NVIDIA CORPORATION GANN WEEKLY ANALYSIS FOR 22 MAY 2024...
Nvidia Corporation has been in the news for the recent past and seen a fantastic run on its price with AI Technology progress.NVIDIA DGX-2™ is the most powerful tool for AI training, using 16 GPUs to deliver 2 petaflops of training performance to data teams. Adding in the extreme IO performance of NVIDIA Mellanox InfiniBand networking, DGX-2 systems quickly scale up to supercomputer-class NVIDIA SuperPODs.
Nvidia Corp completed an important Gann Cycle in Apr 2023. Therafter the price nearly doubled within the time cycle on chart. But the real rise came in at the shortest time cycle within the next major time cycle. It hit he high of 767.66 a double top to earlier high of 974. as per price it had a support at 786 and we got the low of 756.06. We are rising up from that low to current level of 958.19 on last weekly candle attempting to take the highs of 974 and 967. Next critical date is 24 Jun 2024 on it. We need to cross the level of 1048 by then for further growth in it.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
Nvidia Corp completed an important Gann Cycle in Apr 2023. Therafter the price nearly doubled within the time cycle on chart. But the real rise came in at the shortest time cycle within the next major time cycle. It hit he high of 767.66 a double top to earlier high of 974. as per price it had a support at 786 and we got the low of 756.06. We are rising up from that low to current level of 958.19 on last weekly candle attempting to take the highs of 974 and 967. Next critical date is 24 Jun 2024 on it. We need to cross the level of 1048 by then for further growth in it.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
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