Nvidia Stock Analysis: Is it Time to Cash Out?
Nvidia (NASDAQ: NVDA) shares are on an impressive climb, hitting price records. Stock market analyst Puru Saxena provides insights on when to profit from Nvidia positions. According to Saxena, Nvidia stock is currently in the late stage two of its cycle, going parabolic. He suggests that the upcoming stage three would be the right time to cash out, as “trees don’t grow to the heavens.”
NVDA Stock Prediction: Stage Analysis
- Saxena’s stage analysis points to NVDA shares being near their top.
- He plans to sell everything as the stock continues to rise.
- Chart patterns, like the 200-day MA, help identify stages in an asset’s trend.
Professional investor Ehraz Ahmed adds that a stock in late stage 2 or a climax run will exhibit specific characteristics, signaling the right time to sell.
NVDA Stock Price Analysis
The current price of NVDA shares is $138.75, with a daily increase of 2.92% and weekly advance of 3.77%. The monthly and yearly gains stand at 45.46% and 188.04%, respectively.
As Nvidia stock approaches a potential price consolidation phase, it may be an indicator for investors to consider cashing out. Conducting thorough research, staying informed, and understanding the risks are essential when making investment decisions.
Hot Take: Make Informed Decisions
Understanding the various stages in an asset’s trend can help investors make informed decisions about when to buy or sell. Keeping an eye on chart patterns and key indicators can provide valuable insights into market movements.
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