You should continue to watch this stock in the next few months. If it breaks this trend line and stays above, then consider NVDA as a buy.
The long term graph over the past 16 years shows NVDA peaking at a long term upper channel as it did in 2000 and 2008 indicating that the trend will most likely become negative in the near future
RSI says maybe not yet, but while Nvidia may feel stronger than ever, perhaps global economy isn't able to keep up with the pace. Only time will tell.
NVDA appears to be topping for a 3rd time over the past 16 to 20 years in concert with the tops of the key markets in 2000, 2008, and 2016. Buyers at this point are hoping that buyers down the road will be willing to buy the stock at a higher price. Right now there is a slow grind up. When sentiment changes to the negative the existing holders will find it...
NVDA is interesting as shown by approcximately 15+ years of pricing beginning in 2000. Notice the humps in 2002, 2008 and now 2016 on the top. And, notice the bottoms during roughly the same periods. Generally this reflects the Dow and S&) over the same period of time. Resistance has a high probability of taking hold in the near future reflecting a possible...
NVDA is spiking extremely up. Almost reaching Max profit PT. Standard error of possible profit max target is the green rectangle. Possible setup for a short solely based on technical alone. Short at Profit Max or after reversal pattern develops. Further fundamental research may be need, forecast is subject to change.
NVDA bulls needs to hold 50.83 to have a chance of getting 54.74.
TIME TO BOOK PROFITS AND SELL OF #NVDA CURRENT STOCK PRICES OF NVIDIA ARE A LITTLE OVERPRICED IN THE CURRENT MARKET WITH STIFF COMPETITION FROM AMD AND UNCERTAINTY SURROUNDING THE MARKET AFTER BREXIT EXPECTING 15 - 20% DOWNSIDE MAKING NVDA A GOOD SHORT
Was waiting for a pull back to start a swing position. $NVDA has been in a strong up trend since $39 and watching to see if it breaks this trend at 45.75 and continues past resistance at 47.15.
Good earnings pop and from the powers of GPUs and uses of GPUs beyond graphics. MACD difference shrinking; selling. RSI running overbought; be wary. Would not be surprised if it magnetizes to 45 a little bit or some taking profits near term. Be patient for an entry. Obey your rules.
While I am long term bullish on NVDA, this weekly bear divergence does not look good. I'm expecting a pull back to the 50 MA before resuming uptrend.