NVIDIA is currently trading near $143.25 at Monthly R2 Pivot Point. It tried to break the R2 three times in this month, Oct 21st, 22nd and today 25th. It is very likely that it will continue going up in coming days.
RSI MA Cross has not given a signal on either direction since Oct 2 2024.
There are two scenarios based on Monthly Pivot Points:
1) If the price breaks R2, then expect it to pullback near next month's Monthly M3, and then go higher to next month's R1 ($153) Pivot Point.
2) The second scenario suggest deeper pullback to next month's Monthly Central Pivot Point ($134) and then continue going higher to R1 ($153).
Please note that next month's pivot point might change based on the price action today and four days of next week before the month ends.
I don't see any changes in NVIDIA's fundamental outlook in near future, so it may touch $153 sometimes in November.
RSI MA Cross has not given a signal on either direction since Oct 2 2024.
There are two scenarios based on Monthly Pivot Points:
1) If the price breaks R2, then expect it to pullback near next month's Monthly M3, and then go higher to next month's R1 ($153) Pivot Point.
2) The second scenario suggest deeper pullback to next month's Monthly Central Pivot Point ($134) and then continue going higher to R1 ($153).
Please note that next month's pivot point might change based on the price action today and four days of next week before the month ends.
I don't see any changes in NVIDIA's fundamental outlook in near future, so it may touch $153 sometimes in November.
交易進行
Price has (almost) followed the scenario#2 :)交易結束：目標達成
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