NVIDIA Is Setting A Bull Trap
Within 14 days, NVIDIA shares have gained more than 43%. The normal madness of the tech star of the last two years.
A new ATH has been set. Now... We see things a little differently. We are currently assuming that NVIDIA (like the market as a whole) is setting up a bull trap. However, we initially expect NVIDIA to rise to the USD 132 area before the price turns down. We select the open gap at just over USD 112 as the target area.
In our view, this price target represents a minimum price target, as we expect a very pronounced correction in the overall market of 25-35% in the longer term (for the next six to twelve months).
A new ATH has been set. Now... We see things a little differently. We are currently assuming that NVIDIA (like the market as a whole) is setting up a bull trap. However, we initially expect NVIDIA to rise to the USD 132 area before the price turns down. We select the open gap at just over USD 112 as the target area.
In our view, this price target represents a minimum price target, as we expect a very pronounced correction in the overall market of 25-35% in the longer term (for the next six to twelve months).
Pesanan dibatalkan
We cancel this order as the market seems to be in an overall bullish condition.
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.