Volatility is shrinking – Is Nvidia stock (NVDA) poised to surge? [Video]

Ming Jong Tey Independent Analyst

Nvidia stock (NVDA) may be underperforming, but there’s a potential trading opportunity on the horizon. Let’s break it down:

Comparison with S&P 500

NVDA as a laggard: Compared to the S&P 500, NVDA is still trending down, but this might not last long.
Potential breakout: The current consolidation phase could lead to a breakout that aligns with the QQQ (Nasdaq 100).

Apex formation

Apex formation: NVDA is currently forming an apex pattern, which often leads to significant price moves.
Next steps: A breakout from this pattern could push NVDA to test its highs, signaling a bullish opportunity.

Trading plan for Nvidia stock (NVDA) [Video]

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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