Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
A Tale Of Two Tickers – NVDA & TSLA
This is my first post in a while looking at individual stocks, but I used to do a lot of these, and this is the first of regular posts on these in the future. Today I want to look at the two stocks in The Magnificent Seven which currently have the best and the worst looking prospects over coming months.
The one with the best looking chart is definitely NVDA. Looking at the hourly chart I have an H&S that has broken down with a target in the 100 area and a very possible bull flag falling wedge that has been forming as it declines. I’ve drawn in a couple of possible support trendlines on that and if the bull flag continues to form it would ideally now return to flag resistance, currently in the 136.5 area but declining rapidly, and then make a last leg down into the H&S target in the 100 area. We’ll see how that goes.
(more…)