Nvidia Stock EXPLODING! Once in a LIFETIME!📈

Nvidia's finally starting to gain some momentum, guys. And let me tell you, man, it's about freaking time. Let's dive into the charts, break down what I'm doing. Am I buying more? Am I selling? And overall, I want to cover with you guys where my head's at when it comes to Nvidia, overall these AI stocks, and the entire market. As you guys know, it's been quite a rocky last couple of weeks. So, let's dive into it. Hit the like button. Make sure to subscribe. Join my Patreon if you guys want to keep up with my portfolio updates, my trades, investments. And if you want to be a part of my private Discord, it's all linked down below, pinned in the comments, or go to stossurfest.com/patreon. And now, cheers, guys. Take a sip of your coffee. Let's dive into it. So, Nvidia's trading over $210 a share for the first time, I think, in about a month, um or about 3 weeks, right? We hit 210 back in the middle, more towards the end of uh June. It was on the 20th of June, 18th of June. That's the last time we were in the 210 range. Then we dumped off a cliff all the way down to 190, which I was pounding the table. I was saying, "Guys, now's not a bad time. If you're not in Nvidia, if, you know, you want to buy in, not financial advice, but now's not a bad time based on the charts, based on the valuation. And lo and behold, here we are, 210, 211. We bounced off the levels that we talked about. I mentioned to you guys, "Look, 190, 195, that was resistance for months, all throughout November, pretty much up until uh the middle of April." And I told you guys, "I don't think it's going to go much lower than 190. May- maybe it you know, it could go to the 180, 185 level. Maybe." That was a big maybe, but I didn't really see it going much lower. and look at this. Buyers are coming in heavily right now. Volume's kicking up, and we're actually starting to break through both the 180 and the 50 moving averages here on the 4-hour timeframe. So, if I pull up the 1-hour chart, you guys can see, excuse [clears throat] me, we got down to about 190. Now we're up to 210. We were up We're up around 10% off the lows, and you're noticing a cup and handle starting to play out here in the very short term, uh which you can see here the cup the handle the breakout over 205. That's a very good sign. And on the 4-hour timeframe, we had a descending triangle. Keyword is had, um and that's slowly going out the window now. We had support at about 190 195. We were making lower highs into that support. Um you can see here the most recent one was at about 200 205, and now we're just completely breaking through that, and we're not 100% out of the woods yet. You know, it's not like we're at 220 230 on Nvidia. That would be us being out of the woods, uh but we're getting close. We're getting awfully close, and with everything going on in the AI trade, you know, and my belief that this is not over, the AI trade is not over, um this I think is the start of the breakout. You know, I've been saying $250 per share is where Nvidia should be, um and this could be the start of us getting to that point. Eventually, not tomorrow, not next week, right? Hold your horses, guys, uh but in due time. You know, if you have time, if you have patience on your side, um you know, I think Nvidia is a great buy and hold even here at 210. You know, especially at 190, like I said, I was pounding the table, but especially um under 200, but even here at 210, you could argue it's a great time to buy the breakout. Not telling you guys what to do, but all I'm saying is what I'm doing, you know, I'm holding on to Nvidia pretty tight right now after buying more shares recently, right? So, what do you guys think about that? Let me know in the comments. This chart looks great. It looks great for a continuation play after, you know, a couple weeks of, really, months of consolidation. You know, we hit 195 originally back in April. We We held that spot and then we broke through, and it's been chopping around the 190, 200, 210 level for the last couple of months, 3 months, and now we're finally starting to, you know, bounce off that new support level, which is a very good sign for a healthy overall uptrend. You know, it's it's a healthy sign. People think, "Oh, stocks go up into the right forever, no pullbacks." And if it does pull back, the bull market's over, right? Not necessarily. That's exactly what I was saying with the overall stock market yesterday. People are freaking out, "Oh, we're in a bear market. The permabears are coming out. Oh, we have a 70% drawdown coming, you know. Oh, the the depression's here, right?" A bunch of nonsense in my opinion. You know, stocks overall in a bull market, which we're in a bull market, there are periods of booms, right? And then there are periods The those booms are followed by periods of flat trading, sideways trading, maybe even some downwards trading for a couple weeks, maybe a month or two, and then we start We restart that uptrend, you know, we continue on, in other words. That's how the bull market works. That's how bull markets trade, in other words. You can see it here on Spy. Spy went from 630 to 760. It got way too hot. It took about a month and a half off. And now we're starting to break back through again. You're noticing, okay, we had that period of cooling off, the consolidation, the pullback, whatever you want to call it. Now it's starting to see, okay, Spy starting to break back through. These moving averages, we're now close to all-time highs again. And I think we could be going a lot higher here based on the chart. Because again, we're in a bull market. Things cool off in bull markets, and then they start to get hot again. And I think the Qs are getting ready for that as well. We had a nice run from 555 to about 750. Now it's cooled off a bit. And now we're starting to [clears throat] run towards the top of this channel again. And if I had to guess, we're going to break out and make another leg up here pretty soon on the Qs. And that's exactly what Nvidia is starting to do as well. We had a huge run from 162 all the way to 240, right? 