NVDA is clearly bullish since we lack bearish structure
First, $NVIDIA Corp(NVDA)$ defeated the resistance at purple trendline, which we talked about in our last study, and it retested the $ 198, only to drop to the purple trendline again, but this time, to retest it as a support level . This is another example of the Principle of Polarity in Technical Analysis . What’s more, the area around the 21 ema is another good support to work with, and the main challenge on NVDA is the resistance at $ 198.80. If NVDA defeats this resistance, we might fly to higher levels again. In addition, keep in mind that the $ 198.80 is a pivot point in the daily chart , which could take it to the ATH again, easily. We have many bullish signs on NVDA: A pivot point ; it found a support at the 38.2% Fibonacci Retracement ; and
$NVIDIA Corp(NVDA)$ While July 2021 was a positive month for me it was not stellar! We had great things going such as a GDP growth of over 6.2%, inflation under control, almost all companies beat expectations, more people have returned to work , e commerce and shopping centers are busy, more travelers, more restaurants reopened for in person treatment and services, cruise lines are operating and camp grounds and vacation sites are open. Airlines are opening at over 100% capacity and the market is doing well . And yes Nvidia and the chip sector doing outstanding. I am predicting the next 5 months will be great. We may endure some restrictions due to a new variant but we will endure and overcome. It has already been predicted that Nasdaq is headed to 3
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I got banned from xbox live for inappropriate language. Might short on Monday cause they’ve gotten soft. If you’re constantly carrying randos. it’s tiring work.$Microsoft(MSFT)$
strong move today with most of the overall market recovering, closed below daily 9ema, I still see this as a great short opportunity PT $260$Microsoft(MSFT)$
Goldman Sachs analyst said the SP500 might be topped off...last week. I never listen to $(GS)$, but maybe right this time. Down 3% I bet$ARK Innovation ETF(ARKK)$