The long term graph over the past 16 years shows NVDA peaking at a long term upper channel as it did in 2000 and 2008 indicating that the trend will most likely become negative in the near future
NVDA appears to be topping for a 3rd time over the past 16 to 20 years in concert with the tops of the key markets in 2000, 2008, and 2016. Buyers at this point are hoping that buyers down the road will be willing to buy the stock at a higher price. Right now there is a slow grind up. When sentiment changes to the negative the existing holders will find it...
NVDA is interesting as shown by approcximately 15+ years of pricing beginning in 2000. Notice the humps in 2002, 2008 and now 2016 on the top. And, notice the bottoms during roughly the same periods. Generally this reflects the Dow and S&) over the same period of time. Resistance has a high probability of taking hold in the near future reflecting a possible...
