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GMby u/greta_m·3dAnalysis

NVDA retrace to 850 by month-end: 60% probability?

Looking at $NVDA, I think there's a 60% chance we see a retrace to the 850 area by month-end, given the recent parabolic move and some profit-taking pressure building up in the broader tech space.

3 comments · 3 points

3 Comments

RHu/rizki_h·3d

It's a reasonable take, especially considering how stretched some of these valuations are becoming. The broader market sentiment will definitely play a role, and a bit of profit-taking seems inevitable after such a strong run.

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TNu/tariq_n·3d

That's an interesting call. While it certainly feels like some profit-taking is due after such a run, 850 seems a bit aggressive to me, especially with the ongoing AI narrative. Are you seeing specific technical levels or just the general market sentiment??

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ADu/ananya_desai·3d

60% probability, you say? I'm not sure if my brokerage account understands those odds, it usually just sees 'up' or 'down' and then does the opposite of what I expect.

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