Nvidia shares have continued to gain, recently climbing above $212.16. However, after this initial attempt to break through that level, the stock saw a pullback. Overall, we expect further upside, though in our alternative scenario, we’d view the recent high as part of a smaller corrective (and overshooting) upward move. Primarily, we see NVDA in the final upward phase of a larger bullish cycle and anticipate further gains into our red Target Zone ($227.38–$260.60). The cycle top is likely to form within this range. In our alternative scenario, NVDA may have already completed its upward cycle with the peak at $212.16. If so, the stock would now be entering a larger correction, with a move below support at $145.50 likely (probability: 33%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.