NVIDIA - No Theatrics

NVIDIA - NVDA

Earnings Release today (After Close)
Earnings Est: 2.082
Reported: (TBC later today / will re-share)

Revenue Est: $11.186 Bln
Reported: (TBC later today / will re-share)

Mid Term Chart
- A correction would be welcome
- Revisit of 10 month SMA @ c.$348 would be ideal

Long Term Chart
- Above 10 month SMA still
- Could bounce off the 10 month SMA as it has in the
past and continue upwards.
- Losing 10 month SMA we cold fall into orange zone

PUKA

Comment:

NVIDIA - NVDA

Earnings Release

Earnings
Estimate: $2.07
Reported: $2.70 ✅

Revenue:
Estimate: $11.04 Bln
Reported: $13.51 Bln ✅

Q3 Forward Revenue Projection: $16 BILLION ✅ (>170%+ YOY)

Additional $25 Bln approved in share buy backs✅

Market closed at $466 and after markets are at $504 at present and went as high as $515.

Long term I've been leaning bullish for months but i did expect a pull back here. It would have been healthy. So I'm cautious now... we could be reaching into parabola now and that means we need to change the strategy, lower timeframes and be more nimble.

These earnings, forward guidance and some of the detail in their release is absolutely remarkable. People are shocked and surprised. I've never seen so many factions of a company in growth mode.

Id be very interested to check the OBV tomorrow on the open... maybe we burst higher. We may need to lower timeframes and start trying to catch momentum, whilst watching for sudden changes to the downside.

The cup and handle speaks for itself I guess, as does the long term channel. If those targets are hit, exit.

Be very interesting tomorrow. I'll lower timeframes and see what's happening