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NVDA Likely to Rally Into Upcoming Earnings

Nvidia has formed a strong rebound since the recent flash crash. There is an upcoming earnings announcement on August 28. NVDA has a strong bullish seasonality trend that starts from August 19 to August 29. I think there is likely to be a rally headed into earnings. We have seen NVDA consistently rally before and after each earnings announcement.

The earnings forecast is high, and NVDA could beat earnings expectations again.

However, the seasonality trend is bearish in September so there could be some downside around September.

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