🔔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.
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📊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.
💡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
_
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 active
Comment:
As long as NVIDIA doesn't touch $949, the analysis is valid.
Trade closed: target reached
Comment:
I think we have to wait for the correction for NVIDIA. What do you think? Will PRZ work or not?
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🔔Please follow us on Telegram for more analysis.👉 t.me/ProTrader_365
📚if you want to learn Technical Analysis = Please Contact me👉 t.me/Ad_ProTrader365