NVDIA Channel Up ready to explode in 2025 for a $350 target

Sandra Nehemiah

$NVIDIA Corp(NVDA)$ NVIDIA has started the week on a bullish 1W candle, following last week's reversal pattern. Technically that reversal is being formed exactly at the bottom of the long-term Channel Up pattern that started on the October 10 2022 market bottom.

This 2-year pattern is technically very similar to the Channel Up that started on the weekly bottom of December 24 2018. The similarities between the two patterns are striking. Both started after an oversold 1W RSI (<30.00) touch, which then formed Higher Lows, making the price rebound on the 1W MA200. Then, using the 1W MA50 as the Support, the 2019 - 2021 Channel Up expanded all the way to the 6.0 Fibonacci extension, until the eventual break below the 1W MA50 and the 2022 Inflation Crisis.

Observe also how similar their 1W RSI sequences are. Right now it appears that we are after a technical pull-back similar to May 10 2021. The 1W MA50 is supporting and the 1W RSI (which has already made a Double Bottom rebound is bouncing off its MA and looking for a break-out above the Channel Down.

We have already set two Targets ($190 and $240) for on NVDIA on our previous analysis, but this time we move a little further, making a projection for the end of this Cycle. And the final Target is $350, exactly on the 6.0 Fibonacci extension, the level that formed the November 22 2021 Top.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Technically that reversal is being formed exactly at the bottom of the long-term Channel Up pattern that started on the October 10 2022 market bottom.</p><p>This 2-year pattern is technically very similar to the Channel Up that started on the weekly bottom of December 24 2018. The similarities between the two patterns are striking. Both started after an oversold 1W RSI (&lt;30.00) touch, which then formed Higher Lows, making the price rebound on the 1W MA200. Then, using the 1W MA50 as the Support, the 2019 - 2021 Channel Up expanded all the way to the 6.0 Fibonacci extension, until the eventual break below the 1W MA50 and the 2022 Inflation Crisis.</p><p>Observe also how similar their 1W RSI sequences are. Right now it appears that we are after a technical pull-back similar to May 10 2021. The 1W MA50 is supporting and the 1W RSI (which has already made a Double Bottom rebound is bouncing off its MA and looking for a break-out above the Channel Down.</p><p>We have already set two Targets ($190 and $240) for on NVDIA on our previous analysis, but this time we move a little further, making a projection for the end of this Cycle. And the final Target is $350, exactly on the 6.0 Fibonacci extension, the level that formed the November 22 2021 Top.</p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA Corp\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> <v-v data-views=\"1\"></v-v>NVIDIA has started the week on a bullish 1W candle, following last week's reversal pattern. Technically that reversal is being formed exactly at the bottom of the long-term Channel Up pattern that started on the October 10 2022 market bottom.</p><p>This 2-year pattern is technically very similar to the Channel Up that started on the weekly bottom of December 24 2018. The similarities between the two patterns are striking. Both started after an oversold 1W RSI (&lt;30.00) touch, which then formed Higher Lows, making the price rebound on the 1W MA200. Then, using the 1W MA50 as the Support, the 2019 - 2021 Channel Up expanded all the way to the 6.0 Fibonacci extension, until the eventual break below the 1W MA50 and the 2022 Inflation Crisis.</p><p>Observe also how similar their 1W RSI sequences are. Right now it appears that we are after a technical pull-back similar to May 10 2021. The 1W MA50 is supporting and the 1W RSI (which has already made a Double Bottom rebound is bouncing off its MA and looking for a break-out above the Channel Down.</p><p>We have already set two Targets ($190 and $240) for on NVDIA on our previous analysis, but this time we move a little further, making a projection for the end of this Cycle. And the final Target is $350, exactly on the 6.0 Fibonacci extension, the level that formed the November 22 2021 Top.</p></body></html>","text":"$NVIDIA Corp(NVDA)$ NVIDIA has started the week on a bullish 1W candle, following last week's reversal pattern. Technically that reversal is being formed exactly at the bottom of the long-term Channel Up pattern that started on the October 10 2022 market bottom. This 2-year pattern is technically very similar to the Channel Up that started on the weekly bottom of December 24 2018. The similarities between the two patterns are striking. Both started after an oversold 1W RSI (<30.00) touch, which then formed Higher Lows, making the price rebound on the 1W MA200. Then, using the 1W MA50 as the Support, the 2019 - 2021 Channel Up expanded all the way to the 6.0 Fibonacci extension, until the eventual break below the 1W MA50 and the 2022 Inflation Crisis. Observe also how similar their 1W RSI sequences are. Right now it appears that we are after a technical pull-back similar to May 10 2021. The 1W MA50 is supporting and the 1W RSI (which has already made a Double Bottom rebound is bouncing off its MA and looking for a break-out above the Channel Down. We have already set two Targets ($190 and $240) for on NVDIA on our previous analysis, but this time we move a little further, making a projection for the end of this Cycle. 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