Nvidia: The Path Ahead

With outstanding performance recently attained, both market and macroeconomic factors will combine to produce consolidation of share price around or above recent highs for Nvidia Corp. (NASDAQ:NVDA). It is likely that the February 2017 high of $120.92 will be exceeded in coming months. Thereafter, a marked downturn is expected, the severity and duration of which will largely, but not wholly, be determined by macroeconomic factors. This scenario, as it unfolds, paves the way for a timed profitable short of the stock, which is not yet priced in. Stock price is close to its exceptional 18-month highs, having climbed by 224% during the last financial year.