Replies to post #87325 on ajtj99's Market Pulse

[LG]

Justin_Tus: Looks like NVDA is experiencing "sell the good news" per the "record profits" for its second quarter of fiscal 2007 reported yesterday coupled with the stock option practices review in progress.

I'd be cautious holding this one long...

LG

[ajtj99]

Justin, that looks like a H&S top that targets about $22.60 on that NVDA chart you posted. It's got a gap at about 21.70 and a H&S top target near the 20.85 pivot low. The rise today took care of a neckline back-test and a gap fill.

I think it's going back down.

http://stockcharts.com/h-sc/ui?s=nvda&p=60&b=5&g=0&id=p68258332269