Take Aggressive NVIDIA Profits
@extractoi:
By Alan Farley NVIDIA Corp. (NVDA)posted outstanding gains last week, lifting more than 25% to a four-week high. The turnaround erupted at the 200-day moving average, raising hopes for a sustained bottom and end of the downtrend that started in November. However, long-term cycles are refusing to cooperate, suggesting a buzzsaw of selling pressure as price action navigates the 270s and 280s. Mixed Semiconductor Industry Outlook PHLX Semiconductor Index is flashing the same message, squeezing higher after a rapid descent to a 10-month low. Supply chain issues persistent throughout the industry while the Russian invasion will make it harder to obtain some fabrication materials. China’s obsession with Taiwan isn’t helping matters because that small nation dominates the world’s foundry mar