Target for wave 5.v - $783 => To jump this much, NVDA needs strong growth on revenue and profit, but estimates are showing diminishing return. Not a good fundamental factor for wave 5 to start.
My chart indicates it could have possibly peak short-term and it will decline to possibly $580s. No need algo to tell me that. Your algo is one step behind and didn’t indicate how low it will go Go and look at the chart again, I didn’t edit it. Is funny when you didn’t look at the chart and say what the chart says
Estimates can be wrong. => No doubt. Are you 100% confident they are wrong? And also, you must be confident how much growth in rev and profit of NVDA (on your analysis). I hope you do not have that.
I thought you said don’t trust analysts => Wrong conclusion, I do not trust blog analysts (who are paid to write positive or negative), but this one is refinitiv guidance, consensus estimate.
Yes, this is from fidelity which subscribes to refinitiv estimation and provide us the value. Highly reliable consensus estimate.
Correct, now I re-reviewed it. If it happens , as per your prediction,…your EW skill is extremely good
I see similar posting supporting you, but as of now, I am skeptical. In my algo, NVDA has to go down first and then jump back (My algo may be wrong often).
Anyhoo I have sold covered calls February 12 $585 hoping that they would expire worthless. I have gone aggressive Feel that I have been too conservative Bet big and aggressive is the new mantra. Win big like that guy or go broke like Newton
I have been too conservative => This is safety, definitely investor needs safety.
Win big like that guy or go broke like Newton => Not really great, there may be 100s fake or one time good stories around the world, do not believe. Even if we believe and is true, are we capable of doing it? I do not think so.
The best is find out where we have strength? I have it in my algo, you have it in EW skills. Use it !
Bet big and aggressive is the new mantra. => The big bet must be right bet. Use EW as much as possible, train yourself 90% success rate with EW and make a big bet !
Take the case of BBIO => I just learnt EW and felt buying when BBIO was corrected 50% from peak, EW taught good buy.
Bought some NVDA today. I think it’s going to go up in the next 2-3 weeks. I don’t read charts like you guys (@Jil@hanera) do, so I may be wrong in the short term but I believe it will do well in the long run.
I forgot what is 1998 like. Vaguely recall nobody wanting to work, and all are talking about .com stocks. Also heard of many office colleagues get multiple increase in salary joining .com companies. Unfortunately, I am not working now. Current bull run has started since 2009 and accelerated since Mar 2020… so not sure what @manch is talking about. Is he in the right stocks? Many stocks have shot up 10x! 10x! since Mar 2020… TSLA is the talk of the town but isn’t the highest gain.
Btw, near term, NVDA might weaken to $560s (worse case), likely high $570s. Longer term as per the previous post,
Don’t know how long to achieve targets. Have not try to learn Gantt chart or fib fans/ time series yet These are supposed to help in predicting the when
NVDA ups another $20 Clearly NVDA was pushed by millennials recently. @pastora and @jksram are in those circles. Are you not? Financial analysis is no match to social media momentum, in the short-term.
Percentage gain = 20* 100/ 600 = 3.33%, which I can gain in so many methods ! Unless we have some fundamental drivers, I won’t buy NVDA when market is at the verge of short correction.
Against my algorithm, I do not have guts to go against my algo (even if it is false).
Third, I do not want to go behind running momentum (like GME stock), but have ways to gain on my own.