🔔Today, I want to analyze NVIDIA stock for you because I think it still has the potential to increase in price, and also, in NVIDIA 's previous rally, AI tokens had a good rise.
💡The main reason for Nvidia's growth is the company's leadership in the field of Artificial Intelligence(AI)chips. The market value of this company crossed the one trillion dollar mark less than a year ago. Nvidia now has a higher market value than the well-known companies Amazon and Google.
💡Nvidia's earnings report that was published exceeded expectations so that Nvidia was able to make $26 billion in profits in the first 3 months of this year, which is really great.
💡Profitability was 5.3% higher than forecasts, and Nvidia made a profit of $6.12 Earnings per Share(EPS).
💡Nvidia forecasted $28 billion in revenue for the fiscal second quarter, with a margin of error of 2%.
💡Soon the price of each stock will be divided into 10 units. For each stock of the price break, $0.01 is distributed, which represents 150% growth from the previous period.
💡 Artificial Intelligence Tokens have not yet shown their progress, but it is better to keep an eye on them. FETUSDT _ NEARUSDT _ BINANCE:RNDRUSDT _ GRTUSDT _ TAOUSDT _ INJUSDT _ THETAUSDT -------------------------------------------------------------------------------------------- 📊Now let's take a look at the NVIDIA chart.
✅NVIDIA managed to break the 🔴Resistance zone($974_$924)🔴 by Breakaway Gap.
📈In terms of Classic Technical Analysis, NVIDIA has managed to form a Bullish Long Island Pattern, and this pattern is one of the continuing patterns and will be a sign of the continuation of NVIDIA's upward trend.
🌊According to the theory of Elliott Waves, NVIDIA is completing the main wave 5 and it is very likely that the main wave 5 will finish in the 🟡Potential Reversal Zone(PRZ)($1,305_$1,138)🟡.
🔔I expect that NVIDIA will continue to grow at least 🚀➕20%🚀 more, although minor corrections are also possible.
NVIDIA Analyze (NVDAUSD), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade attivo
Nota
As long as NVIDIA doesn't touch $949, the analysis is valid.
Trade chiuso: obiettivo raggiunto
Nota
I think we have to wait for the correction for NVIDIA. What do you think? Will PRZ work or not?
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.