$NVIDIA(NVDA)$ Nvidia at $100 might look bullish, but don’t get caught chasing. A pullback could be around the corner.
Overbought Short-Term: RSI and other momentum indicators are flashing hot. After a quick rally like this, some cooling off is natural and healthy.
Valuation Stretch: Even with growth, NVDA’s valuation is getting ahead of itself again. Priced for perfection = vulnerable to even slight earnings misses or macro shocks.
Market Rotation Risk: If the market starts rotating out of tech and into value or defensives (especially with rate volatility), Nvidia could be the first to get hit.
Profit-Taking Zone: $100–$103 has historically seen profit-taking. With many traders up double digits in a few days, expect some selling pressure to kick in.
Bottom line: The long-term story is still strong, but this rally might need a breather before any shot at $110.
Comments