u/Blade3colorado

https://www.reddit.com/r/NVDA_Stock/comments/1t02em2/today_is_a_buying_opportunity_in_my_opinion_this/

Per the aforementioned link, last Thursday was a buying opportunity. I gave a detailed explanation why it was a buying opportunity. Some of you scoffed, but many of you agreed with me. It went as low as $194.74, but held above its $196 support at the close. How many of you bought shares or additional shares? There's still time. Why? When I bought 1250 shares at $900 approximately (pre-split) 2 plus years ago, I was unequivocally confident that NVDA would continue to go higher. It has.

As I indicated in the link, we must get past resistance, $208, whereby we continue to go higher. Thus far, it seems like that may be accomplished today. By 2030, I am guessing that NVDA will be at least a $10 trillion dollar company . . . if not more. Good luck!

Amazon on Monday took another step to turn its vast logistics network into a revenue-generating machine - a familiar move that is boosting investor confidence in the stock and hitting shares of its competitors. Amazon unveiled what it calls Amazon Supply Chain Services (ASCS), giving businesses access to its full suite of freight, distribution, fulfillment, and parcel shipping capabilities. The offering expands its third-party logistics reach beyond its marketplace sellers to companies across industries, including healthcare, manufacturing, and retail. 

Among the first to sign up for ASCS are major brands, including Club name Procter & Gamble , 3M , Lands’ End , and American Eagle Outfitters , underscoring the growing appeal of Amazon’s logistics infrastructure. “It’s a no-brainer for Amazon to do this. There’s nobody as good as Amazon at supply chain,” D.A. Davidson Gil Luria told CNBC in an interview Monday. 

My 800 shares are already up 25.5% YTD . . . Minimally, I expect a 100% return by the beginning of 2027. Yes, please bookmark this.

NVDA shares are trading lower on Thursday, and investors/traders are watching the price action closely. Sometimes when stocks break out, there are signs that the move higher will continue. Obviously, today doesn't look like that on the surface. Most of us know a breakout occurs when a stock exceeds a resistance level and holds above it. Traders consider this a bullish dynamic. It shows that the traders and investors who created the resistance have left the market.

This can be seen at the $196 level on Nvidia’s chart. It was resistance in November and February. After this resistance broke in April, the shares consolidated, and the level became a support level. Currently, I believe resistance is at $208 . . .

My point is that this is potentially an excellent sign for investors or traders - whom complained/regretted about missing the former buying opportunity, when it was in the $170s, $180s, and low $190s . . .

Support is NOW $196 and resistance has been raised to $208. In other words, I can almost guarantee that NVDA's price will NOT go below $196, unless there is a macro world event that effects the entire market. Anyway, that's my 2 cents. What do you think?