NVDA Bullish entry? Wait…
The Federal Trade Commission's lawsuit to block Nvidia's proposed acquisition of Arm Ltd. has signaled the end of this expected deal. With the disappearance of favorable expectations, overlaid with a sharp pullback in the overall stock market, investor sentiment turns pessimistic, and price action could be extreme when sentiment escalates to panic. In the long run, the meta-universe concept and its company's earnings growth will attract buyers to enter the market at low price levels.
The summary of my analysis is that short-term price volatility has widened and the probability of a pullback is high, but the long-term remains bullish.
The summary of my analysis is that short-term price volatility has widened and the probability of a pullback is high, but the long-term remains bullish.
Related publications
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.