NVDA Long - NVIDIA
Golden cross about to happen. MA on uptrend.
With AI (eg: Chatgpt) being more and more commonly used. In the coming years we are more likely to see AI based services given directly to consumers. Since the processing power used for these kind of services being high, cloud storage will be a more capex intensive option. Therefore, NVIDA products will be an option to consider.
In terms of TA, a good Support at 224-231 range
Resistance (R1) at 250-258
Resistance (R2) at 314-318
I expect NVIDIA to hit 315 range in a 2 year time frame.
Please note that this is not financial advice, DDYOR.
With AI (eg: Chatgpt) being more and more commonly used. In the coming years we are more likely to see AI based services given directly to consumers. Since the processing power used for these kind of services being high, cloud storage will be a more capex intensive option. Therefore, NVIDA products will be an option to consider.
In terms of TA, a good Support at 224-231 range
Resistance (R1) at 250-258
Resistance (R2) at 314-318
I expect NVIDIA to hit 315 range in a 2 year time frame.
Please note that this is not financial advice, DDYOR.
Note
Retesting support againNote
Nvidia upgraded to Overweight at Morgan StanleyMorgan Stanley upgraded NVIDIA (NASDAQ:NVDA) to Overweight from Equalweight and raised its price target to $304.00 from $255.00.
^From Investing.com
Trade active
Trying to find support at Resistance (1) at 250-258 rangeNote
UPDATE MY TP OF 316 HIT!!Trade closed: target reached
TP OF 316 HIT!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.