NVDA - Nvidia Earnings: Bulls Have Fingers On The Trigger (Technical Analysis)

2024-05-16 19:15:44 ET

Summary

• Nvidia's stock has consistently climbed through my outlined targets and is now primed for its largest wave yet.
• The company maintains a dominant market share in the GPU sector and has contributed as a frontrunner to advancements in AI technology while consistently providing the market with earnings beats over the last twelve months.
• With latest earnings just over a week away, will this be the catalyst that launches Wall Street's darling towards the $1600 region.

My history charting Wall Street's latest darling stock is pretty straightforward. There have been financial markets I have charted in, particularly during bear markets that, have come within dollars of their targets. Not Nvidia ( NVDA ), it has shown its wave pattern hand and landed or in the latest bullish cases, exploded to target each time....

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