Nvidia (NASDAQ:NVDA) initiated a new impulse move in Oct '22 and has maintained an upward trend since then.
The first bullish phase (Oct '22-Dec '22) spanned approximately 40 days, propelling the stock upwards by approximately 70%. Subsequently, a brief correction unfolded, spanning around 15 days.
The third impulse commenced at the outset of 2023 and extended for about 130 days, propelling the stock's value to $484, marking an impressive surge of around 225%. A transient correction of 22 days followed this remarkable climb.
Encouragingly, we've set forth on a new impulse, the fifth wave, which I am optimistic will continue for another 40-45 days.
Now, here's a trading proposition for you:
Buy at the Current Market Price (CMP) of $460.
Set a Stoploss at $403.
Aim for Target 1 at $600.
Aspire for Target 2 at $650.
Remember, trading involves risks, and it's essential to conduct thorough research and exercise caution before making any financial decisions.
The first bullish phase (Oct '22-Dec '22) spanned approximately 40 days, propelling the stock upwards by approximately 70%. Subsequently, a brief correction unfolded, spanning around 15 days.
The third impulse commenced at the outset of 2023 and extended for about 130 days, propelling the stock's value to $484, marking an impressive surge of around 225%. A transient correction of 22 days followed this remarkable climb.
Encouragingly, we've set forth on a new impulse, the fifth wave, which I am optimistic will continue for another 40-45 days.
Now, here's a trading proposition for you:
Buy at the Current Market Price (CMP) of $460.
Set a Stoploss at $403.
Aim for Target 1 at $600.
Aspire for Target 2 at $650.
Remember, trading involves risks, and it's essential to conduct thorough research and exercise caution before making any financial decisions.