Nvidia Stock Looks Like A Buy (Technical Analysis)

Walter Zelezniak Jr5.16K FollowersFollow5ShareSavePlay(8min)CommentsSummaryNvidia Corporation presents a bullish technical setup, trading above its 30-week EMA with strengthening long-term momentum.NVDA’s relative strength continues to outperform the S&P 500, reinforcing its leadership position in the sector.Recent volume trends are neutral, with no signs of significant institutional selling during the recent correction.Despite an "F" valuation grade, NVDA's forward P/E of 23.9 appears reasonable given its growth and profitability profile. cookelma/iStock via Getty Images Stock of the chipmaker Nvidia Corporation (NVDA) looks like a Buy based on recent technical developments. In this article, I will outline my bullish thesis for the semiconductor giant based on the technical elements of priceThis article was written byWalter Zelezniak Jr5.16K FollowersFollowAs an individual investor nearing retirement I am trying to build my financial assets in order to have a fulfilling retirement. I am interested in trading both long and short; or at least using inverse ETFs, to take advantage of market declines. Having long term and short term trading strategies, proper execution of my trading plan, and absolute investing results are my goals. I see my articles as a way to keep me focused on developing winning trades. I also expect to learn much from the feedback that is provided in the comments section.Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.