NVDA price forecast, this rocket may be going to $1050

πŸš€ NVDA’s skyrocketing journey & future price forecast 🌟

Bringing you a new analysis of NVIDIA’s (NVDA) impressive journey and what the future holds for this tech giant. πŸ“ˆ Someone curious in one of our groups asked about NVDA’s direction, sparking me to share insights using what I call the “Levitan Method”. Back when NVDA was at $122 to its low on $108 , I made a call to buy the dip, and buy big, applying a Fibonacci series buying the ‘Levitan Dip Buying Method’ strategy as prices dropped, targeting a long entry price of a weighted average series of buys. Fast forward, NVDA astonishingly hit $874 pre-market!

πŸš€ NVDA technical analysis video and where is this rocket going 🌟

In the above video, we delve deep into NVIDIA’s technical analysis, witnessing a potential cup and handle formation and a bullish flag on a weekly timeframe, suggesting an extremely bullish market sentiment. NVIDIA, dubbed the “AI Guru” and “Silicon Sheriff of the Magnificent Seven”, has seen recent short-sellers facing dire consequences as the stock continues its upward trajectory. πŸ“Š

My NVDA techical analysis predicts possible resistance around the $1050 to $1100 mark, considering measured moves, pivotal historical lows, and the psychological appeal of round numbers. With NVDA is heading, seemingly, towards the $1000 mark, we discuss strategies for risk mitigation and profit-taking, emphasizing the importance of cautious trading around these levels.

This analysis is not just about charts; it’s about understanding market psychology, strategic trading, and the excitement surrounding one of the tech sector’s brightest stars. Follow ForexLive.com for additional views and updates 🌠

Disclaimer: This video is for educational purposes only and is not intended as investment advice. Always conduct your own research and consult with a financial advisor before making investment decisions regarding Nvidia stock.

This article was written by Itai Levitan at www.forexlive.com. Source