sufiansaid

NVIDIA - Momentum but need to 'slow down' before continuation

Panjang
NASDAQ:NVDA   NVIDIA
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.

Penafian

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