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re: How High Do you think Nvidia stock can go?
Posted on 5/16/24 at 7:56 am to Granola
Posted on 5/16/24 at 7:56 am to Granola
Very high on that timeframe, possibly $2000 plus.
That said currently the risk is to the downside. Elliot Wave chart not hitting $1,100 on the recent recovery afree April lows indicates below $700 more likely than $1100 after earnings next week.
I think you can get in much lower than current price today, but if your timeframe is that far no problem nibbling here.
That said currently the risk is to the downside. Elliot Wave chart not hitting $1,100 on the recent recovery afree April lows indicates below $700 more likely than $1100 after earnings next week.
I think you can get in much lower than current price today, but if your timeframe is that far no problem nibbling here.
2
Posted on 5/16/24 at 8:10 am to Geauxldilocks
Nah. Their numbers will be strong when they report next week. The stock has had a great week, up 6%. Looks like investors adding to their position before earnings come out.
Posted on 5/31/24 at 8:21 am to Geauxldilocks
quote:
That said currently the risk is to the downside. Elliot Wave chart not hitting $1,100 on the recent recovery afree April lows indicates below $700 more likely than $1100 after earnings next week.
No offense, but I’ve never found Elliot Wave theory to be an overly useful indicator when a stock has strong fundamentals, strong money flow and a strong earnings outlook. Those factors pushed the stock well above $1100 after earnings. It may consolidate from where it is now ($1105), but it would have taken something of a black swan event (in the AI world) to have knocked it down below the 700s (a roughly 30% drop from when this thread started).
And to note: I’ve traded options on this ticker several times, but have not (yet) been long shares.
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