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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (8285)	3/20/2024 11:46:36 AM
From: Trader J	Read Replies (1) \| Respond to of 10522

NVDA: Can't disagree with that. When I was heavy into TA, I used to follow a lot of trend/MA ranges as my 'guardrails' for directional analysis. There's no question things are getting toppy and momentum is waning with the pull of lower trend/support calling. The real question of when it will rollover and the race for that to occur, whether due to some valuation event or market event vs. an upside catalyst (earnings or even a split) to reestablish a new higher range. At this juncture, I think 10-15% of retraction could be quite healthy in helping to establish a new support level and provide for the next leg up in share price into the next earnings report.