I was pointed to this inverted head and shoulders last night and it's almost too perfect. You can look at the structure and the neckline (slightly declining) and it's perfect.
Well, we just kinda broke out yesterday. Chances are you can get a better entry from here if this is what you want to play. It may (and probably will) chop back under this important trendline. Your stop loss really is around $143 but the target is going to be around $336. Good upside potential if you can wait a while.
This formation has been in the making since April 2022. 9 months of chop and now we might get that move up.
The wave master pro indicator is currently showing signs of exhaustion so you may want to wait for some pullback to get a good entry. Will need patience on this one.
Well, we just kinda broke out yesterday. Chances are you can get a better entry from here if this is what you want to play. It may (and probably will) chop back under this important trendline. Your stop loss really is around $143 but the target is going to be around $336. Good upside potential if you can wait a while.
This formation has been in the making since April 2022. 9 months of chop and now we might get that move up.
The wave master pro indicator is currently showing signs of exhaustion so you may want to wait for some pullback to get a good entry. Will need patience on this one.
Trade active:
You all laughed, but look at her now
Trade closed: target reached:
Patience was necessary but here we are for those of you that were following.
Again, purely technical. I think NVDA has a fair value between $30 and $50 but for now, it looks bullish - the risk is defined if anybody decided to get common stock on this.