Sunday, September 15, 2024

Nvda upswing predicted by OpenAI

 Meanwhile, stock trading expert Peter DiCarlo noted in a September 13 X post that Nvidia has been following a pattern of higher lows, indicating an overall uptrend. However, it continues to make lower highs, which have prevented a clear breakout. DiCarlo suggested that breaking this pattern would require the stock to surpass the $130 mark, which could trigger a more substantial rally.

“I believe $120 is the ceiling before we see a re-test and possible rejection,” he noted.

In the near term, the expert predicted that Nvidia could rise to the $120–$124 range, an area associated with institutional selling. Historically, this level has triggered sell-offs, so if the pattern holds, NVDA might face another pullback before resuming its upward momentum.