0. Notes to follow;
NVDA Technicals
Nvidia coming out of a downward channel, height is $30 or so, and breakout probably around $900, with $930 the next target.
Nvidia also coming out of "failed??" Head & Shoulders, that had a throwback, and the obvious right angled descending, which is quite high, basically $850 to $970 so $120 height. Also, the Head and Shoulders did reach the 98% retracement target, which is really high. So $907 to $877, then $30 on the $877 is $847. We hit a low today of $850. Can't really say failed, as it was almost to the dollar.
Breakout normally around $930
This leaves a technical target for NVDA around $1050
Conclusion: Perfect technical = Stock trading on emotion and MOMO
NVDA Technicals
Nvidia coming out of a downward channel, height is $30 or so, and breakout probably around $900, with $930 the next target.
Nvidia also coming out of "failed??" Head & Shoulders, that had a throwback, and the obvious right angled descending, which is quite high, basically $850 to $970 so $120 height. Also, the Head and Shoulders did reach the 98% retracement target, which is really high. So $907 to $877, then $30 on the $877 is $847. We hit a low today of $850. Can't really say failed, as it was almost to the dollar.
Breakout normally around $930
This leaves a technical target for NVDA around $1050
Conclusion: Perfect technical = Stock trading on emotion and MOMO