NVIDIA’s (NASDAQ: NVDA) stock price moved up to set a new all-time high in late June, and what comes next will be another significant updraft in share prices. Regardless of the cause, whether it is FOMO, results, analyst trends, institutional activity, short-covering, or a combination of these factors, this stock is moving higher, and the technical outlook remains robust. Very robust.
The low-ball estimate based on the chart patterns is a move equal to the trading range that preceded the breakout. That’s good for a move above $200 or nearly 40% relative to the late June trading levels.
