$NVIDIA Corp(NVDA)$ Shorts don't get it. All the major stocks with earnings the past 2 months rallied 1-2 weeks after earnings. NVDA is supported by the 50 sma.
The 8, 21, 34, ma's, RSI, and MACD are turning upward. NVDA is in strong position to rally after earnings like the other big players.
Look at the daily from 08/05-08/19: in 11 trading days it went from a low of 90.69 to a high of 130. That was a 43.34% move in 11 trading days! NVDA has shown recently it's ability to move up very quickly.
I'm not calling for another 43.34% move into eoy, but I am calling for a strong rally into eoy. If NVDA rallied HALF of the 43.34% rally which is 21.67%, that puts NVDA at 167. Past history is a strong indicator of future moves. [Smart][Smart][Smart]
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