$NVDA It's all So Clear NowNASDAQ:NVDA Has been on a helluva' run. It's been great fun but the ride is almost over.
With increasing competition and NASDAQ:NVDA completely alienating it's true north being its dedicated and loyal gaming consumer base, the fun is almost over.
The AI market is over saturated and the tools needed to run a comprehensive AI gig are well under the unrealistic products advancements NVDA is making.
That being said, ever giant eventually finds a lesson in humility.
Nvidia having blown through it's 1.618 and 2.618 extensions now has it's eyes on the 4.236 Extension being a target of 156 +or- a few bucks. This Stock is Parabolic in a major way and slowing down fast. The retail crowd is in for a big surprise.
No worries because I am here to hold your hand through this difficult time!
Once the stock caps out around 160 we will see an initial move back down to re-test the 2.618 and likely bounce. This bounce will result in a retest of the highs where we will either break and go higher, consolidate for a number of months, or double Top for a second failure near 160 where retailers will be left holding the bag.
As with all stocks, all great runs and push-offs, NVDA will come back to a 60-70% discount on price near a demand level which I have marked up in Green Boxes.
This is where you will want to buy again.
For England James.