NVDA has been selling off hard over the last week, but I see hope for the bulls over the coming weeks. NVDA is up in after hours strongly due to... well, you could say AMD. In reality, the market moves in waves and is actually not hard to see once the bull/bear blinders are taken off. This is what makes a successful trader: making money on the up and downside. Every movement is like a single breath going into the lungs. Breath in...breath out... NVDA sellers are out of air and now the bulls are coming to suck life into this stock. I still expect a move to 133 in the coming weeks, but let's wait and see what happens at 116. I still would like to see a turn around on the SMA's, so 116 is not the first hurdle before any further incline in price.
Note
I expect NVDA to push through 116 today. Updated PT1 is 119-120, PT2 is 124-125
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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.