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Apex Trader Funding - News

The Nvidia Chart Shows The Importance Of Earnings From Tesla, Meta, Microsoft, And Alphabet

To gain an edge, this is what you need to know today. Importance Of Earnings Please click here for an enlarged chart of NVIDIA Corp (NASDAQ: NVDA). Note the following: Nvidia is the most important stock in this market as Nvidia is the center of the AI revolution. The chart shows Arora signals to take partial profits or hedge NVDA stock right near the top. The trendline on the chart shows that the upward trend in NVDA is now broken. The chart shows a big drop in NVDA stock on Friday. The chart shows NVDA has fallen about 21% from the peak in a short time. The chart shows that NVDA is still significantly above the breakout point. The chart shows the drop was on somewhat heavy volume but not extremely heavy volume. This is a negative. RSI on the chart shows that NVDA is now oversold. When a stock is oversold, often it tends to bounce. As full disclosure, NVDA is in The Arora Report's ZYX Buy Core Model Portfolio. The chart shows that members of The Arora Report bought NVDA stock at an average price of $125.51, just before the run up to $974.  Along the way, there were several opportunities for investors to participate in the rise in NVDA stock. In real life, it does not get any more perfect than buying at the low right before a big run up, holding through the run up, using trade around positions along the way to add to profits, and taking profits or hedging right at the top. The Arora Report's plan is to realize profits on NVDA hedges and add to NVDA at the appropriate time. A look at the NVDA chart shows the importance for the entire stock market of earnings this week from Tesla Inc (NASDAQ: TSLA), Meta ...