- NVDA has completed it's motive wave 1-5 and currently is under corrective wave ABC. - Within ABC leg, it's under the leg C where it will eventually find a bottom and then start fresh motive wave 1-5. - Chart looks interesting and monitor carefully for the entry when it corrects!
Note
NVDA is heading to 105-112 range. I believe most of the TA here were wrong and calling for $240.
- I remain optimistic about NVDA as their chips are best in the game but I won't pay more than intrinsic value to buy it.
- I'll be buying shares of NVDA in 115s and below in increments
Trade closed: target reached
- NVDA dipped to $112-$115 during deepseek narrative. Bought the dip @ 116 and sold at 143 for roughly ~20% gain.
I believe NVDA can go to 165 post earnings but I would recommend selling into strength than adding more as late half of 2025 earning growth will be slower as compared to last year so premium multiple might compress
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.