NVDA - Pending breakout from Trendline

AgathaHume
2022-02-10

Looking good but need to breakout from TRENDLINE.Preferably whole candle body above trendline.$NVIDIA Corp(NVDA)$
Bounce from EMA200, Resistance turned Support at 228 ZONE. Can use this level as stop loss.
MCDX Retailer% is relatively higher than Banker% but Retailer is weakening. Banker % increases with Banker Moving Average is pointing upward.
Successful BOD from EMA200 level. Turtle TREND signal remain as BUY. FiFT remain +ve
ATOM is now at BULL ZONE. Waiting for SLOW TURTLE Signal to add position.

Next, let's analyze the recent situation of NVDA from the perspective of commodities. There are rumors that NVDA will soon launch their 40 Series graphics card. Obviously, consumers are waiting for it, but what we don't know is whether it will limit its hash algorithm.

This is an unknown number. The "mining boom" in the past two years has made ordinary consumers very dissatisfied, because the price of graphics cards has doubled several times. Although the price has fallen recently, they still can't buy new graphics cards at the original price, and many mined GPUs are still circulating in the market, and ordinary consumers can't recognize the quality at all. But I'm still optimistic about the future

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Comments

  • AlexTan75
    2022-02-11
    AlexTan75
    great analysis 👍
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