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Stocks

Category

This article represents an exercise I like to call the “Single Stock Portfolio”. In this scenario, you can only own one stock in your portfolio for the next three months, and you can pick any one of the following eight stocks. Which one would you select, and why? The beauty of this exercise is that it forces you to consider eight different charts, some with similar characteristics, yet some showing dramatic differences. In the end, you have to decide whether to stick with a top-performing name like NVDA, fresh off new all-time highs in March but showing the dreaded bearish momentum divergence, or you could opt for AAPL, testing price and Fibonacci support after failing to make new all-time highs. Let’s review each of these charts in turn and lay out a good technical framework for our decision. Nvidia Corp. (NVDA) Nvidia is the top-ranked of the group using the StockCharts Technical…