Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

Stocks

What Happened to NVIDIA (NVDA)?

by March 9, 2024
March 9, 2024
What Happened to NVIDIA (NVDA)?

NVIDIA (NVDA) was enjoying quite a rally to start the day. All seemed right with the world. Someone recently said to me, regarding another company, that it was “a victim of its own success.” This is what happened to NVDA.

It appears that the ceiling was reached for investors, who were ready to take profits and move on. Over the prior six days of trading, NVDA was up over 19%. It was time for some profit-taking.

Today’s decline did set up a bearish engulfing candlestick that would imply more downside ahead on Monday. But will it really herald more selling? We saw that decline before earnings, and it didn’t turn into much. It’s time for a pullback, or at the very least consolidation, but we wouldn’t be at all surprised if this powerhouse defies gravity further. It wouldn’t be a bad idea to get a stop set here to preserve profits, just in case this does signal a more concerted decline.

Learn more about DecisionPoint.com:

Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!

Try us out for two weeks with a trial subscription!

Use coupon code: DPTRIAL2 at checkout!

Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

previous post
Find Stocks That Are BEATING The S&P 500 – In Just One Click!
next post
Top 10 Actionable Charts to Watch 2024

Related Posts

Week Ahead: Nifty Creates Resistance In This Zone;...

June 30, 2024

The Growth Trade is Back!

August 13, 2024

Wall Street Sees No Threat of Inflation

December 28, 2024

Diverging Tails On This Relative Rotation Graph Unveil...

May 3, 2024

Pumping the Brakes on Ferrari (RACE)

December 13, 2024

Investors are Pouring Into Gold Miners—Here’s What You...

January 24, 2025

Market In a “Wait and See” Mode: Awaiting...

February 29, 2024

How to Use the ADX Indicator (Trend Strength...

September 25, 2024

The Big Divergence in Bullish Percents

December 18, 2024

US Bank Stress Tests: What They Mean for...

June 27, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • ‘Game changer’: Bipartisan senators gunning for Russia sanctions ready to give Trump runway

      July 15, 2025
    • Constitutional scholar uses Biden autopen to flip Dems’ ‘democracy’ script against them: ‘Scandal’

      July 15, 2025
    • Senate GOP braces for test vote on Trump’s $9.4B clawback package

      July 15, 2025
    • Anthony Bernal: Who is Jill Biden’s top aide ordered to testify about alleged cover-up?

      July 15, 2025
    • Hegseth abruptly pulls Pentagon officials from ‘globalist’ Aspen conference

      July 15, 2025
    • Mike Waltz faces post-Signalgate ‘brutal’ grilling from Dems in UN ambassador hearing

      July 15, 2025

    Categories

    • Business (1,306)
    • Politics (6,388)
    • Stocks (904)
    • World News (460)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved