littleriver

Nvidia Bubble

Long
NASDAQ:NVDA   NVIDIA
1
Looking at Nvidia's chart for patterns. Recent price movement following CC suggests price is ready to resume upward trend. I have the previous consolidation period before breakout highlighted along with RSI 14 . Recent price and RSI movement is similar to past and may be suggesting we are poised for another run soon. Recent CC with strong earnings beat further suggests a resumption in upward momentum in this growth stock may be justified. I am seeing a Bullish price target just north of $21.
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