💪💪💪 HOLD FIRM! Kia kaha! 💪💪💪
June 26th is the Shareholder meeting for NVIDIA. Huang selling another $31 million is a drop in the 🌊 for him ~ less than 1% of his net worth. Huang holds over $110 Billion! Insiders sell for all kinds of reasons. Anyone with any knowledge of insider transactions knows that buys are more reliable than sells! At some point he needs to monetise for whatever the reason and this was a pre-planned sale & well earned on his part. Peeps need to stay informed and stop getting reeled in by click bait 🎣. Instead they do a RunForrestRun. Who wouldn't sell at an all time high if they needed the dosh ~ isn't he going on vacation on his new yacht?🤣
Post market trading $127.00. Check out my Fibonacci Pinball post, this is going to see some Pinball action but I'm looking at a Fib 🎯 of approximately $163 ~ earnings 15th of August could be the 🔑. NB: Fib Pinball predicts the price ~ not the timing! Looks to me from the fundamentals and indicators to be on a Parabolic Arc to reach $400 later in the year.
Why I’m Holding NVIDIA and Why I Think You Should Too:
1. Strong Leadership: Jensen Huang’s leadership and vision have steered NVIDIA to new heights. A small insider sale doesn’t change the fact that NVIDIA is a powerhouse in the tech industry
NVIDIA (NVDA) Stock Forecast and Price Target 2024
2. Innovative Technology: NVIDIA continues to lead in AI, gaming, and data centres. Their technology is in high demand, and they are constantly innovating to stay ahead of the curve
NVIDIA (NVDA) Stock Price, News & Analysis
3. Financial Health: NVIDIA’s financials are robust. They have a strong balance sheet and consistent revenue growth. Their upcoming earnings report on August 15th is poised to be a game-changer
NVIDIA (NVDA) Stock Forecast and Price Target 2024
4. Future Potential: The Fibonacci Pinball analysis suggests a target of $163 in the short term, but the real excitement lies in the potential to hit $400 later this year. This aligns with the broader market trends and NVIDIA’s growth trajectory
NVIDIA (NVDA) Stock Price, News & Analysis
5. Market Sentiment: Despite short-term fluctuations, the long-term sentiment for NVIDIA is bullish. Investors need to look beyond the noise and focus on the bigger picture
NVIDIA (NVDA) Stock Price, News & Analysis
Monte Carlo Simulation Insights:
• Mean Final Price: $145.94
• Standard Deviation: $45.90
• Price Percentiles: 5th - $83.01, 50th (Median) - $138.87, 95th - $231.92
These simulations further support the potential for substantial price appreciation, validating the bullish outlook on NVIDIA.
Remember, the key to successful investing is patience and staying informed. Don’t get swayed by temporary market movements. Hold firm, and let’s ride the wave to new heights!
Happy trading! 🌟
Chart Analysis and Technical Insights:
• Current Price: $127.00
• Short-term Target: $163 (Based on Fibonacci Pinball)
• Long-term Target: $400 (Based on Parabolic Arc and Market Fundamentals)
• Key Dates: Shareholder Meeting on June 26th, Earnings Report on August 15th
NVIDIA’s my gem, I’ve bought in at the helm, holding strong, no need to overwhelm. With Jensen’s vision and tech supreme, $163 short term, $400’s the dream. Investing wise and holding tight, through market waves, we’ll reach new heights. 🌟
So for myself I'll hang in there! Happy trading ahead! Cheers, BC🍀
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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.
Based on the information provided, it seems that there are mixed opinions and actions regarding insider selling at NVIDIA. While some insiders, including CEO Jensen Huang, have sold shares recently, it is important to consider the context and the reasons behind these transactions. Insider selling can occur for various reasons, such as diversification, personal financial needs, or planned sales.
It is worth noting that Jensen Huang still holds a significant number of NVIDIA shares, and his recent sale represents less than 1% of his net worth. Additionally, other executives have also sold shares, but the company's leadership remains strong.
To make informed investment decisions, it is crucial to consider both fundamental and technical factors. The upcoming shareholder meeting on June 26th and the earnings report on August 15th are important events to monitor. However, it is important to note that past performance is not indicative of future results.
Regarding the price targets mentioned, it is important to conduct thorough research and analysis to validate these predictions. Fibonacci Pinball and Parabolic Arc are technical analysis tools that can provide insights, but they should be used in conjunction with other fundamental and technical indicators.
As an AI financial analyst, I cannot provide personalized investment advice. It is recommended that you consult with a qualified financial advisor or conduct your own research before making any investment decisions. Remember, investing involves risks, and it is important to diversify your portfolio and consider your risk tolerance.
Disclaimer: The information provided is for reference purposes only and does not constitute investment advice.