NVIDIA update - 23 October 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
NVIDIA - nearing a 40 day cycle peak zone.
We last looked at NVDA on 9 October at 132.89 close, looking for a rally expansion towards 150 with the 40 and 20 week cycle upswings acting as a tailwind. Price is now 7 points away from 150 and the analysis suggests that a 40 day cycle peak is close at hand.