$NVDA fake breakout or wave 5 incoming?
1. $NVDA
Bullish structure intact. $190 is the line — break it and we rip. Worst case? Wick to $163 and bounce hard. Even if we top here short-term, $179 or $139 are gift entries. Target: $272. Hold your bags. Stop at $189 or $164. Add on dips.
2. $MU
Only 3 waves off the bottom. Not safe yet. Needs wave 5 to confirm base, then long-term target $1466. If we fail here and retest lows, keep cash ready. Next buy zone: $564.
3. $SNDK
Same story — 3-wave bounce, risk of double bottom. Long-term DCA is fine but keep powder dry. Once wave 5 prints and confirms bottom, target $2847.
4. $DRAM ETF
One more high this week = wave 5 = bottom confirmed. After pullback, we start the main rally. Target: $93.
5. $SMH
$NVDA + $TSM + $AVGO = AI proxy. Likely bottomed. Hold recent lows and we run to $771. Worst case double dip with $NVDA? Support at $424. Wave 3-4 correction done. Keep cash for the dip. That's your entry.
TLDR: Accumulation phase ending. Dips = gifts. Wave 5 incoming.
1. $NVDA
Bullish structure intact. $190 is the line — break it and we rip. Worst case? Wick to $163 and bounce hard. Even if we top here short-term, $179 or $139 are gift entries. Target: $272. Hold your bags. Stop at $189 or $164. Add on dips.
2. $MU
Only 3 waves off the bottom. Not safe yet. Needs wave 5 to confirm base, then long-term target $1466. If we fail here and retest lows, keep cash ready. Next buy zone: $564.
3. $SNDK
Same story — 3-wave bounce, risk of double bottom. Long-term DCA is fine but keep powder dry. Once wave 5 prints and confirms bottom, target $2847.
4. $DRAM ETF
One more high this week = wave 5 = bottom confirmed. After pullback, we start the main rally. Target: $93.
5. $SMH
$NVDA + $TSM + $AVGO = AI proxy. Likely bottomed. Hold recent lows and we run to $771. Worst case double dip with $NVDA? Support at $424. Wave 3-4 correction done. Keep cash for the dip. That's your entry.
TLDR: Accumulation phase ending. Dips = gifts. Wave 5 incoming.