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GTC 2024: Will NVIDIA hit the $1,000 mark?
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$NVIDIA (NVDA.US)$ A tale of two charts... the short-term da...

$NVIDIA(NVDA.US)$ A tale of two charts... the short-term daily moving average is perfect today it bounced off the moving average..it really didn't touch it ...came close and reversed. the weekly moving average is horrifying (huge drop 200 points lower) on the daily mov. avg we can see 965 to 970 short-term on Nvidia if there's no negative news coming out on the economy on China saying that they don't want Nvidia chips like they did with Intel and AMD... alternatively the weekly moving average is an enormous decline from the current prices you're talking several hundred points lower. I don't believe China's going to say we're not going to permit Nvidia chips in our country because they want to buy the fastest chips in the world they want to buy the best that's Nvdia offers but maybe some genius in the government in this country is going to go after Nvidia just like they did Apple and or maybe the EU is going to go after Nvidia because of the control that they have the market share they have and that's what really scares me because that would take the short-term trend straight down and put it towards the weekly moving average.
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