Nvidia's (NVDA) Stock Projections: Trading Insights from Expert Analyst
Nvidia's Price Trajectory Towards $140
A stock trading expert has outlined Nvidia's (NASDAQ: NVDA) anticipated price movements, projecting its path to around $140 in the coming months.
Market Movements
Analyst Peter DiCarlo pointed out that Nvidia's recent market behavior reflects expected trends, having bounced off a significant support level at $94.
- Short-Term Projections: DiCarlo suggests a temporary rise to between $115 and $120, followed by a potential sell-off back to $95.
- Market Sentiment: The stock shows a downtrend bias with possible lower highs until a market reversal occurs.
Long-Term Outlook
Despite the current contraction phase, DiCarlo remains optimistic about Nvidia's medium-term prospects.
- He forecasts trading between $128 and $140 in upcoming months.
- However, he cautions about potential rejections down to $92.
- The expert recommends remaining vigilant and strategic in trading decisions.
Optimal Entry Points
DiCarlo has identified the smart money level between 0.786 and 0.826 as ideal entry points for Nvidia's stock.
Conclusion
In summary, while Nvidia's future price movements exhibit strong potential, traders should be prepared for short-term volatility.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.