235, whatever. It had a massive run. We're talking 45%, 50%. That's no joke. Then it pulled back. It gave back about 20% normal, especially in an individual stock in a bull market. Now it's starting to catch fire again. I am not surprised, guys, at all that this is happening. And again, I was telling you all in the last couple of updates that this was coming, you know? And now we're up 4%, and I think we're going higher. So, it's not just Nvidia. A lot of these bigger tech names today, these AI plays, memory, you know? A lot of these names are moving. Micron is up around, let's see 1% half a percent. We're trading at $1,000 a share. And you know, Burry, I think is still short Micron. For his sake, I hope he covers pretty soon here. I don't know if he did already. Uh, may- maybe he should though uh, because I think Micron honestly is gearing up for another big move. Um, we can see buyers came in at a higher low at about 875,900. Now we're starting to climb out of this little pullback that we got. We're testing these moving averages on the 4-hour chart. The second Micron takes out, you know, 1,000, 1,050, I think it's going to going to be ready for blast off um, shortly after that. That's just my opinion though. Trade at your own risk. ETFs like DRAM that track the entire memory space, they're still in the low mid um, 60s DRAM is, uh, which I think ultimately could be a nice buying opportunity as well, especially um, you know, considering uh, where we're at in the cycle. Uh, you know, SK Hynix is about to go public on the Nasdaq today. Did they actually do that? Uh, yet? I'm pretty sure. Let me look up the ticker again. I forget the ticker. Uh, why why do I forget the ticker? I made five videos on it already. Um, let's see where we're at. So, I'm pretty sure it's SKHYV for today. Um, then on Monday it goes to SKHY. So, let's pull up SKHYV. This is up 15% right now. So, there's a lot of demand for SK Hynix, for memory stocks still, and for all these AI stocks. And I'm I'm a firm believer that each time we get a shakeout in the AI names, each time we get weakness and people think, "Oh, this is the time. It's over. The bull market's over." That's a great time to buy, you know? And eventually, yeah, I mean, we we will get a bear market. We are going to get a pullback that doesn't come back, you know, immediately, right? But I I think we're there yet. I don't think we're there yet. And I could be wrong. Maybe the perma bears are right. Maybe Grantham is right. I mean, this guy's been calling for a 70% crash for the last 25 years. I mean, okay. I mean, eventually, yeah, maybe we get a 70% crash. But people that are always perma bears, they're just exhausting, you know, they're annoying almost. They're like a pest on my on my freaking shoulder. I just want to flick them off, you know what I mean? Yeah, you know, perma bears perma bulls, they all have their place, you know, you need both sides here. But we got to meet in the middle, man. We got we got to meet in the middle and realize that you know, I don't think we're due for a big crash yet. And you can't really call out a 70% crash. This is all headline grabs. This is all attention seeking, right? You never know when the market's going to crash until it actually does, until it smacks you in the face and you're like, holy crap. You know, it's crashing now. But I just don't think we're there yet. And I could be wrong. Who knows? Maybe Grantham is right. I could be wrong. But I just don't think Look, he you know, all these perma bears, they call the world ending every single year. Eventually, you know, if it does if the market does crash, they're going to be like, oh, I'm right. I'm right. See, look. But they've been saying it for years. You know, it's it's like what's that saying? A broken clock's right twice a day or something. Eventually, yeah, they'll be right, but how many times were they wrong? So with that being said, guys, I don't want to crush on the perma bears too much here. The point is, I don't think Nvidia is done yet. I don't think these AI stocks are done yet. I think we have a lot more room to go. How much more do we go have to go? I don't know. But my bet is in the short term, even in the mid to long term here, we do have a lot more to go. And that's where my money is. Um, a good amount of my money is right now, you know, in equities and a lot of these tech AI plays, and I feel comfortable uh, with that. So, what do you guys think? Let me know in the comments your, you know, where your head's at. Make sure to subscribe, hit that notification bell, hit that follow button, uh, depending on what platform you're watching on, and check out my Patreon. If you guys want to keep up with my actual trades, investments, if you want to see my portfolio updates, and be a part of my private Discord, it's all linked down below, pinned in the comments, or go to staceurfest.com/patreon. And with that being said, cheers. I'll see you guys in the Patreon or in the next video. Peace out.