Okay so here we go.
I believe NVDA over the next month will reach $230.
Spanning back to September, we started the down trend to $108, then back up. An almost perfect cup. Then dropped again, in another cup pattern, and most recently another cup and handle pattern I identified forming on the 30min, and called the movement correctly this week to see $178 ranges.
Zooming out, there are three cup and handles, and they are all at their break out phase.
The long C&H just finished its handle, and at the breakout.
The medium C&H just finished its handle, and is at the breakout,
The short reached its peak, and I believe it will retrace to $175 levels, before taking off to $200 again. Unless there is some rule of three being a negative thing, I think it will do well. Earnings may give it a wild boost if even avg news comes in.
Anyways please give me your critique. Thank you.
I believe NVDA over the next month will reach $230.
Spanning back to September, we started the down trend to $108, then back up. An almost perfect cup. Then dropped again, in another cup pattern, and most recently another cup and handle pattern I identified forming on the 30min, and called the movement correctly this week to see $178 ranges.
Zooming out, there are three cup and handles, and they are all at their break out phase.
The long C&H just finished its handle, and at the breakout.
The medium C&H just finished its handle, and is at the breakout,
The short reached its peak, and I believe it will retrace to $175 levels, before taking off to $200 again. Unless there is some rule of three being a negative thing, I think it will do well. Earnings may give it a wild boost if even avg news comes in.
Anyways please give me your critique. Thank you.
Commentaire:
Sorry also the long drawing should be green. I wish there was a preview of the chart so I could've fixed this.