NVDA is following very predictable patterns for many years now, despite excitement around this stock - stock made "new recent low" and current rally maybe just a part of a "head and shoulders" in the making. If "new all time high" is not reached with in the next few weeks - we will see stock pullback to $50 or less in the next 6-9 month.
Note
****It's been over 2 month from recent "new low" in NVDA and no "new high"(all time high), YET. I would negate my call for pull back only if NVDA breaks in to new all time high and holds for at least 1 full week.
Pullback is still very much so in the makings!!
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.