NVDA may be at the end of wave 5 at various degrees in time. The fifth wave itself was inside a rising channel, and we reached the top end. This is the leading stock driving bullish market momentum and any reversal especially below the rising channel would change the way people think about the market for the months to come
Yes it may seem a bit silly but hear me out. 7 stocks or so are leading the markets. We know what sectors they are.
I was banging the table for calls on NVDA at $400 lows in otc2024 and they even called me "NVDA boy"
Now we sit at $791 as I type this. So honestly... why wouldn't NVDA go to $1,000. Lol
I think NVDA will hit $1,000. Not financial advice. Just thoughts
Nvidia is in it last leg of major cycle and can crack to 500 from here on.
Good time to book profits on spectacular results.
Ite in race to complete 2 trillion milestone placed at 810$
Be careful....
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Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
NVDA meeting 1.272 fibonacci retracement , and a clear bearish divergence on the OBV , might mean a local top or at least expected consolidation. Buyers advised caution.
Gap from 320 to 360 seen in NVIDIA, It seems that NVIDIA will fill this Gap in coming trading session ....... so those who are interest in AI story can buy at around 300 ....for next six months .......
After Gap up opening it has been doing distribution on top to form probable bearish head and shoulder pattern.
It still need to complete right shoulder. Only then it may be able meet vision
Is wave 4 done at a little more than 23.6% retracement? Wave four is a flat and wave 2 was zig-zag retracing 61.8%, so we have alternation. Nvidia is now at the 20-week average so that is an ideal support as well which held in wave 2 too. Wave 5 should follow wave 4. 5=1 then the level is at 300 which should coincide with the top end of the channel. A rising...
As per the Analysis, Nvidia's price takes little correction from 423 to 413 now we can see the price hit $413 and create support at 413-415.
Price will see resistance again at R1 and R2.
Need to break this level for a bull run.
