Nvidia Trade Call on Pullback

20 days ago

Money Mike

"At the exact point that we're at right now, Josh, I think uh uh we saw a little we've got a little head and shoulders going on here. If we come back over here, Josh, to the previous all-time highs around the one pretty close to 150. Now, that's that's doable if we were to lose this momentum, just like you were talking about on the spy. momentum is starting to decrease down here on our RSI. We've got equal high, equal high. Now, Josh, we've got a lower high and we're under our signal line down here on the RSI. So, I would uh I would like to get a pullback closer to this base if I'm going to if I'm going to be buying this 165 and then if we broke this long term, I would love to pick Nvidia up around the 150 mark."

Money Mike signals a potential buying opportunity for Nvidia. He identifies a head and shoulders pattern with a previous high near 150 and suggests waiting for a pullback closer to the base before considering a buy, with an actionable level around 150 after a test of 165.

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