NVDA to Collapse.

Daily Plan 8.27.24

Hey-

So from last night’s plan, the level I shared was exact high of the day before we sold off about 50 dollars.

Coincidentally, or not, the low today was from the level I shared last night. As well as mid day resistance at that level I shared in chat below.

If you have not, make sure you upgrade to paid membership to receive such cutting edge levels every single day for most part. No where else can you find such levels, unless you were spending 6-8 hours every day pouring thru time and sales data. Subscribe now before price hikes. Frankly if someone gave me such levels, I am open to pay up to $500 every month.

All eyes should now turn to NVDA. On 28th.

It is 125 now.

Long term readers know my bias on NVDA. I became bull on this when this was 40! Then again last ER I was a bull and I was a bull at 95 most recent before it moved to 130!

If you are a long term reader you know how I feel about NVDA. You know my long term outlook for NVDA.

I feel it is the hottest growth company on the planet right now. Growing top and bottomline by billions every year!

CEO Jensen has diligently and religiously advanced interests of NVDA over decades and has positioned the company well.

Due to these reasons, I am bullish on NVDA for the ER. I am expecting a test of 140-143 on NVDA if 118 holds. We are now 125.

Levels

My key level will remain that weekly level I shared last night. We are now 5628.

Scenario 1: As long as 5616 holds, I think we may bounce and test recent highs near 5672.

Scenario 2: A break of 5672, via a daily close I think targets 5703. At any rate, I cannot be bearish here unless we see a daily close below 5600. If there is no daily close below 5600, I favor a test of 5703 now.

~ tic

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