2016 - Price formed "U" at/below previous ATH. Slow Stochastic hit overbought then formed "U". Price then broke the ATH and the following bull run lasted 2.4 years and returned 600%+.
2020 - Price formed "U" at/below previous ATH. Slow Stochastic hit overbought then formed "U". Price then broke the ATH.
The 2020 NVDA chart + indicators share many...
So from a fundamental perspective Nvidia has great products and technology, the profit margins are also great. But a 70/1 P/E ratio? Does that seem sustainable? I mean how many years would it take for the P/E to normalize with the price staying the same as it is, to let's say 20/1 which is still high relative to historical standards. Maybe there...
It is very clear that AMD is going to be a few node sizes ahead of Intel for the next few years. On top of that, they will be dominating the console and commercial server market. AMD is highly undervalued here and wouldn't be surprised to see a full 100% extension of the cup by the end of this year.
After a nice run AMD looks to be running out of steam. Should be seeing volume start to pick up soon.
If we get a fake out to the downside and reverse back, I will play buys on the retest of the green tl breakout
X FORCE GLOBAL ANALYSIS:
In this analysis, we take a look at both technicals and fundamentals for Nvidia (NVDA)
- We see a text book reverse head and shoulders pattern
- It seems as though the right shoulder has also finished forming, and our neckline remains around our support at $285
- Our all time high resistance sits at $315
- The Relative...
I believe NVIDIA is going to slightly dip and go back up to an all time high, There is a shooting star indicator and the stock is showing some bearish signs. It is oversold by being near the top on the RSI chart. Despite all of this NVIDIA will continue to grow and the EPS was beaten by 12 cents at 1.80 per share.
Mixed signals bullish chart patterns and bearish chart patterns together! A bulflag and a rising wedge. A double bottom is required along the rising wedge if it is to provide bullish continuation. If not a breakdown will occur post breakout of the bullflag!
Price has printed an inverted head and shoulder pattern. We are looking for price to break and hold above $280. Assuming the market regains traction after the corona virus scare, we should see price reaching back to $315s