Please read the box, read the comments. I am playing leaps on this one. I like the price action.
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Bought straight call options, there might be a correction at previous high. Sell the calls when sma 7 crosses ema 35. Other than that this stock will rally next week.
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It might not look like it but this stock has a very high chance of being 248 or 300 by Feb 4, 2018. This is calculated using recent trend and estimates using the @risk software.
@JackPotCF, ;) you were saying. I was just going head to head with the market watch. Here is my comment on this company.
I am a Nvidia investor and I don't understand why would ASICs news hurt Nvidia's stock. Stocks fell due to the technical weaknesses, not because of this illiterate analysist who openly quoted, "ASICs may replace much of today's GPU infrastructure" when ASICs and GPU are completely different things. ASICs are designed to accelerate one specific task whereas, GPU and FPGA can test or execute many data for multiple tasks. Nvidia uses all of them to create their special chips for the AI techs.
Invest in NVDA because their chips are going to be everywhere in next 20 years. House, clothes, medicine, cars, roads, planes, computers, robots you name it. The best part: there is no competition. Nvidia always plays the long game. This stock should double or even triple in upcoming years.
investopedia.com/news/nvidias-11-plunge-may-be-just-start/