NVDA is about near its top if it hasn’t reached it already. It could send feelers up towards the 915 level by mid April but I doubt it. It’s about to begin its descent to 580. Three possible paths, all of them lead to 580.
The most likely path, since I expect it will drop as quickly as it rose, is it will make large gaps down at these levels:
775 by mid June
680 around mid August
640 by the end of February 2025
580 will be the bottom in June 2025
However, it could jigsaw its way down in which case it will take these levels
820 by the beginning of Oct
720 November
640 February
580 June
Least likely scenario:
A single dramatic plunge to 550-570 by August
Slow ascent to 640 Feb
Drop back to 580 by June
The most likely path, since I expect it will drop as quickly as it rose, is it will make large gaps down at these levels:
775 by mid June
680 around mid August
640 by the end of February 2025
580 will be the bottom in June 2025
However, it could jigsaw its way down in which case it will take these levels
820 by the beginning of Oct
720 November
640 February
580 June
Least likely scenario:
A single dramatic plunge to 550-570 by August
Slow ascent to 640 Feb
Drop back to 580 by June
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