NVIDIA Corp (NVDA)

[cadillacdave]

Just a short time ago, we were at $900. The chart reader (first predicted a retreat to $680) indicated it would retreat to $850 and stall out and hover around that price range for a few months.

This prediction obviously ignored any possible catalysts which were coming soon. No way this was going to hover anywhere after earnings. It was either headed up or down, but it would not remain flat. So earnings hit, price surged, as many here predicted, and now it is chasing $1200. Next catalyst is the split.

Like I have said, charts are a nice tool, but they don't work on thinly traded stocks, penny stocks or powerhouse growth stocks like NVDA. By failing to account for upcoming catalysts, the charts are usually way off in these cases. NVDA is a classic example of this.

Good luck to all.