NVDA$ - possible pullback to $50 (-67% from pick) in the making.
NVDA have done this before (67% pullbacks after long rally).NVDA is following very predictable patterns for many years now, despite excitement around this stock - stock made "new recent low" and current rally maybe just a part of a "head and shoulders" in the making. If "new all time high" is not reached with in the next few weeks - we will see stock pullback to $50 or less in the next 6-9 month.
Catatan
****It's been over 2 month from recent "new low" in NVDA and no "new high"(all time high), YET. I would negate my call for pull back only if NVDA breaks in to new all time high and holds for at least 1 full week.
Pullback is still very much so in the makings!!
Trading ditutup: stop tercapai
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