2024-06-24 15:47:39 ET
Summary
- Nvidia Corporation just gained +70% in two months to become the #1 most valuable stock. This blow-off top has happened exactly as how my Cisco Model predicted in April.
- Now this model is anticipating a decline which will happen in three phases. The first phase (today) will be very sharp. The second phase will be the largest.
- Recent stock price behavior, insider sales and economic indicators increase the odds of this bubble collapse occurring.
"After a slow-down in March and early April, Nvidia would gain +40% in the next three months to reach a final blow-off top. That would be followed by little weakness first and a huge selloff by late 2024/early 2025."
This is a piece from my last article on NVIDIA Corporation (NVDA), "Why Nvidia Could Become The Largest Company, But Not For Long."...
Read the full article on Seeking Alpha
For further details see:
Nvidia: The Blow-Off Top Ended, Be Prepared For What Is Next