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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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.