$NVIDIA (NVDA.US)$ lets see if the bulls have enough momentu...

$NVIDIA (NVDA.US)$ lets see if the bulls have enough momentum to break the trend today. closing above 116.747 (50MA) is a good start. 118-120 strong resistance.

or

will the downtrend continues and hit 110. (which i feel might as well go back to 105-106 upper neckline to complete the fall

it seems looking at the daily chart, within this period (can be now till next few weeks) there should be a breakthrough towards the up or down side as we can see from the consolidation triangle getting thinner. personally i do feel AI probably can run for a few more years before its really overpriced by then. (in comparison to cisco, nvda is currently trading about 4-4.5times cheaper) which i think there should still be some runway. i do think that any buys within 90-105 is a steal. however well.. i might be wrong. even the analysts no one can predict the future.

but well i am going to capitalized on nvda as more than 60% of my growth this year is from nvda. buy low, sell high is all u need to remember if it falls below your buy price its fine, accumulate more at key levels, it will eventually turn the tables. be patient and sell high.

o wait.. some of the few things i can share as well.. usually i accumulate using NVDA. the moment during low periods, if it starts to form higher low (even if it doesnt form higher high). i start buying NVDL. (which is more of an additional profit position) but do know that although it says x2. technically i think its only x1.6 or 1.7. and your risk is x2.. do understand ETFs decay before touching them..

wheel strategy option trading is also good additional source of income as well. maxmize your profits with NVDA . if there are better strats. please share in comment section as well!