Stock analysis coming this week from various sources saying "Time to Pull The Trigger on NVDA" .. Is it ?
Let's take a quick look ..
- NVDA has recently formed the famous VCP (Volatility Contraction Pattern) - a good sign for a possible breakout soon
- but the VCP is forming below the 50SMA (blue) and 100SMA(gray) lines
- also there's a "supply pocket" (white rectangle) forming a resistance area at $115
- the good sign is, yesterday (on hype from GOOG and MSFT earnings, NVDA finally broke towards the 50SMA and looks like trying to get above) - first time since wk4 Feb
So when is the ideal entry? what do i need to see ?
=====================================
- Price needs to get above the 50SMA (blue Line) - Which will cause the MACD main line to get into positive zone
- 20SMA (purple line) gets above 50SMA (blue line)
- Ideally price breaks above the 2 pivot levels marked on the chart $115 and $123
- The US market needs to stabilize for all of this to happen :)
- Note: NVDA analysts (upside) price targets are between $160 (avg) to $236 (highest) - See NVDA forecast page in TV. So patience should be rewarded. Let's get to the safe zone first.
thoughts ?
Let's take a quick look ..
- NVDA has recently formed the famous VCP (Volatility Contraction Pattern) - a good sign for a possible breakout soon
- but the VCP is forming below the 50SMA (blue) and 100SMA(gray) lines
- also there's a "supply pocket" (white rectangle) forming a resistance area at $115
- the good sign is, yesterday (on hype from GOOG and MSFT earnings, NVDA finally broke towards the 50SMA and looks like trying to get above) - first time since wk4 Feb
So when is the ideal entry? what do i need to see ?
=====================================
- Price needs to get above the 50SMA (blue Line) - Which will cause the MACD main line to get into positive zone
- 20SMA (purple line) gets above 50SMA (blue line)
- Ideally price breaks above the 2 pivot levels marked on the chart $115 and $123
- The US market needs to stabilize for all of this to happen :)
- Note: NVDA analysts (upside) price targets are between $160 (avg) to $236 (highest) - See NVDA forecast page in TV. So patience should be rewarded. Let's get to the safe zone first.
thoughts ?
Nota
Here's another view that shows the setup we would be looking for and how it manifested in the past - useful ?
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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.