NVIDIA (NVDA): Long-Term Outlook with Elliott Wave Analysis

1 янв.

🚨 Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making trading or investment decisions.

Key Highlights:

Elliott Wave Structure:
-The chart showcases a clear Elliott Wave progression, indicating a completed Cycle Wave III and the current progression into Cycle Wave IV correction.
- Primary Wave (1)-(5) uptrend concluded the third cycle, followed by an expected a-b-c corrective pattern for Wave IV.

Current Price Action:
- NVIDIA is currently trading around $134.29.
- The chart suggests a potential downside correction as part of the ongoing Wave IV, which is typical after a strong Wave III rally.

Correction Levels:

Wave IV Target Zone:
- Support around $120 - $100 is projected, aligning with key Fibonacci retracement levels and prior structural support.
- Invalidation Level: Below $10.58 (unlikely scenario, but included for completeness).

Future Projections:
- After the completion of Wave IV, a strong Wave V rally is expected, potentially pushing prices above $200.
- Long-term Target: $230 - $240, depending on the strength of the next impulsive wave.

Investor Note:
- A bold reminder is included: "I do not recommend selling long-term holdings."
- This reflects the confidence in NVIDIA's long-term growth potential, especially given its leadership in AI, GPUs, and data center technology.

Action Plan:

Long-Term Investors:
- Hold positions through the corrective phase, as the long-term trend remains bullish.
- Use corrections as opportunities to accumulate more shares, particularly within the $120-$100 range.

Key Fundamental Catalysts to Watch:
- AI Growth: Continued dominance in GPU markets for AI training and inference.
- Data Center Revenue: Sustained growth in NVIDIA’s data center segment.
- Product Innovation: Upcoming product launches and advancements in gaming and AI.
- Macroeconomic Factors: Interest rates and tech sector valuations.

Final Thoughts:
NVIDIA’s long-term growth trajectory remains robust, supported by strong fundamentals and market leadership in key growth areas like AI and data centers.

Short-term corrections are natural and offer opportunities for disciplined investors.

Patience is key—hold through the volatility to capture the potential of the next Wave V rally.

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