NVIDIALong
NVIDIA - Momentum but need to 'slow down' before continuation
NVIDIA is a renowned technology company known for its cutting-edge advancements in areas like artificial intelligence, gaming, and high-performance computing. With a strong track record of innovation and a leading position in its industry, NVIDIA has established itself as a standout company.
Since October 2022, NVIDIA shares have been on an upward trajectory, and during that time plenty of opportunities (that I all missed!) in buying at breakout points from a solid base and also from a pullback and B.
Looking ahead, there is an anticipation of NVIDIA's stock continuing its upward momentum next week. The missed daily pivot on Friday suggests a potential continuation of buyer's control. Having said that, I do hope the bullish momentum come to a 'halt' when it testing the all time high at $440.27 and then start to make a solid pullback and perhaps form a base above the moving averages, before the stock makes new all time high throughout the year.
Since October 2022, NVIDIA shares have been on an upward trajectory, and during that time plenty of opportunities (that I all missed!) in buying at breakout points from a solid base and also from a pullback and B.
Looking ahead, there is an anticipation of NVIDIA's stock continuing its upward momentum next week. The missed daily pivot on Friday suggests a potential continuation of buyer's control. Having said that, I do hope the bullish momentum come to a 'halt' when it testing the all time high at $440.27 and then start to make a solid pullback and perhaps form a base above the moving averages, before the stock makes new all time high throughout the year.
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