NVDL: How To Play An NVDA Breakout And A $220 Stock Target
Summary
- I maintain my buy rating on GraniteShares 2x Long NVDA Daily ETF, as Nvidia's technicals and bullish seasonality suggest further upside despite the recent rally.
- NVDA stock's valuation remains reasonable given its growth trajectory, with a potential breakout above $153 targeting $220 long-term.
- Leveraged ETFs like NVDL are risky and best suited for knowledgeable, active traders seeking short-term opportunities in NVDA's momentum.
- Upcoming catalysts include earnings, corporate events, and strong seasonal trends, all supporting my constructive outlook on NVDA and NVDL.
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