NVDA Made Millionaires This Year. Could This Next Semiconductor Stock Do The Same?

If you haven't heard about the historic move Nvidia Corp.NVDA has made this year, you havn't been following the market. NVDA moved from a low $110 to an astonishing of $480, and made some lucky folks very rich in the process. Using our algorithmic indicators, we were able to catch this move, and we now believe there is another one coming: AMD Inc. AMD The sytem we use to forecast these big moves is quite straighforward, and I'll explain it in simple terms below: Triggers define key areas in which bulls/bears can take control based on price moving above or below a trigger. If price breaks above a trigger, it represents price breaking above a key level that bears needed to hold if they wanted to see future downside, and transfers momentum over to the bulls. Vice versa, if price breaks below a trigger, that represents bulls losing control of a level they had to hold if they wanted to keep the trend bullish, and momentum is now transferred over the bears. The higher the timeframe the trigger, the more powerful acceleration can be expected when the trigger is broken to the upside or to the downside. However, there is also another very important concept, named "Trigger Orientation". The orientation of the triggers is vital to understand the macro trend of any stock or equity. When the triggers are stacked with the highest timeframe on the bottom, namely the Monthly Trigger, followed by the Weekly Trigger on top of the Monthly, the Daily Trigger on top of the Weekly Trigger, and the Hourly Trigger on top of the Daily Trigger, that is considered the most bullish trigger orientation, and we would expect strong future bullish performace. On the flip side, if the Monthly Trigger is on top, the Weekly Trigger below the Monthly Trigger, the Daily below the Weekly, and the Hourly below the Daily, that is the most bearish trigger orientation, and we would expect future bearish price action.  As you can see from the images provided, $NVDA Was able to move into its perfect bullish trigger orientation when price was down at $170 and since then we have seen significant bullish price action.

We have also seen the same setup with $SPY SPY as spy moved into its perfect bullish trigger orientation at $400 and was able to move all the way up to $460.

Of course, as you probably guessed by now, $QQQ QQQ has the exact same setup as well - which allowed us to capture lots of gains on the move higher, knowing the trigger orientation was max bullish.

Currently, we are seeing AMD move into the same perfect bullish trigger orientation and our algorithmic indicators are now forecasting strong bullish future performance, but the stock has been stubborn and hasn't had its big move higher yet - which is a good thing, because there's still time to take advantage of the setup. Of course, if price were to break below the Weekly Trigger, it would invalidate the setup, but this allows for a great risk/reward trade.

Looking back at NVDA, it's easy to regret missing the move. But that regret can be softened by knowing that they're very likely will be another move to follow, and that one can be caught in AMD.