There is a very familiar pattern building in Nvidia (NVDA) stock, and this pattern has extremely high "if/then" predictability. It's called a parabolic rally, and Nvidia's parabolic rally is nearly complete. It will be followed by a crash in the stock's price.
On the updated monthly bar chart from our analysis of Nvidia stock, with some benchmarks added to highlight how close to the reversal Nvidia you can see this pattern
Nvidia plans to announce quarterly earnings after the closing bell Thursday, and the expectation is for a tremendous number.
This means if you are long, sell to exit your position and capture the fabulous profits you've been lucky enough to have received.
Extreme caution is suggested for both bulls and bears, but the risk of the moment is skewed heavily against those remaining long too long.
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