#NVIDIA $NVDA The new leader!Nvidia is the world's number one after passing $MSFT.
-Valuation soars to $3.34 trillion.
Nvidia completed a 10-for-1 stock split on June 7. The chipmaker last month posted yet another blockbuster quarter, noting a 262% increase in revenue and a 462% increase in profits year-over-year.
I'm not going to write to much here. The market sentiment is clearly bullish and here are my projections for $NVDA.
The chart should speak for itself. Targets zone is shown on the chart.
Short term, expect price to consolidate withing the red projection marker based on divergences and anomalies in the relative strength index followed by a continuation of the upwards trend (green projection marker).
Targets: (-128),146,160,200
|----Range-----|
(alfa)
I will take a bullish longer term stand on NASDAQ:NVDA from where we currently sit. Short term, expect a pullback/consolidation at the current level before a possible continuation.
(Can add more intraday targets if requested).