The daily chart has no supports, so we've got to rely on the weekly. Next support is the 100sma (dark blue). We should get there in the next 4-6 weeks.
Stocks are entering the fear phase.
Expect bigger drops as large players get fearful and take profits. If retail also becomes fearful this will compound.
You can see the next 2 supports under that.
$100 NVDA is completely possible sometime this year.
Good luck everyone! Hope you're not holding on for the long-term. NVDA has had 4 months of distribution (December-March). The longer the distribution, the great the next move will be. The move beforehand was down, this move will be bigger than the decline we saw in November.
(Not financial advice)
Comment below.
Stocks are entering the fear phase.
Expect bigger drops as large players get fearful and take profits. If retail also becomes fearful this will compound.
You can see the next 2 supports under that.
$100 NVDA is completely possible sometime this year.
Good luck everyone! Hope you're not holding on for the long-term. NVDA has had 4 months of distribution (December-March). The longer the distribution, the great the next move will be. The move beforehand was down, this move will be bigger than the decline we saw in November.
(Not financial advice)
Comment below.
Dagangan aktif
You guys are gonna love this.BIG PICTURE view of it again.
Look at the cycles.
Nota
*I am holding NVDA puts(Not financial advice, but remember, the biggest gainers during the credit expansion cycle are often then ones that fall the hardest during a credit destruction event. If it ends up just being credit tightening, then I assume we just test the 200sma or a little above that even, but if credit is destroyed and orders are defaulted on, we will break below.
Nota
More notes and details about momentum shiftingNota
Keep in mind, that Ai data centers are heavily energy intensive.As long as this war continues and energy markets are destabilized, this in turn destabilizes NVDA's foundation for all their earnings growth. If Ai companies cannot refinance at lower rates to expand their credit cycle due to higher bond yields and energy prices, they will go bust and NVDA's foundation along with them.
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