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Non-Tech : Kirk's Market Thoughts
COHR 139.80-10.8%1:31 PM EST
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To: #Breeze who wrote (19813)8/13/2024 1:21:57 PM
From: Kirk ©2 Recommendations

Recommended By
#Breeze
Sonali

   of 26479
 
I added NVDL and made a 5-yr version of my NVDA chart.

Logic seems to say we'll rally to the 50-dma, test the low and perhaps the 200-DMA... but like you said, alternative counts or "it can go either way" is still in play for me.

No three white soldiers bull pattern, but we have big white candlesticks in 4 of the last 6 days which is pretty bullish given it is expiration week and often up and down days alternate.

I don't own it and took a ton of profits in SPY and my fav. tech stocks to build a pile of cash to be comfortable... I guess I easily remember 2000 to 2002 and 2007 to 2009 and how being too early was not the call for best results despite being great LT buy points.

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