$NVDA
Added 2024-05-23 11:40:48 +0000 UTCSmashed their earnings, guided considerably higher, 10/1 stock split and raised their dividend.
Thats as bullish as you'll get from any earnings report.
One more leg up now and I have set Wave 5 at the 3.618 Fib at $1209, which is well into the extended territory here, as the initial Wave 5 target was at the standard limit at the 2.618 Fib.
So this is in line with the market moving higher too as interest rates have been left unchanged and the Fed can not pivot yet.
We can also see that Wave 5 looks to complete around the start of Sept too, which is also in line with where the market is looking to top out.
$NVDA is in a world of its own right now, it is doing everything correct and continuous to exceed expectations and sales.
Comments
1200 is also what i have as my DCF base case, so more confluence
Matt Scott
2024-05-26 13:59:40 +0000 UTCNvidea at 1200 it would be world most valuable company i think they will be more than 3 trillion market cap which is insane. With a revenue of just 26 billion dollars.
NalaikPanda
2024-05-23 12:48:04 +0000 UTCWould you buy now to add to your position or wait until after the stock split?
Jeff Schmo
2024-05-23 12:22:43 +0000 UTCbuy?
Simms327
2024-05-23 11:52:06 +0000 UTC
