NVDA Stock Surge: A Technical Analysis Perspective
Based on Elliott Wave (EW) 2.0 analysis and the Fibonacci retracement tool, NVDA has shown a significant bounce recently, indicating potential future gains.
Elliott Wave 2.0 and Fibonacci Insights
Using the advanced EW 2.0 theory, we have observed a retracement for wave 3, with NVDA bouncing impressively from the $90 mark. The Fibonacci retracement tool, which complements EW analysis, highlighted this key support level. This confluence of technical indicators suggests a robust bullish trend.
Target Price and Timeline
Based on this analysis, NVDA is projected to reach at least $140. This anticipated move aligns with the upcoming U.S. presidential election, providing a potential catalyst for continued momentum in the market.
Investors should consider these technical insights and market conditions when evaluating NVDA's potential. As always, it's important to conduct thorough research and consult with your financial advisor before making investment decisions.
Elliott Wave 2.0 and Fibonacci Insights
Using the advanced EW 2.0 theory, we have observed a retracement for wave 3, with NVDA bouncing impressively from the $90 mark. The Fibonacci retracement tool, which complements EW analysis, highlighted this key support level. This confluence of technical indicators suggests a robust bullish trend.
Target Price and Timeline
Based on this analysis, NVDA is projected to reach at least $140. This anticipated move aligns with the upcoming U.S. presidential election, providing a potential catalyst for continued momentum in the market.
Investors should consider these technical insights and market conditions when evaluating NVDA's potential. As always, it's important to conduct thorough research and consult with your financial advisor before making investment decisions.
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next stop could be $169.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.