KevinKelly
03-30

The way I see NVDA $NVIDIA Corp(NVDA)$ rn is pretty simple. As long as it stays in this bullish trend that began at the start of 2024, it will remain bullish. No if, ands, or buts about it. I’ve seen some people say this could be a potential double top, but the reality is that Nvidia still remains above its bullish trend line. Additionally, looking at the chart horizontally, it remains stuck in the $840-$974 range while our indicators are already consolidating. This, in my opinion, is a bullish indicator, which makes me believe the stock is currently consolidating for the next leg up. It’s going to take time and no stock obviously just goes straight up. It wouldn’t even surprise me if we take a dip below $840 and fall towards the $771-$824 level, but the reality is we have a company here that has so much demand for its product, it has to pick and choose who it sells to. These are just my opinions.

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