Chart of the day

Where do we stand fundamentally?

NVDA stays high capitalized company with a strong growth prospects and is expected to continue the strong bullish super cycle.

NVDA pulled back to 118 support where the pullback in the fourth wave should be finished and a continuation to 150 in the extended fifth wave should continue. Deeper pullback and an invalidation of immediate extension higher should happen upon a break below

An invalidation level of a fifth wave extension higher is 96.20. This extension higher could lead to 150 target in the medium-term to long-term upon a break above 135.

_{To join the trend and take advantage of the bullish cycle look for a long trade entry with a stop loss below 110 to target 150 at least. You can trade it with options as well.}