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pootpoot commented on a stock · Nov 25 20:16

$NVIDIA (NVDA.US)$ last week I got roasted for my first post...

$NVIDIA (NVDA.US)$ last week I got roasted for my first post warning blind bulls that the growth rate is declining. (actually that was the main point). so that ...
last week I got roasted for my first post warning blind bulls that the growth rate is declining. (actually that was the main point). so that blue line was suggesting an anticipation to break that declining growth rate. which sadly did not happen and guidance upper limit was actually a miss.
from now there might be some pullbacks before retesting support levels but I would be looking at firstly the 50ma (134) which I think would be likely tested. followed by the neck line between 124 to 128 (worse case) most of the time these sell offs will overreact but gap up very quickly. after which it will start to climb again slowly in anticipation of the next earnings.
but like most mag 7 except for amazon (excellent ER) get to keep their upper wedge formation.) tesla is exception too. (breaking their declining growth rate to acceleration). but do you guys see the main point ? that is what the wall street or market wants to see. a break in growth rate = keep upper wedge formation or higher wedge. continous decline = break formation (Microsoft, apple and other semicons who missed their guidance amd, arms etc)
purely observation and speculation. I got very used to be roasted. but just sharing my views so if u see the link like I do
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