Another FANNGM is doing it

The Nvidia (NVDA:US) mean reversion is almost done.

It doesn’t necessarily mean that its 200 week moving average is the place to buy, as it may overshoot to the $103-$115 mark…..

this chart did tell you that it was dangerous chasing and buying this stock at stretched valuations as it soared way above its 200 WMA.

September 14, 2022

by Rob Zdravevski

rob@karriasset.com.au

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