NVDL: How To Play An NVDA Breakout And A $220 Stock Target

  • 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.