TOST has demonstrated considerable momentum, leading us to explore two potentially favorable scenarios for its price trajectory.Firstly, considering the current landscape of an overextended broader market, driven by the success of
NVDA, the potential for a correction becomes apparent, possibly triggered by the impending NVDA earnings call. In this scenario, a positive outcome would involve a rebound within the 17-19 dollar range, indicative of a resilient continuation of momentum for $TOST.In a second scenario, if broader markets hold momentum or
NVDA reports earnings substantially exceeding expectations, leading to a persistent buying frenzy, TOST could sustain its momentum and break potentially out of its current range. Same applies in a scenario when there's zero correlation to the broader market and the momentum holds ground.
In this context, a plausible price target would be within the 30-32 dollar range, supported by the technical broadening channel and historical highs.
Please note that this analysis is for informational purposes only and should not be considered financial advice.
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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.
Disclaimer
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.