NVDA – February 19, 2024

Last post on NVDA: https://atomic-temporary-44460632.wpcomstaging.com/2023/08/11/nvda-august-11-2023/

When I look back at NVDA it’s been an interesting ride. I don’t trade it or own it, I enjoy charting it as a barometer of the overhyped insanity of this market. And, it’s a good use of my time picking off points of inflections and such .. I’m actually looking to deploy capital in the forex world but I just can’t seem to find a pattern. Ain’t going to force it …

Anyway, do I think it’s about time the NVDA rocket ship pauses – sure. It’s been on a crazy trajectory. I have the good old measured move abcd target at/around 7878 and come other targets a little higher and a little lower. It might have hit the extension target and that’s it. I know, wait until the PATTERN completes and, unfortunately, that’s a little higher.

While the patter was never hit for the buy, the “chart angle” did hold which I did identify if you go back a few posts. I just forgot about it and then the “chart art” was erased and there it was … oh well.