$NVDA #Nvidia Update: June 8 ahead of 10-1 stock split
Update from previous idea:
"Nvidia Corp. shares have certainly seen momentum in the weeks since the company’s stock-split announcement on may 22, up 27%.
But while investors can derive some real benefits from a stock being split, the biggest reason prices tend to rise in anticipation is the psychological benefit expected from a lower stock price according to a strategist". (mw)
We hit the R5 in this case with the with the positive momentum. We got a double b bounce of the r4 as we wanted for our confirmation.
I did as I prev. said I would and adjusted time range.
I believe we will see a breakout at around our current price (pos. pull for a retest at r5 in one scenario) but most likely we will get a bigger move from where we currently sit.
The move is currently in the bullish favour (but manage your parameters at this stage). We might be due for a correction soon at this phase.
"Nvidia Corp. shares have certainly seen momentum in the weeks since the company’s stock-split announcement on may 22, up 27%.
But while investors can derive some real benefits from a stock being split, the biggest reason prices tend to rise in anticipation is the psychological benefit expected from a lower stock price according to a strategist". (mw)
We hit the R5 in this case with the with the positive momentum. We got a double b bounce of the r4 as we wanted for our confirmation.
I did as I prev. said I would and adjusted time range.
I believe we will see a breakout at around our current price (pos. pull for a retest at r5 in one scenario) but most likely we will get a bigger move from where we currently sit.
The move is currently in the bullish favour (but manage your parameters at this stage). We might be due for a correction soon at this phase.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.