Nvidia - The +50% Rally Is Inevitable!

Feb 18

Nvidia (NVDA) is about to create a false breakdown:



Click chart above to see the detailed analysis👆🏻

After the -12% drop on Nvidia last month, Nvidia actually broke the final support trendline towards the downside. However bulls are about to break it again towards the upside, which would confirm the false bearish breakdown, leading to a short squeeze rally of about +50%.

Levels to watch: $140, $200

Keep your long term vision,
Philip (BasicTrading)

Feb 27

Trade active

Trading update on Nvidia (NVDA):



Click chart above to see the detailed analysis👆🏻

Since Nvidia has only one day left before we will see the monthly candle closing, it is 99% expected that Nvidia actually confirmes the bearish breakdown. This would most likely lead to an immediate bearish crackdown and a second drop of about -45% during 2025.

Levels to watch: $140, $70

Keep your long term vision,
Philip (BasicTrading)

Mar 6

Trade closed: target reached

Trading update on Nvidia (NVDA):



Click chart above to see the detailed analysis👆🏻

Market structure is just so simple and even Nvidia is now a candidate which is perfectly following the cycles and my respective analysis. Dropping more than -25% in just a couple of days, it is quite likely that the bearish pressure will continue in the near future.

Levels to watch: $140, $70

Keep your long term vision,
Philip (BasicTrading)