$NVDA #Nvidia Update: June 8 ahead of 10-1 stock split
Update from previous idea:
"Nvidia Corp. shares have certainly seen momentum in the weeks since the company’s stock-split announcement on may 22, up 27%.
But while investors can derive some real benefits from a stock being split, the biggest reason prices tend to rise in anticipation is the psychological benefit expected from a lower stock price according to a strategist". (mw)
We hit the R5 in this case with the with the positive momentum. We got a double b bounce of the r4 as we wanted for our confirmation.
I did as I prev. said I would and adjusted time range.
I believe we will see a breakout at around our current price (pos. pull for a retest at r5 in one scenario) but most likely we will get a bigger move from where we currently sit.
The move is currently in the bullish favour (but manage your parameters at this stage). We might be due for a correction soon at this phase.
"Nvidia Corp. shares have certainly seen momentum in the weeks since the company’s stock-split announcement on may 22, up 27%.
But while investors can derive some real benefits from a stock being split, the biggest reason prices tend to rise in anticipation is the psychological benefit expected from a lower stock price according to a strategist". (mw)
We hit the R5 in this case with the with the positive momentum. We got a double b bounce of the r4 as we wanted for our confirmation.
I did as I prev. said I would and adjusted time range.
I believe we will see a breakout at around our current price (pos. pull for a retest at r5 in one scenario) but most likely we will get a bigger move from where we currently sit.
The move is currently in the bullish favour (but manage your parameters at this stage). We might be due for a correction soon at this phase.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.