Nvidia is cheaper than the S&P 500. Read that again. $NVDA last fiscal year: • Revenue $216B, up 65% • Operating margin 60% • Free cash flow $97B • $40B in buybacks Yet it trades at roughly 12–17x forward earnings after a 20%+ pullback. The chart is telling the same story. Price is sitting on the lower line of the rising channel that has held since 2023, with 177 support right below. Every test of this line since 2025 has been bought. My Elliott count: wave 4 is ending here. Wave 5 targets the upper channel line at 270–280. Invalidation: a weekly close below 152. Full breakdown with the fundamentals table 👇 https://t.co/LuiJbAOtx1
Alex | Gold & Elliott WaveShare
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