The week of June 6, 2016 put BBY right on its 200-week line — $29.44 versus a mean of $29.94.
Twelve months later: +97.5%. Three years later: +116.4%. Five years later: +294.0%.
10 years on, BBY trades at $77.95 — +164.8% from the touch.
— Patience is the trade. Conviction is the discipline.
On the week of May 27, 2019, NVDA touched its 200-week moving average at $3.39. The SMA itself was sitting at $3.35.
Twelve months later: +162.1%. Three years later: +455.5%. Five years later: +3,043.9%.
7 years on, NVDA trades at $215.33, +6,258.5% from the touch.
, The line does not predict, it confirms.
The week of May 9, 2016 put UAL right on its 200-week line, $43.84 versus a mean of $43.83.
Twelve months later: +74.3%. Three years later: +93.4%. Five years later: +24.8%.
From that week to this, the move is +111.8%: $43.84 → $92.85.
, The chart was already broken by the time the line was reached.