{"id":28363,"date":"2023-05-31T06:46:47","date_gmt":"2023-05-31T06:46:47","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/?p=28363"},"modified":"2023-06-22T18:03:40","modified_gmt":"2023-06-22T18:03:40","slug":"a-newcomer-to-the-trillion-dollar-club","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/zh-hans\/a-newcomer-to-the-trillion-dollar-club\/","title":{"rendered":"Nvidia Stock: A Newcomer to Trillion Dollar Club"},"content":{"rendered":"\n<p>Good morning Traders!<\/p>\n\n\n\n<p>With the possibilities of AI exciting the market, <a href=\"https:\/\/www.marketwatch.com\/investing\/stock\/nvda\">Nvidia<\/a> has (briefly) entered the trillion dollar market cap club.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Nvidia<\/h4>\n\n\n\n<p>The <a href=\"https:\/\/www.fxglobe.com\/understanding-the-personalities-of-different-asset-classes\/\" data-type=\"post\" data-id=\"28173\">stock<\/a> has broken it\u2019s previous all times highs of around the 345 and kept trading higher. The market is currently very overextended from it\u2019s Moving Averages, and I am looking for technical areas on the chart, for the market to potential pullback to.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"457\" data-id=\"28375\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-D-1024x457.png\" alt=\"\" class=\"wp-image-28375\" srcset=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-D-1024x457.png 1024w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-D-300x134.png 300w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-D-768x343.png 768w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-D-1536x686.png 1536w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-D-2048x914.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Nvidia D<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"460\" data-id=\"28384\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-W-1024x460.png\" alt=\"\" class=\"wp-image-28384\" srcset=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-W-1024x460.png 1024w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-W-300x135.png 300w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-W-768x345.png 768w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-W-1536x690.png 1536w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-W-2048x919.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Nvidia W<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"458\" data-id=\"28393\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-M-1024x458.png\" alt=\"\" class=\"wp-image-28393\" srcset=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-M-1024x458.png 1024w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-M-300x134.png 300w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-M-768x343.png 768w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-M-1536x686.png 1536w, https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Nvidia-M-2048x915.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Nvidia M<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<p>The first area is the previous all times high which was printed back in November 2021. Drawing the Fibonacci retracement of the latest Daily move, has the 61.8% retracement clustering nicely with area.<br>The next area is the previous Daily swing high at around the 320 area.<\/p>\n\n\n\n<p>As the <a href=\"https:\/\/www.fxglobe.com\/building-skills-in-static-markets-the-power-of-backtesting\/\" data-type=\"post\" data-id=\"24591\">market<\/a> printed a Daily bearish rejection candle for yesterday price action, it may be ready to release some of this very strong buying momentum.<\/p>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning Traders! With the possibilities of AI exci [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":28366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Nvidia Stock: Trillion Dollar Club | %%sitetitle%%","_seopress_titles_desc":"Discover the rise of Nvidia stock as it joins the trillion dollar club. Get insights for traders and investors in this must-read article.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[146],"tags":[],"class_list":["post-28363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-146"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/posts\/28363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=28363"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/posts\/28363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/media\/28366"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=28363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=28363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=28363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}