NVIDIA Corporation
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NVIDIA: When the Earnings Beat is Just Not Good Enough

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Another Earnings Report by NVIDIA and another minor sell off in the after hours. At this point in time the market has long fully adapted and constantly expects NVDA to do just that: Over deliver on every single promise made.
So far Huang has not let us down, but this really is a dangerous place to operate from.

Primary Scenario
Currently, we see NVDA in the final upward stage of a larger bullish cycle and are preparing for further gains into our red Target Zone ($227.38–$260.60). The cycle top is expected to form within this range.

Long-Term Outlook
The daily chart shows that, following the regular completion of the upward cycle, we primarily anticipate a significant sell-off phase, which should subside near—but still above—support at $86.

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