逆势投资
2022-05-05

$NVIDIA Corp(NVDA)$is a global leader in Artificial Intelligence, hardware and software from edge to cloud computing expanded its presence in the gaming industry.

It is a software and fabless company which designs graphics processing units, application programming interface for data science and high performance computing as well as system on a chip units for the mobile computing and automotive market.

NVDA is attractive for bargain hunting with recent drawdown 47.40% from its all time high at 346 to recent Low 182. Post federal reservemeeting announcement of 0.5 basis point hikeand balance sheet reduction commence in June on may 4 has pushed the Dow Jones 932.27points or 2.81% higher, snp 500 index gained 2.99% and nasdaq composite jumped 3.19%.

Technical analysis suggest that there is a price gapped down between 253 to 258 which actas an Immediate resistance, last trading price close at 203 suggest 27% upside rally target for bargain hunting. 

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Comments

  • 逆势投资
    2022-05-05
    逆势投资
    230 would be a nice support for resistance revisit to 258, for next upside challenge of 346
  • Ignatius Teo
    2022-05-05
    Ignatius Teo
    Swimming against waves makes one strong!!!
  • BurnellStella
    2022-05-05
    BurnellStella
    I would wait for it to stabilize before buying.
  • BellaFaraday
    2022-05-05
    BellaFaraday
    Nvidia is poised for a rebound.
  • blessed_1
    2022-05-05
    blessed_1
    good info thanks
  • MR_Wu
    2022-05-05
    MR_Wu
    It's really time to buy on the dip.
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