NVDA: When to BUY it?
Hello traders and investors! Let’s see how NVDA is doing today!
In the 1h chart, we see a clear bull trend. NVDA is doing higher highs/lows, and there is no technical reason to believe it’ll drop or reverse.
The $ 272 is a key point and an amazing support level that is holding NVDA. This point was a previous top, and it worked as a support today, and it is quite close to the 21 ema.
Only if NVDA loses this key point, it might do a decent correction. As long as it stays above the $ 272, the bull trend will persist, as usual.
In the daily chart, we see that NVDA reversed the bearish bias for good, and now it is bullish again. If it loses the $ 272, I see it doing a pullback to the 21 ema in the daily chart, and that’s not the end of the world.
Even if NVDA corrects, the bullish bias would be intact in the daily chart, and it would probably be another opportunity to buy. Remember: Buy near supports. Sooner or later, NVDA will have a good Risk/Reward ratio again. Our last amazing buy opportunity on NVDA was when it was near the $ 200, and I did warn you guys about it in this public analysis:
It was one of my few public calls, and since then it is doing extremely well. I’ll keep you guys updated on it, so remember to follow me to not miss any of my future analyses!
In the 1h chart, we see a clear bull trend. NVDA is doing higher highs/lows, and there is no technical reason to believe it’ll drop or reverse.
The $ 272 is a key point and an amazing support level that is holding NVDA. This point was a previous top, and it worked as a support today, and it is quite close to the 21 ema.
Only if NVDA loses this key point, it might do a decent correction. As long as it stays above the $ 272, the bull trend will persist, as usual.
In the daily chart, we see that NVDA reversed the bearish bias for good, and now it is bullish again. If it loses the $ 272, I see it doing a pullback to the 21 ema in the daily chart, and that’s not the end of the world.
Even if NVDA corrects, the bullish bias would be intact in the daily chart, and it would probably be another opportunity to buy. Remember: Buy near supports. Sooner or later, NVDA will have a good Risk/Reward ratio again. Our last amazing buy opportunity on NVDA was when it was near the $ 200, and I did warn you guys about it in this public analysis:
It was one of my few public calls, and since then it is doing extremely well. I’ll keep you guys updated on it, so remember to follow me to not miss any of my future analyses!
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