NVDA deserves all the accolades, no doubt. Great company, great management, great products, awesome growth. But I take the current price with a pinch of salt..
No questions about its fundamentals but a quadrupling of stock price in 14 months)? Something is not right..
Here is is my probability forecast purely based on a few momentum oscillators (on multiple time frames) and the current unwarranted euphoria on this stock.. From 170 levels, 200 is a possibility but 140 seems more likely to me. The ER is on Aug 10 and the bulls may be in for a near term shock. Bull or Bear, make sure you have a Stop Loss in place.. Happy trading!!
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