Bearish indicators everywhere for MONTHS but it's still on a steep climb to outer space.
The only direction from here from TECHNICALS seem down. Well it's been that way, lol.
But on the fundamental side, it's doing very well. Follows Bitcoin trend fairly well in fact because of the mining craze going on. Earnings are predicted to be very well, and if there's anything to hold them back it's the ability to supply retailers with graphics cars in time for the hype.
I honestly don't know if anyone can chart this company's shares with precision.
Options trading would be a death wish for me.
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Resistance tested at 191USD, support at $155. Possibly optimal buy in at support in near future.
Better be away from this crazy shares. There are so many nice options INTC, MSFT, MU
manarh
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If you looked at the day volume you would've seen that it's precisely as used to be on 2011 when distribution was taking place, so there is the end.
vessovit
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I don't think we are ever going back to 140s.
Brandon50115
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Love the fundamentals of this company, good current ratio, around $4 EPs, but you're paying about $50 per share. MXIM is cheaper and has an eps growth about the same as nvda. It's looks to be consolidating, may be a good buy. I want to GUESS that nvda will drop to around 160 over the next month or so.
Great chart Tony. What are your thoughts on the pe dropping from 50 to 40?
Brandon50115
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@Brandon50115, edit: paying $50 per $1 earnings, etc
TonyRobinson
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@Brandon50115, Thanks for the feedback. Yes, 160 is the hope... Another with similar fundamentals with a bit weaker earnings and leadership is AMD. Same market, more challenges.