NVDA Made Millionaires This Year. Could This Next Semiconductor Stock Do The Same?
Portfolio Pulse from James Roland
The article discusses the significant growth of Nvidia Corp. (NVDA) this year, moving from $110 to $480. The same algorithmic indicators that predicted this growth are now forecasting a similar bullish trend for AMD Inc. (AMD). The indicators are based on 'triggers' that define key areas where bulls/bears can take control based on price movements. The same bullish trend was observed with SPY and QQQ. However, if AMD's price were to break below the Weekly Trigger, it would invalidate the setup.
August 08, 2023 | 6:32 pm
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Algorithmic indicators are predicting a bullish trend for AMD, similar to the growth seen in NVDA.
The article mentions that the same algorithmic indicators that predicted NVDA's growth are now forecasting a similar trend for AMD, which is a positive impact on the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
NVDA's stock price saw significant growth this year, moving from $110 to $480.
The article mentions that NVDA's stock price has seen significant growth this year, which is a positive impact on the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
QQQ has the exact same setup as SPY and NVDA, which allowed for gains on the move higher.
The article mentions that QQQ has the exact same setup as SPY and NVDA, which allowed for gains on the move higher, which is a positive impact on the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
SPY moved into its perfect bullish trigger orientation at $400 and was able to move all the way up to $460.
The article mentions that SPY moved into its perfect bullish trigger orientation at $400 and was able to move all the way up to $460, which is a positive impact on the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100