“One record-breaking stock can rally another 140%, chart suggests”
June 10, 2021
“The S&P 500 came frustratingly close to a record high but failed to cross that hurdle. Still, several stocks have managed to make new highs this week, including ADP, Target, eBay, T-Mobile and Nvidia… “We’ve been in a massive uptrend since 2015. We don’t show resistance until about $,1650. Nvidia is the second largest holding stock in my portfolio, behind Apple,” said Gordon.
Nvidia would need to climb more than 137% to reach Gordon’s target. He said there’s still opportunity to buy the stock in any near-term dip.“We just broke out of year-long range between about $650 and $500. … So if you have any pullback to $650 it’s buyable,” he said. Nvidia closed Wednesday above $694. A move to $650 implies a 6% pullback…”
https://www.cnbc.com/2021/06/10/nvidia-stock-set-for-another-140percent-rally-chart-suggests.html