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Todays Big Stock Wealthpop News

Nvidia (NVDA) Looks To Make Another Massive Move


There is one stock that has the market’s full attention, especially with the popularity of AI-based products taking off. Well, how are you going to power all these new AI products? Semiconductors, of course, and there may be no bigger player in the industry than Nvidia (NVDA).

After their monster earnings report they just released, we got a bit of a sell off down to the 450 level. However, price bounced on 450 almost exactly and is now on its way to 500 after breaking through 480, which was the previous level of resistance.

in addition to this bullish move up through resistance, there is a push in momentum for the stock which could propel prices even higher. As the premier stock in the market right now, if NVDA can catch fire here once again, not only will this stock presumably reach higher prices, the market will likely follow its lead.

After the day we had on Tuesday, keep this stock on high alert for a long play. If we were able to get a pullback, that would only affirm a long position on the stock for traders and investors alike. If this trade is too much for you, keep an eye on the rest of the technology sector as well.

If you like The Profit Machine (TPM), then you will really like my Wednesday Profit Room trading service. Same high-quality options action, as well as more world-class trading education. As I say, the more screen time and education you expose yourself to, the better. Give it a try for one month here and if you don’t find even more value, cancel anytime. Your success as a trader is on the other side of hard work and education, will you be willing to put in the work with me as your guide? Give it a try today!

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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