NVIDIA, parabolic move in progress
In my previous posts on NVIDIA, i mentioned that we are heading north and its likely going to get steep as we move ahead.
The larger term view is we are going to complete larger Wave 3(multi-year) and we are in last wave 5 of wave 3(Please refer to my other chart for larger term view).
Now i have tried to put Livermore Speculative chart on same chart and as of now its following it. I have two targets. These targets are 204 and 306 which i got from fibonacci levels.
This is not a trade recommendation or financial advise. Kindly consider proper risk management.
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The larger term view is we are going to complete larger Wave 3(multi-year) and we are in last wave 5 of wave 3(Please refer to my other chart for larger term view).
Now i have tried to put Livermore Speculative chart on same chart and as of now its following it. I have two targets. These targets are 204 and 306 which i got from fibonacci levels.
This is not a trade recommendation or financial advise. Kindly consider proper risk management.
If you like the idea, kindly like, share and subscribe. :)
Note
Quick update, today’s price action is positive. The gap around 124 which was left behind got filled up and started moving north post that.
Secondly the targets of 204/306 are expected by end of the year. In between you can expect volatility and daily wild swings.
Finally, post this meltup, the fall will be very sharp and severe. Refer to my Aug 5th chart of Nvidia. The wave 4 correction can take it back to levels of 60. This whole correction could last for one year or so.
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Note
Update Post Result: My targets remain the same. Some ppl get excited to post market reaction to result. Just to reiterate, I have mentioned there will be volatility. I’m not a trader and don’t play in options or futures.
Disclaimer: I’m holding Nvidia shares for last 2 -3 years. I don’t see any weakness in them and don’t intent to sell them till end of the year or till my targets are hit. :)
Note
Update on Nvidia on 04/09/2024:
I remain bullish on Nvidia. As i have mentioned, there will be volatility as we move ahead and avoid options/futures. My targets remain unchanged on upside.
Note
Update on 17-October-2025
Its following the path, we will soon break ATH and make a move upwards. The targets mentioned as still the same. As i have been mentioning before avoid options/futures.
As we move ahead, expect more volatility, as such hold cash positions. :)
Disclaimer
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