NVDA: Where to Next?

By Licia Leslie

January 29, 2025

Hi Shoppers,

American AI tech companies were blindsided on Monday after China introduced their AI DeepSeek which only cost six million dollars.

This is just after our president along, with a few of those CEOs, stood in front of us to dedicate 500 billion – with – a – B – dollars into AI technology.

Now I know that is just a small part of this story, what we are interested in is where Nvidia (Ticker: NVDA) going from here:

This stock follows my pitchfork very well.

As you can see, the last time it traded down to the bottom of my pitchfork on August 5th, the stock immediately bounced and traded to the top of the third channel.

After yesterday’s rebound, this could possibly happen again which would take it up to $165 in the spring.

Directly above here, resistance is at $132, $142- $144 and then $153.

Support sits at $114.80, $102.55 and then $92.

Be prepared for more fireworks with their earnings announcement on February 26th.

Trade Review

Sunrun (Ticker: RUN) failed to break out and looks indecisive here.

Portillos (Ticker: PTLO) did hit my target and then some trading up to $14.48.

Same with Walmart (Ticker: WMT) trading up to $97.84.

Thank You For Reading … See You Next Tuesday,

Licia Leslie