NVIDIA Corporation NVDA - Short term ~$15 mid term ~$18
Why to buy?
We are in a tech season right now. NVDA came out recently with good financials. Look at the chart above, NVDA broke through the downward resistance trend line and is creating a base and channel off its lows.
Nov.21 NVDA is currently moving up with volume and the Nasdaq market has gone down a few days consecutively. We may see a reversal with the chart we see today. It broke through the $14 resistance and is staying above. we should see it move above $15 with ease.
However, keep in mind the overall market is still not doing well and we have not seen a clear sign of reversal.
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