NVDA: Position trade in place, opportunity to come...
My clients and me have been long $NVDA from a couple days ago, before the big gap up and rally from yesterday.
The weekly chart now flashed a huge trend signal here, so catching any dip towards the buy zone on chart would be a great opportunity.
Valuation and positioning improved dramatically, after the bear market in this stock, so now we can look for buys with tremendous upside in the long term in it.
Leverage is quite low here, roughly 1.43x, whilst earning yield sits at 2.13% TTM. It's not too high, but the company has been growing EPS in the past 5 years by 52.5%, in the last year by 30.9%, while sales growth was in the order of 23.2% in the past 5 years. Price to sales is a bit rich here, same as the price to free cash flow ratio, but I'm not too concerned. $NVDA has been rallying widly, and the long term chart still points to further gains to be made. It also has correlated the bull and bear markets in $BTCUSD with some lag, so it seems likely to play catch up to $BTCUSD from here, considering all factors.
Best of luck,
Ivan Labrie.
The weekly chart now flashed a huge trend signal here, so catching any dip towards the buy zone on chart would be a great opportunity.
Valuation and positioning improved dramatically, after the bear market in this stock, so now we can look for buys with tremendous upside in the long term in it.
Leverage is quite low here, roughly 1.43x, whilst earning yield sits at 2.13% TTM. It's not too high, but the company has been growing EPS in the past 5 years by 52.5%, in the last year by 30.9%, while sales growth was in the order of 23.2% in the past 5 years. Price to sales is a bit rich here, same as the price to free cash flow ratio, but I'm not too concerned. $NVDA has been rallying widly, and the long term chart still points to further gains to be made. It also has correlated the bull and bear markets in $BTCUSD with some lag, so it seems likely to play catch up to $BTCUSD from here, considering all factors.
Best of luck,
Ivan Labrie.
Comment:
Potential long term upside #NVDA has is very interesting, it can go up 18x from our entry. In the weekly, upside targets towards the end of the year are compelling too, between 228 and 340
By tomorrow's close, the quarterly timeframe will flash a buy signal, and if it makes a higher quarterly high during Q4 another bullish signal will give us extra confidence in the position and another reason to add once again:
#NVDA
By tomorrow's close, the quarterly timeframe will flash a buy signal, and if it makes a higher quarterly high during Q4 another bullish signal will give us extra confidence in the position and another reason to add once again:
Trade closed manually:
I'm seeing risk in holding long stock positions...Might be safer to stand aside for now.
I'm seeing risk in holding long stock positions...Might be safer to stand aside for now.
Trade active:
Breaking out here is a good thing, weekly target likely to be reached.
Comment:
Very close to the target, likely to reach it this week...I'm still holding longs, since price can keep trending in the longer term.
Trade closed manually:
Target not hit in time, this might go sideways, I'm out.
I would trade it in the short term if viable though...but not holding a long term position.
I would trade it in the short term if viable though...but not holding a long term position.
Dividend adjusted chart breaking resistance here...Looks good. Outperforming the market.