NVDA, a case of inverted head and shoulders break out?
Hello everyone, we are into the 3rd week of the bull rally. While it is a high risk to believe that the market will still be bullish today, we are in an extraordinary time with world banks throwing massive QE and stimulus into the current Virus fear stricken Economy.
Today, I shall present you a case of inverted head and shoulders, i.e NVDA
Supportive:
1. Broke neckline
2. Above EMA200
3. Price riding on top of short term EMA
4. Target :310-330 (>12%)
Risk
Stochastics is high
Keeping things short, let me have your comments!
Today, I shall present you a case of inverted head and shoulders, i.e NVDA
Supportive:
1. Broke neckline
2. Above EMA200
3. Price riding on top of short term EMA
4. Target :310-330 (>12%)
Risk
Stochastics is high
Keeping things short, let me have your comments!
Comment:
Next target : 320
Comment:
Price has been hesitant since breaking out. NVDA next earnings will be in less than a month's time. Took another nibble.
Comment:
Price is charging towards 325, 350
We have an earning call on 22 May (Fri)
As NVDA normally beat EPS, have the tendency to up before earning
We have an earning call on 22 May (Fri)
As NVDA normally beat EPS, have the tendency to up before earning