The analysis of NVDA focuses on its performance from April 7, 2025, using 1-hour Elliott Wave Charts. The rally appears to be an impulse wave, indicating a potential upward trend. Members were encouraged to avoid selling and to buy during pullbacks in designated blue box areas shown on the chart. Starting on April 21, 2025, the cycle reached its third wave at $212.19 before experiencing a pullback, forming a double three structure. Wave W concluded at $195, wave X peaked at $202.92, and wave Y hit the blue box zone between $185.66 and $174.97, where potential buyers were expected to look for profits or a minimum three-wave bounce. A subsequent NVDA chart shows an upward movement after the correction in the blue box. This created a risk-free position for those who followed the suggested buying strategies. A breakthrough above $212.19 is needed to confirm further progress toward a zone between $220.01 and $232.72, which would help avoid another correction. This analysis is for informational purposes only. It is recommended to conduct personal research before making any investment decisions. Recently, NVDA found support in the $175 to $186 range, identified as a key buying zone. The stock has bounced back, suggesting that the corrective pullback is finished. This creates a favorable setup for continued upward movement soon. For traders ready to take advantage, buying call options with expiration dates in late December 2025 or January 2026 could be a direct strategy. This allows ample time for the stock to potentially surpass its previous high and move toward the target area. The recent bounce from support serves as a solid technical foundation for this bullish position. This technical perspective is backed by strong underlying fundamentals. NVDA’s Q3 2025 earnings report exceeded expectations, showcasing strong demand for AI chips. Recent industry data shows that NVDA has retained its dominant market share, holding around 82% of the AI accelerator market as of October 2025. This suggests that the recent price decline was more of a consolidation phase rather than a downturn. The key level to watch now is the previous high of $212.19. A strong move above this price would signal the start of the next upward phase, aiming for the $220 to $233 range. Traders who bought near the recent lows might consider taking partial profits or adjusting their stop-loss to their entry point, making their trade risk-free. We have seen similar patterns in NVDA’s history, especially during the corrective phases in 2023, when sharp but temporary pullbacks happened before the main uptrend resumed. These historical pullbacks often offered buying opportunities before the stock made new highs. The current structure seems to follow this trend. For those who are moderately bullish, another strategy is selling cash-secured puts. By selling puts with a strike price below recent support, for example, around $170, traders can earn premiums, expecting the stock to stay above this level. This approach benefits from a rising stock price and time decay.

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