NVIDIA BUY ZONES ACTIVE ?
As posted before after the earnings report we’ve seen the stock drop from 127 to 105 after a blowout report. Here’s my current idea of a scenario
1. NVDA Settles around the price of $111 & $100 before US DATA Thursday and Friday
2. NVDA buy opportunities towards
$125-$140 or above
3. Stocks can rise on a worst than expected US Data, propelling the index market to all time highs as well as gold. This current correction phase is healthy, and needed.
4. NVDA can form a double top resistance at $138-$141 sending the stock into more selling power. Consequently to a price of $90-$50. Waiting for a bounce between this area.
Until new points of possible AI is found and chips are being sold at a higher volume. This can be the EOY stock price. Overall whoever wins presidency will have a significant impact on AI markets.
This is a prediction. Good luck to all!
1. NVDA Settles around the price of $111 & $100 before US DATA Thursday and Friday
2. NVDA buy opportunities towards
$125-$140 or above
3. Stocks can rise on a worst than expected US Data, propelling the index market to all time highs as well as gold. This current correction phase is healthy, and needed.
4. NVDA can form a double top resistance at $138-$141 sending the stock into more selling power. Consequently to a price of $90-$50. Waiting for a bounce between this area.
Until new points of possible AI is found and chips are being sold at a higher volume. This can be the EOY stock price. Overall whoever wins presidency will have a significant impact on AI markets.
This is a prediction. Good luck to all!
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