Despite of correction in the Tech Sector, Nvidia has been holding up above 487 levels.
It has been trading between 475 to 520 range due to extreme volatility in the past two weeks.
ARM Acquisition will be the next major trigger for a up move.
It has been trading between 475 to 520 range due to extreme volatility in the past two weeks.
ARM Acquisition will be the next major trigger for a up move.
Note
475 to 480 levels is the buying zone!Trade active
Note
As per news update Nvidia Acquired Arm for 40b.Note
10% jump from current levels cant be ruled out cause of ARM acquisition confirmation. 550 may happen sooner than expected!Note
10% done in the first hour of trading session itself!Note
Jefferies & othrs (Merrill Lynch) upgrades Nvidia target to 650 and 680 respectively!Note
Undervalued at this point of time.Note
Tested the buy zone 486 and moved back to 500Note
Nvidia 3000 series sold out due to extremely high demand from miners as the cards are spitting some big numbers (mh/s) in Eth mining. Already tested by many miners and in great demand. Shortage of the new gpus seem highly possible in the near term and with holiday season coming up we may see gaming enthusiasts pay a hefty premium to first hands on them cards.Expecting a great gaming qtrly sales looking forward that may have a positive impact on Top line and bottom line growth.
Note
Playing Exactly as planned.Trade closed manually
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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.