Shares of Nvidia tanked as much as 11 percent from its recent intraday high, but Todd Gordon says this could just be the best time to buy.
The TradingAnalysis.com founder said the charts are showing that Nvidia actually has room to rally before the stock enters overbought territory. Gordon pointed out that since 2002, the stock has sat in a parallel uptrend, and that upside resistance on the chart doesn’t actually appear until $250.
Trading Nation: Hot Nvidia trade cools off from CNBC.
Todd’s Trading Lifestyle Vlog #35 – Use Your Outdoor Voices
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