At this point NVDA is unstoppable. It will not pull back until at least $500 - $520.
But even at that point it could easily turn the top of this upward channel trend
Into support and then we are looking at clear skies and smooth sailing until $1000.
I mean why not? NVDA could easily demand a more than 2 trillion dollar market
Cap. Especially considering when its quarterly revenue is at a whopping 7 billion,
giving the stock the admirable PE ratio of 213. This one has room to run. Insiders
might be dumping large blocks of shares but nothin g that should give investors
reason to be cautious. Fasten your seat belts because AI is in charge of this rally.
But even at that point it could easily turn the top of this upward channel trend
Into support and then we are looking at clear skies and smooth sailing until $1000.
I mean why not? NVDA could easily demand a more than 2 trillion dollar market
Cap. Especially considering when its quarterly revenue is at a whopping 7 billion,
giving the stock the admirable PE ratio of 213. This one has room to run. Insiders
might be dumping large blocks of shares but nothin g that should give investors
reason to be cautious. Fasten your seat belts because AI is in charge of this rally.
Comment:
In case you are not real catching the tone... this is sarcasm.
Comment:
Doesn't mean it won't happen though either lol.
Comment:
NVDA could pull back to $350 at the lowest but I do think it'll get up to around $500 in the longer term which is the top of the channel. Then take it from there.
Comment:
This is one of those times that it is kind of irritating to be right lol
