Waiting for a perfect setup—technically or fundamentally—can sometimes be a perfect way to miss an opportunity. The disruptor is market sentiment, as it jumps the gun on an opportunity hoping to be validated well after pulling the trigger. Case in point: NVIDIA (NVDA) in March 2023. The article NVDA Stock: Waiting For a Big Plunge? warned against buying into strength, as technical indicators signaled a potential pullback while also warning that the depth of a pullback is always unpredictable. Instead of pulling back to $230 (or $23 after its recent 10-for-1 split), it pulled back to $250 ($25) before market sentiment, again the disruptor, snatched the opportunity that later would be validated by fundamentals. Viewing a weekly chart, here’s what happened. Take a look at the blue arrow. That was the week of the “dip.” CHART 1. WEEKLY CHART OF NVDA. See the blue arrow? That was the buy signal…
