Technical analysis by bwy about Symbol NVDAX: Buy recommendation (3/13/2025)

Nvidia seems to have been pulled down by the Dow just like Apple as both are just under major support. I'm sorry for my previous Nvidia chart that drew support near 140, I recognize where I screwed up, but this chart should be good. Fortunately actual 117 support wasn't that far below and my NVDA isn't too in the red. NVDA has the lowest revenue multiple in years right now. I know it's well off it's long term trend line, but it's growth rate is unlike anything it's ever been so expecting a steeper trend line to appear makes a lot of sense. Eventually I would imagine we'll get back to that trend line, but not anytime soon. The Dow hitting major support should finally lift NVDA and the others that have been dragged down like AAPL and AMZN. Good luck!Prepare for pullback at 200Don't listen to the news bashing NVDA, it still has legs to run above $200NVDA is in a very rare occurrence: lagging significantly behind SOX. I would stay heavy or increase positions in NVDA right now for the move over $200.Speaking of the devil lolSince we had such a nice range occur under 180 I'm not expecting $200 to be a major pullback area anymore. I'm expecting it to break and be our new major support. So expect any distance past 200 to get a pullback into 200. Good luck!First minor resistance above $200 is $218, which is often a pullback area for testing major support.