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NVDA Targets


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#1 Douglas

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Posted 29 January 2025 - 03:19 PM

My relatively bullish EWave count on NVDA is shown below which leads to a down-side target somewhere around 100 which is the four (iv) of previous degree.  

 

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FTLOZvX.png

 

Fibonacci retracement targets are shown below with the 100 or so target above corresponding well with the 38% retracement level.

 

66etIA5.png

 

My wicked bearish count is shown below which has a downside target of 40 or so, a real hammering.  The support for this count is the bubble-like insanity which occurred during this rise.  Bubbles are often fully retraced in the subsequent bear market.  

 

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ioEQCHo.png

 

Pick your poison and place your bets.  

 

Regards,

Douglas



#2 barbu

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Posted 01 February 2025 - 03:45 PM

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#3 Douglas

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Posted 01 February 2025 - 06:44 PM

barbu, NVDA is definitely right at support as can be seen below as you show above.  Action next week hopefully will clarify the situation.

 

iWOH447.png

 

 

HUm4uy1.png

 

ENtKQsF.png

 

 

Regards,

Douglas



#4 linrom1

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Posted 01 February 2025 - 06:50 PM

It's the 3rd that extended.



#5 risktaker

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Posted 02 February 2025 - 02:22 AM

I am pretty bullish on Nvidia. Expect a flat, sideways wave 4 and eventually a wave 5.

#6 Douglas

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Posted 02 February 2025 - 06:13 AM

linrom1, I really like the way your count channels and the fact that your 4 doesn't overlap your 1 in a bar chart like mine does, but I like how both the circled gaps appear in 3rd waves in my count but are in 1st and 5th waves in your count.  At least both counts end up at the same place!  All in all I think yours is more likely correct, so I'm going to steal it.  Thank you very much.  Now lets see if Trump's retaliatory tariffs in response to the Canadian and Mexican tariffs announced this weekend can get the bear ball rolling this coming week. Thanks for responding.

 

risktaker, what makes you bullish?  Funnymentals or something that I'm missing in the chart patterns?  If it's a chart pattern or the EWave count you note, please - please do post a picture of it so I can see the error in my ways.  I'm more than willing to change my view.  The only thing that I am convinced of absolutely is that I absolutely don't know what's going to happen.  Thank you also for responding.

 

4OZDIxu.png

 

Regards,

Douglas



#7 risktaker

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Posted 03 February 2025 - 02:02 AM

They have an enormously profitable series of products that no company is close to replicating.