I'm bullish on playing long. It's on an upward trend and has touched the line twice. I need three or more touches to give a bull signal. I predict it will retract more than the pump. Honestly, this stock could bloom or boom to the floor. From a fundamental standpoint, the company holds a bright future with the AI and tech boom. I hope they pull through with the tech boom and that the tech boom will use NVIDIA as a powerhouse asset.
Note
I'm looking at the FIB indicator, which shows that the price might be stuck in limbo if it doesn't break its 52-week high. Let's hope for the best and expect the worst.
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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.