$NVDA
Added 2024-10-16 09:04:10 +0000 UTCThe US talking about implementing a chip embargo yesterday did not sit well with the market, on top of $ASML's earnings leak which was a miss, caused a wave of selling as $NVDA was approaching its previous ATH level at $141.
It is always interesting to see these separate incidences align with each other
But the fact remains, $NVDA broke out of its wedge that it was ranging in since June to October and may need a retest of this breakout level at $125, where the 20 Day MA is sitting at right now and the 50 Day MA is moving up to now as well
This is also happening as we lead into earnings too next month
So a hold at $125 and they report a strong earnings then $NVDA can jump back up another +10% to its ATH level again and the money machine that is Wall St make another simple +10% gain.
