Nvidia - Launching The Final Bullrun!
Updated
Nvidia (
NVDA) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
NVDA) can still rally another +40%:Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Nvidia (NVDA):
Click chart above to see the detailed analysis👆🏻
Very slowly but steadily Nvidia is trending higher, creating all time high after all time high. This slow increase in price is actually something entirely healthy and it really seems to be just a matter of time until Nvidia will again retest the top of the rising channel formation. There is still room towards the upside.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Nvidia (NVDA):
Click chart above to see the detailed analysis👆🏻
It actually kind of sounds unbelievable but Nvidia has been consolidating for more than six months now, although we saw a lot of volatility during this sideways market. Still, it is quite likely that we will see another final push higher, just slowly hugging the resistance trendline like Nvidia did it back in 2018.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
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