NVIDIA Bounce off VWAP Lower Band Anchored at Last Earnings
After bouncing off the lower VWAP band anchored on the last earnings report, I believe Nvidia has navigated through the worst. With the upcoming earnings rally, I anticipate Nvidia could reach 150 by late August.
Adding to this optimism, the pitchfork analysis on the uptrend further supports this view. The stock is currently aligned with the positive channel of the pitchfork, indicating a strong uptrend that could drive the price higher.
Overall, Nvidia remains in a sustained uptrend, which underscores the bullish outlook. The alignment with the pitchfork’s uptrend channel and the bounce from the VWAP band reinforce the potential for continued upward movement.
Key points to consider:
Adding to this optimism, the pitchfork analysis on the uptrend further supports this view. The stock is currently aligned with the positive channel of the pitchfork, indicating a strong uptrend that could drive the price higher.
Overall, Nvidia remains in a sustained uptrend, which underscores the bullish outlook. The alignment with the pitchfork’s uptrend channel and the bounce from the VWAP band reinforce the potential for continued upward movement.
Key points to consider:
- VWAP Bounce: The recent bounce off the lower VWAP band signals potential support and recovery.
- Earnings Rally: Positive earnings could provide a catalyst for upward momentum.
- Pitchfork Analysis: The stock’s alignment with the pitchfork’s uptrend channel suggests continued bullish movement.
- Overall Uptrend: The stock remains in a broader uptrend, supporting a positive longer-term outlook.
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