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$NVDA can easily see 570-575 levels, one can pick some 550 Calls for the week
Wave ABCDE Correction - Need to perform Wave E Target ~$539 Bear Case: If $522 loses support then Target $507.5
NVDA is one of my favorite stocks. As for the earnings run I couldn't tell you if it will pump or dump after we hear earnings but here is why I like this stock for the following week: 1)MACD hit below -15.00. If we look at the last time it did that we had a month long bull run of +$100. The big unknown is earnings. 2)The support and resistance wedge is getting...
In current situation i see NVDA in a huge uptrend with huge unfilled Gaps, and those gaps perfectly meet the fibonacci retracement of 38.2 and 61.8-78.6 level only if the top is 590. Therefore i think Nvda will long till 590 and find resistance and retrace to those gaps. Giving good opportunities to buy long later on. Right now its risky to sell, and always its...
Idea -Target $572 to $582 Proof: www.patreon.com
Bull Case Target $513 - $520
Bull Target $521-$530 Bear Target $480 (Bearish Flag) For Alerts, I charge 5-10% of your profits (I get money only if you get profits). DM me for details. I hold $530 calls for this week.
Stop below green line dont risk more than 1% of the account
Bull Case: Cup & Handle Target $585-$605
$NVDA forming Double Bottom where it can hit $575 by middle of next week.
Seems like Indicators are overbought, forming H&S on short time frame and no good news on stimulus. If the price cross $555 then $580 is certain & if the bull flag breaks down then support is at $525. Good Luck.
NVDA is in cup & handle and based on Elliot Wave it may drop bt $530-$535 and pump to $580+
Last week much of the market and sector sold off, NVDA did not follow. Their new video card series rtx 30xx has been selling out each release in seconds. They likely wont be able to meet demand for several months. Their competitor on the GPU market, AMD appears to be pretty far behind. Fundamentally and technically I feel this has potential to the upside by...
nvda is showing strong bullish momentum and will keep going up
Forming Double bottom but need confirmation on tmrw. If it's confirmed then will retest ATH!