To The Moon

A combination of a seasonal lull for chip makers, rising earnings estimates and a price decline could make for a good setup. So far this year, the PHLX Semiconductor Index has increased 8.7% , but it has declined 7.7% in April. Meanwhile, shares of industry star Nvidia Inc. have declined 12% this month. Then again, Nvidia's stock has risen 61% so far in 2024, after more than tripling in 2023.So what are investors to think of the recent action in the semiconductor space?In the Thursday Need to Know column, Jamie Chisholm shared ideas from equity strategists at Bank of America who had some encouraging words: Semiconductor stocks typically pull back in April and rally in May.

- Post earnings on 21 Nov varied between 509 and 468 - And that was also a break of a double bottom neckline - We are back to test the neckline and look what candle we have there on Friday! - An indecision candle - Means? We can go up or down, anything can happen! So stop guessing and just know where it can go. Upside - Break 502 and we will see some explosive upside as liquidity built below Downside ==> 404 (bottom of area of balance) ==> 375 (top of gap) ==> 306 (gap fill) NVDA - Daily Chart - 2 Dec 2023 @CaptainTiger @macroB @melson @

SummaryThe market can't catch a break; even when the equity market is closed, more inflation data is

Inflation rose more than expected in August even as gas prices helped give consumers a little bit of

Bank of America analyst Vivek Arya had reiterated a Buy rating on Nvidia stock and a Top Pick design

Tesla, Rivian, Lucid, NIO, Xpeng, Li Auto, and Faraday Future fell between 1% and 9%.