Good morning traders, today we want to share our analysis in NVDA.
🔸Needless to say, it is a stock that has been extremely bullish for a long time.
🔸This year, the price had an increase of more than 200%, and with very few corrective processes, one at the beginning of the year with the downside move suffered by most of the assets, and the current correction, which is 25%.
🔸Respecting the bullish vision, we consider that after the current consolidation process, we will see a new upside move, which will again lead to record highs.
🔸Of course, this will be valid only if the price can penetrate the resistance zone, since while it is inside the retracement, we cannot define when the breakout will happen.
🔸The estimated minimum price of increase is 20%, which is the size of the correction range, projected upward.
🔸Needless to say, it is a stock that has been extremely bullish for a long time.
🔸This year, the price had an increase of more than 200%, and with very few corrective processes, one at the beginning of the year with the downside move suffered by most of the assets, and the current correction, which is 25%.
🔸Respecting the bullish vision, we consider that after the current consolidation process, we will see a new upside move, which will again lead to record highs.
🔸Of course, this will be valid only if the price can penetrate the resistance zone, since while it is inside the retracement, we cannot define when the breakout will happen.
🔸The estimated minimum price of increase is 20%, which is the size of the correction range, projected upward.