As posted before after the earnings report we’ve seen the stock drop from 127 to 105 after a blowout report. Here’s my current idea of a scenario
1. NVDA Settles around the price of $111 & $100 before US DATA Thursday and Friday
2. NVDA buy opportunities towards $125-$140 or above
3. Stocks can rise on a worst than expected US Data, propelling the index market to all time highs as well as gold. This current correction phase is healthy, and needed.
4. NVDA can form a double top resistance at $138-$141 sending the stock into more selling power. Consequently to a price of $90-$50. Waiting for a bounce between this area.
Until new points of possible AI is found and chips are being sold at a higher volume. This can be the EOY stock price. Overall whoever wins presidency will have a significant impact on AI markets.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.