NVIDIA Corporation Technical Analysis
After a drop of little over 60% in the past year, NVIDIA has created a bullish divergence on a previous support line.
1 Year analyst targets according to Tradingview is 202/share, which constitutes roughly a 60% price increase
from current price.
My plan for NVIDIA as of right now is a swing trade earning to make anywhere from 30-50% in the next couple of months,
I don't see the stock price falling drastically more as of right now, according to the fundamentals we have seen a
drop quite consistently with the drop we have seen thus far reflected in the stock price.
I'm looking to take profit around the previous high of 190/share, most likely liquidating my position at 185/share,
netting a total of +47% ROI from today's price.
If NVIDIA were to drop further, (although I don't see it dropping below 100/share without the help of external factors)
I still think NVIDIA is a solid company as well as they have a major market share in the computer
technology sector, and I will most likely retain my position were the price to drop further, although
this would have to depend on a revision of my current analysis.
Summary:
NVIDIA created a divergence on previous support on 4H chart.
Entry price: 125/share
Target price: 185/share
Long-term holding possible if swing trade does not
turn out as expected, granted fundamentals does not change.
Disclaimer:
It might not be a bad idea to conduct a qualitative analysis
of the computer sector if you want to follow my trade
as there is a lot of external factors happening in the world
that might affect the result of this trade.
1 Year analyst targets according to Tradingview is 202/share, which constitutes roughly a 60% price increase
from current price.
My plan for NVIDIA as of right now is a swing trade earning to make anywhere from 30-50% in the next couple of months,
I don't see the stock price falling drastically more as of right now, according to the fundamentals we have seen a
drop quite consistently with the drop we have seen thus far reflected in the stock price.
I'm looking to take profit around the previous high of 190/share, most likely liquidating my position at 185/share,
netting a total of +47% ROI from today's price.
If NVIDIA were to drop further, (although I don't see it dropping below 100/share without the help of external factors)
I still think NVIDIA is a solid company as well as they have a major market share in the computer
technology sector, and I will most likely retain my position were the price to drop further, although
this would have to depend on a revision of my current analysis.
Summary:
NVIDIA created a divergence on previous support on 4H chart.
Entry price: 125/share
Target price: 185/share
Long-term holding possible if swing trade does not
turn out as expected, granted fundamentals does not change.
Disclaimer:
It might not be a bad idea to conduct a qualitative analysis
of the computer sector if you want to follow my trade
as there is a lot of external factors happening in the world
that might affect the result of this trade.
Trade chiuso: obiettivo raggiunto
Closed trade at 155$ for a 26.6% gain
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.