$NVIDIA Corp(NVDA)$ I have no doubt about NVDA's fundamentals and I'm bullish on the stock on the long-term. However, from a technical analysis perspective, the stock is showing signs of fatigue with a steadily declining 20-day average volume over the past several months.

A clear divergence between volume and price suggests a potential reversal after the earnings release. Generally, after a 194% YTD performance and a broadening of the market since the US election, investors may take profits, which could lead to a pullback in the stock.

But on the chart, NVDA is currently within a rising wedge. A few sellers and possibly some window dressing but that the opportunity as some drop it more will pick it up. My prediction to hit $200 prior to end of 2024. If not then it will during Q1 2025.

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  • syzuhair
    ·11-21 13:29
    will it go above 150 in next week
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    • syzuhairReplying toSandra Nehemiah
      well I will be out if it passed 148
      11-21 16:07
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    • Sandra Nehemiah

      It's tough to predict short-term movements, but given NVIDIA's strong fundamentals and growth prospects, it wouldn't be surprising to see some upside.

      11-21 14:50
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