After creating an expected correction of about -40%, Nvidia is now almost back to new all time highs, showing no signs of weakness despite the recent tech stock correction. If Nvidia creates a new all time high, it is quite likely that it will rally again, potentially all the way up to $400.
Nvidia is actually not showing any signs of weakness and it is just a matter of time until Nvidia will create a new all time high. Price action is bullish and even the resistance trendline is now quite far away from the current price. This just look soooo bullish.
And booom. Nvidia just created a new all time high as expected and is now starting the next major bullish impulse. Looking at the previous cycles, it is quite likely that we will see a move all the way up to the resistance trendline, which is another +40% from here.
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