLSPX
@vikrambhatia, If you are willing to hold as much as it need then yes, but that is not the goal of trading mate. The goal is to minimize the risk of losing. Yet, I agree with you.
Kim_CLSPX
`
Solaire-chartmeister
Last time everyone was pointing out a H and S top it failed and sparked a massive run.
Schteven
@Solaire-chartmeister this is not that time
Solaire-chartmeister
@Schteven keep believing.
usmccop
Chart patters are usually fake news. 🗞️
More