Expert sets date when Nvidia stock will hit $180
The post Expert sets date when Nvidia stock will hit $180 appeared on BitcoinEthereumNews.com.
In the early days of 2025, Nvidia’s (NASDAQ: NVDA) share price has hovered below the $150 mark, but technical indicators suggest this level could be surpassed in the first quarter of the year, potentially reaching $180. Such a target could validate the anticipation of Nvidia making a decisive break above $150, especially following the technology giant’s strong Q3 2024 results. Since the announcement, the artificial intelligence (AI) leader has faced volatility, with the stock remaining at risk of dropping below $130. Notably, Nvidia ended the last trading session up 3.1%, closing at $138.01. On a weekly timeframe, the stock has gained over 4%. However, NVDA’s share price has dipped by a modest 0.45% year-to-date. NVDA one-week stock price chart. Source: Finbold Nvidia stock price path to $180 Regarding the next price action, stock trading expert Mike Investing predicted in a January 17 X post that Nvidia is poised for a breakout, potentially reaching $180 by March 2025. According to the analysis, the stock is in the final stages of a “cup and handle” formation, a bullish continuation pattern that historically results in an upside breakout. With upward-sloping parallel lines, Nvidia’s current trading channel indicates a trend of higher highs and lows, supporting the optimistic outlook. NVDA stock price analysis chart. Source: TradingView/Mike Investing A breakout could push the stock to new highs as it approaches the channel’s upper boundary. Mike Investing noted that sentiment around Nvidia resembles the 2023 lows before a significant breakout, which historically led to rallies exceeding $50. NVDA is set up for a massive rally going into February. <…> Every time sentiment gets this low, NVDA rallies $50+. $180+ incoming by March,” the expert said. The possibility of NVDA preparing for a bullish run was also highlighted by investment strategist Jon Markman, who observed that the…
Filed under: News - @ January 19, 2025 4:22 pm