๐ Let's dive into #NVIDIA and its potential trading opportuniti
#market_pulse #Gold
๐ Hey hey hey, SabioTraders!
๐ Let's dive into #NVIDIA and its potential trading opportunities.
๐ Technical and Fundamental Insights
On the hourly chart, you can see how the price is trading at the upper boundary of the descending channel and has hit the MA(200).
Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOGL) essentially said last week: you have your own economy and inflation, but we will continue to grow. The growth in cloud revenue is equally important. These companies are among the top three hyperscalers, alongside Amazon (NASDAQ: AMZN), and plan to continue increasing their expenditures on AI. M*ta has also declared the same intention. Vertiv โ the first AI stock to report this quarter โ also showed acceleration.
Based on this data, Nvidia (NASDAQ: NVDA) and AI stocks are likely to have positive reports again on May 22.
๐ค What Do You Think? Should we buy or is it time to sell? What's your strategy?๐ฝ๐ผ
๐ Buy
๐ Sell
๐ค Unsure
Ready to dive into trading?
Join SabioTrade๐โ๏ธ
๐ Hey hey hey, SabioTraders!
๐ Let's dive into #NVIDIA and its potential trading opportunities.
๐ Technical and Fundamental Insights
On the hourly chart, you can see how the price is trading at the upper boundary of the descending channel and has hit the MA(200).
Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOGL) essentially said last week: you have your own economy and inflation, but we will continue to grow. The growth in cloud revenue is equally important. These companies are among the top three hyperscalers, alongside Amazon (NASDAQ: AMZN), and plan to continue increasing their expenditures on AI. M*ta has also declared the same intention. Vertiv โ the first AI stock to report this quarter โ also showed acceleration.
Based on this data, Nvidia (NASDAQ: NVDA) and AI stocks are likely to have positive reports again on May 22.
๐ค What Do You Think? Should we buy or is it time to sell? What's your strategy?๐ฝ๐ผ
๐ Buy
๐ Sell
๐ค Unsure
Ready to dive into trading?
Join SabioTrade๐โ๏ธ
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