πππI am fortunate that I did not miss the boat on $NVIDIA Corp(NVDA)$ . However in the short term Nvidia may face some volatility due to the US Chinese geopolitical relationship but I believe Nvidia will continue its exponential growth in the future.
Nvidia has a wide moat in terms of its dominant position in AI chips which is in such high demand that it has a time lag in supplying them.
@Tiger_Academy @TigerStars @Tiger_comments
[Yield Hunting Recommendation]Missed the low entry point for NVDA? Don't regret itβgive FCN a shotοΌ
@Tiger_AcademyοΌHello, Thereβs a saying in the capital markets: You canβt catch every opportunity. The market is ever-changing, and lows often only become clear in hindsight. You were indifferent to NVIDIA at $120, found it out of reach at $143, and now, even though its current price hasnβt broken previous highs, it still feels heavy under pressure. Even if itβs a stock worth holding long-term, getting in at the wrong point can still leave you burdened by a high entry price. Letβs take a look at NVIDIAβs current trend. Technical Analysis Current Price (as of December 6, 2024): $142.44 Support and Resistance Levels Support: $115.85 Resistance: $152.75 From the current price position, it is close to the resistance level at $152.75. This suggests that if the price breaks above $152.75, it may have further upside potential. However, caution is needed near this level due to the risk of a pullback. Short-term Technical Signals Overall Bias: Mildly bullish Key Indicators: Momentum indicators are trending upward. The 60-day moving average remains in a bullish alignment, with short-term moving averages showing a crossover. The RSI (Relative Strength Index) is still in the strong zone. For a dominant large-cap stock like NVIDIA, bearish events during its upward movement often encounter strong support. For instance, this week, due to the impact of an antitrust investigation, NVIDIAβs stock price dipped below $140 again, increasing volatility. Meanwhile, the yield quotes on FCNs (fixed coupon notes) have risen accordingly. That's all for this edition. For more past content, please check the link: MSTR is too volatile, how to handle highly volatile stocks for long-term investing?-To The Moon - Tiger Brokers Online Investing Community - To The Moon How long can Meta's upward trend continue?-To The Moon - Tiger Brokers Online Investing Community - To The Moon
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
