NVDA double bull pennant stacked on a 15 year triangle.
מעודכן
Yo!!!
Who doesn't love a break out after a 15 year ascending triangle" specially when it accelerates two a gain of over 6900% since breakout in 2015.
These two XXL bull pennants each took a total of approximately three years from trough to peak with retracement periods of around 9 months for both. .Extension on NVDA follow the FIb closely. 900% gain, similar to the most recent pennant would put it right at the fib extension 1.0. - $1173.00. Because the most recent poll pennant increased 940% compared to the prior bill payment which increased 1750%. We will take the lesser of the two cut it in half and use that as a target. We should make the third bowl pennant wave 1/4 the magnitude of the first. Using this method which is a target of
590 which is kind of right in the middle of the .786 and .618 extensions so based on what I can see like you, just looking at these charts, it will bust above .618 and reach the .786 fib ext which is around $705 within a few years.
Buying long calls expiring in July at first good entry next week because i expect this to gap up and hit
305 before earnings then if earning are positive chug to $350 or so before end of summer.
Any feedback or thoughts - I bounce these ideas off my wife and they dont bounce back... so feedback appreciated!!!
Who doesn't love a break out after a 15 year ascending triangle" specially when it accelerates two a gain of over 6900% since breakout in 2015.
These two XXL bull pennants each took a total of approximately three years from trough to peak with retracement periods of around 9 months for both. .Extension on NVDA follow the FIb closely. 900% gain, similar to the most recent pennant would put it right at the fib extension 1.0. - $1173.00. Because the most recent poll pennant increased 940% compared to the prior bill payment which increased 1750%. We will take the lesser of the two cut it in half and use that as a target. We should make the third bowl pennant wave 1/4 the magnitude of the first. Using this method which is a target of
590 which is kind of right in the middle of the .786 and .618 extensions so based on what I can see like you, just looking at these charts, it will bust above .618 and reach the .786 fib ext which is around $705 within a few years. Buying long calls expiring in July at first good entry next week because i expect this to gap up and hit
305 before earnings then if earning are positive chug to $350 or so before end of summer.Any feedback or thoughts - I bounce these ideas off my wife and they dont bounce back... so feedback appreciated!!!
הערה
IMO there is nothing to derail the AI wave for 2023 - pullbacks to .382 NVDA target could and likely will get increased throught the year. Market can't determine the valuation that AI will bring - discovery mode expecting continually wild price movement. Better to be in than out until large catalyst to the downside or break in trendכתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.