Based on the support & resistance lines, I have the following price targets for 
NVDA #NVIDIA Corporation.
- The bullish price targets are: 140.76.
- The bearish price targets are: 97.39 > 96.76 > 92.21.
* The price is trading between support and resistance lines, often referred to as a "no trading zone".
NVDA #NVIDIA Corporation. - The bullish price targets are: 140.76.
- The bearish price targets are: 97.39 > 96.76 > 92.21.
* The price is trading between support and resistance lines, often referred to as a "no trading zone".
Nota
My bearish price targets for NVDA #NVIDIA are reached: 97.39 > 96.76 > 92.21. We pulled back -35% from the top. This could be a healthy pullback.Next is to find out if we can hold this support area:
- If we hold support, we can go for new all time highs. If you think so, support levels can be a good entry point for a LONG position.
- If we don't hold support, the next support level is sitting around ~$50.
Also, if we look at the fundamentals (//penketrading.com/symbols/NVDA.NASDAQ/) the company is growing fast, but even with this growth and my 10 year intrinsic value calculation the value is between $12.48 - $38.27 per share.
Just my analysis, not financial advice. What do you think?
Best regards,
Penke
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.