Nvidia and Chart Reading 101

Nvidia Corp. (NVDA) and chart reading 101. Nice headline, if I say so myself. We wrote about NVDA earlier this month. We discussed the strong rise the stock had seen and added: "In this three-year weekly bar chart of NVDA we really don't have any bearish signals, but we can see a parabolic rise the past two years. After seeing this kind of rally many times in the 1970s, I learned that late entries are very risky...It would be nice to believe that this time is different, but my old brain cells remember that parabolic advances tend to not end well."

You can read Jim Cramer's take on what happened with this one-perfect stock after the company posted earnings in the article he wrote earlier on Friday. ...588 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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