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knick
王子 | 2023-9-17 10:54:23

The 52 weeks hi low range is 502 to 108.  There has already been a 15 percent correction from the top. On August 24th, Nvidia delivered a a second consecutive blowout quarter. They are the GPU leader.  They are being talked as the juggernaut that is leading the AI revolution. Many firms have a target price of between 550 to 600 for them. The RSI (relative strength index) is currently about 41.

I am thinking to pick up some more shares at 425 or under. I still think that this stock has legs to run up more. Any thoughts from  anyone?

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knick
王子 | 2023-9-22 21:17:31

It looks like from the chart that the near term resistance is at about 395-400. If it pushes below this level the next resistance is about 380. The current RSI is at 31.40. The market is very weak with the exception of spot uranium and uranium stocks. Inflation is still a threat. Both the price of oil and food which are not included in how the U.S. government figures inflation are at very high levels.

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