TECH Buy 07.05.2024 08:29
Nvidia Corp.: wave analysis
Growth is possible.
On the daily chart, a downward correction formed as the second wave of the higher level (2), and the upward third wave (3) develops. Now, the third wave of the lower level 3 of (3) is forming, within which the wave iii of 3 has ended, a local correction has formed as the wave iv of 3, and the wave v of 3 is forming. If the assumption is correct, the asset will grow to the area of 1100.00–1200.00. In this scenario, critical stop loss level is 754.50.
Indicators
Overall recommendation Sell
Overall recommendation Buy
Overall recommendation Sell
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy