NVIDIA (NVDA): Our Next Move After Predicting the Top

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Just 14 days ago, we analyzed NVIDIA and concluded that we might see a small push upward followed by a pullback. We were correct, although the last small push didn't materialize. Still, we're pretty happy that we called the top on NVDA accurately, and perhaps some of you were able to capitalize on it. If so, that makes us even happier 😄

Since our last analysis, NVIDIA has fallen by 21%, bringing us into the area where we should be looking for long positions. We're about to do just that, even though it's risky. We're planning to enter a long position on NVIDIA, with our stop loss set below the end of Wave (4) for invalidation. We don't have a specific target set for NVDA, and we'll be monitoring it closely. Given the risk involved, we won't be over-leveraging here.

Let's see if we can get it right again!

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Giao dịch đang hoạt động

NVIDIA (NVDA): Perfect Timing, Big Gains!

Here we go 🚀
What a nice entry on NNVIDIA; the timing was perfect and couldn’t have been better with the fact that the US government is considering lifting a ban that would allow the chipmaker to export advanced chips to Saudi Arabia, according to Semafor. This would be a great catalyst as we are up over 13% on the position after just 5 days 🔥.

However, NVIDIA is volatile, and we want to ensure we secure some profits on the way up while preparing for the next pullback. Therefore, we are personally taking a small portion off and moving our stop loss to break even to be secured in case this news turns out to be fake.

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Ghi chú

NVIDIA (NVDA) has once again reached a new all-time high, and our position is now up by 40% in just 45 days. Congratulations to everyone who took this trade!

This was the perfect entry, just before the stock surged, and we managed to catch it right before the train would have left without us. The last time, we took a small portion of profits, and we’re doing the same again today. However, we’re still targeting higher levels for NVDA, but when a stock is at an all-time high, it’s impossible to predict where the next major resistance will form.

NVIDIA's shares have surged over 186% since the beginning of the year. Yesterday, the stock hit a new all-time high above $142, breaking its previous June highs. NVIDIA continues to benefit from strong demand for its GPUs, especially from hyperscalers buying its chips in large quantities to rapidly develop data centers with advanced AI capabilities.

We remain patient with our long-term growth target for NVIDIA. With profits taken and our stop loss set at break even, we are well positioned to react to whatever happens next.

Enjoy this fantastic trade and the profits it’s delivering 🔥

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Ghi chú

Here we go. Another 45% booked and this is not the end.