[Yield Hunting Recommendation]Missed the low entry point for NVDA? Don't regret it—give FCN a shot！

Hello,

There’s a saying in the capital markets: You can’t catch every opportunity. The market is ever-changing, and lows often only become clear in hindsight.

You were indifferent to NVIDIA at $120, found it out of reach at $143, and now, even though its current price hasn’t broken previous highs, it still feels heavy under pressure. Even if it’s a stock worth holding long-term, getting in at the wrong point can still leave you burdened by a high entry price.

Let’s take a look at NVIDIA’s current trend.

Technical Analysis

Current Price (as of December 6, 2024): $142.44

Support and Resistance Levels

• Support: $115.85

• Resistance: $152.75

From the current price position, it is close to the resistance level at $152.75. This suggests that if the price breaks above $152.75, it may have further upside potential. However, caution is needed near this level due to the risk of a pullback.

Short-term Technical Signals

• Overall Bias: Mildly bullish

• Key Indicators:

  • Momentum indicators are trending upward.

  • The 60-day moving average remains in a bullish alignment, with short-term moving averages showing a crossover.

  • The RSI (Relative Strength Index) is still in the strong zone.

For a dominant large-cap stock like NVIDIA, bearish events during its upward movement often encounter strong support. For instance, this week, due to the impact of an antitrust investigation, NVIDIA’s stock price dipped below $140 again, increasing volatility. Meanwhile, the yield quotes on FCNs (fixed coupon notes) have risen accordingly.

That's all for this edition. For more past content, please check the link:

MSTR is too volatile, how to handle highly volatile stocks for long-term investing?-To The Moon - Tiger Brokers Online Investing Community - To The Moon

How long can Meta's upward trend continue?-To The Moon - Tiger Brokers Online Investing Community - To The Moon