Long

$NVDA pull back for steeper jump?

Updated

Interest rate sensitive Nasdaq composite index off from its 5 monthly gaining streak marked by strong economy projections reneging expected rate cut in June FOMC meeting. and its peers from Semiconductor industry overall are continuing to follow market downtrend.

Note

It is currently off from Daily uptrend.
Expecting for some resistance or pullback to happen around 0.5 retracement level - $809 price range.

Note

$800-$785 buy zone.
TP1: $880
TP2: $920
TP3: $970

Note

A minor pull back.
Insufficient volume to cause retracement back to the bullish trend.

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Let's see if this keeps the bullish trend line.

Note

TXN price action earning: 6% surge

Price Gap:
$840- upside pivot
$730 - downside pivot

Fair value $820

Kim_CLSPX

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