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Nvidia stock parabolic move: Here’s when to cash out

Nvidia stock parabolic move: Here’s when to cash out
Ana Zirojevic

As Nvidia (NASDAQ: NVDA) shares continue breaking their price records, a renowned stock market analyst Puru Saxena has provided insights on what many investors are starting to wonder – for how long this impressive climb will persist and when would be the right time to profit on their Nvidia positions.

Specifically, Saxena pointed out that Nvidia stock was currently in the late stage two of its cycle, in which it is “going parabolic,” and that upcoming stage three would be the right time to cash out as “trees don’t grow to the heavens,” according to his X post published on June 19.

Nvidia stock price performance analysis. Source: Puru Saxena
Nvidia stock price performance analysis. Source: Puru Saxena

NVDA stock prediction – stage analysis

In other words, according to the trading expert’s “stage analysis” for booking gains, NVDA shares are very near their top, and Saxena added that he would be “selling everything as this goes higher and higher, and one thing is for sure, I won’t be holding the bag on the way down.”

Notably, the stage analysis relies on following chart patterns to identify different stages of an asset’s trend, particularly the 200-day moving average (MA), and according to Saxena, NVDA stock is now in the late ‘markup stage,’ followed by the ‘distribution stage’ in which the price enters a prolonged consolidation phase.

Visual example of stage analysis. Source: AlphaTarget
Visual example of stage analysis. Source: AlphaTarget

Chiming in on Saxena’s analysis, professional stock market investor Ehraz Ahmed highlighted that:

“One of the conditions of a late stage 2 or a climax run is the stock will double in 3-4 weeks from its recent base (4th base), and as it closes in on the top, the stock will open with a large gap up and soar at the open, and then reverse intraday and close below the lowest weekly closing price. The price band for the day would be very wide with abnormal volume.”

NVDA stock price analysis

Meanwhile, NVDA shares are changing hands at the price of $138.75, which represents an increase of 2.92% on the day, a 3.77% advance across the week, adding up to the 45.46% gain on its monthly chart, while growing a massive 188.04% in 2024 alone, according to the data on June 20.

Nvidia stock price year-to-date (YTD) chart. Source: Finbold
Nvidia stock price year-to-date (YTD) chart. Source: Finbold

In conclusion, the time to cash out on Nvidia stock seems to be getting closer, and the first warning sign, as per the analysis used by Saxena, should be price consolidation. However, doing one’s own due diligence, keeping up with all the relevant developments, and being aware of all the risks is critical when investing.

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