NVIDIA Next target = $480
NVDIA / NVDA is now starting the short term pull back inside the 2023 Fibonacci Channel Up.
After hitting the 2.0 Fibonacci level, this bullish leg should trade inside 1.0 and 2.0 Fibonacci.
The long term Support is the 1day MA50 but the 1day RSI indicates that we won't hit that unless it reaches its Rising Support, which based on the January-April price action might do in late August.
Until then, buy and target 480.
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After hitting the 2.0 Fibonacci level, this bullish leg should trade inside 1.0 and 2.0 Fibonacci.
The long term Support is the 1day MA50 but the 1day RSI indicates that we won't hit that unless it reaches its Rising Support, which based on the January-April price action might do in late August.
Until then, buy and target 480.
Follow us, like the idea and leave a comment below!!
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