Nvidia hit the wall of it resistance.
According to the ascending triangle it could get lower before the lines meet.
According to the MA 20/50, togh times are ahead.
Waiting for 10 August Earnings to take a position.
This stock is being pumped up so much. Thinking of shorting it. Audi just announced that Intel will provide with chips for the Audi A8 so they are not using Nvidia anymore. And all other partnerships doesn't have any longterm agreement nor they are exclusive. I would be careful going long on this one especially at these prices.
Pay a close attention. This stock is extremely pumped up. I will be very cautious and take profit at these levels if I were you. It's always not worth it to hold a stock hoping for extra 5% when the risk is getting higher. I believe greed itself will crash the share prices of Nvidia back to $70s over the next 12 months.
NVDA is continues with crazy growth. We almost touched 170 briefly, which was extremely unexpected. Here is a view on the channel we are back to. Was it a quick previous of future to come?
After successfully reaching 155, as previously discussed and even 160-165, here is my new setup for the summer and next September. 190 is the new target, which with the current...
Shikou span has crashed into the price at the $164.00 line.
The Senkou spans of the cloud are starting to tighten.
The squeeze indicator is on with slight downward pressure.
Vol is a trending slightly lower.
Bulls feel very complacent at the moment, and the stock could stray under its lower trend line and hit the cloud.
Next day or two will be choppy....
as I am reading about AI and how so many illustrious minds are speaking about the potential dangers related to AI
I then look up NVDA and its chart
and it is quite impressive
to say the least
stock-wise and price-wise...
F. Normandeau
NVIDIA just confirmed its latest breakout, as it managed to break a resistance line and hence converted it into a support line. Therefore, everything looks good for another breakout to reach a new all time high.
