The Long Investor

$NVDA

Added 2025-04-25 12:46:58 +0000 UTC

$NVDA does not report for another month and it is expected on the 28th of May.

I think we will likely see Wave B continue to hold and move higher to the 50 WMA at $124 by then

Earnings will likely play a pivotal part on its direction next after testing the 50 WMA, if Trump does not do too much more in terms of escalating the Tariff War further.

His comments today that Tariffs could stay at +50% for a year are not welcomed by the Bulls and this elevated level will cause Wave C to play out for the market I believe, it is simply too high.

I suspect this is Trump continuing to play hardball with China and he would make a deal right now if it suited both parties.

I think a deal can be made in less than the 90 days announced and this can help save the market.....but at this point, I want Wave C to happen, we are halfway there now, I want these great companies on sale and that means buying $NVDA under $76.