NVDIA Corporation (NVDA) has been going exactly as planned since our latest update (February 16, see chart below) and looks very promising to hit the 1150 Target:
On the shorter term, the 1D time-frame, we see one last buy opportunity arising for those who missed our earlier buy call. Based on the (-21.66%) symmetry of the current correction with that of...
Arguably one of the hottest (if not the hottest) stock in 2023 has been NVDIA Corporation (NVDA), currently sitting at roughly + 570% from its October 2022 market bottom. Our December 18 2023 long (see chart below) hit its target, with the price even soaring higher:
The question is, will it keep rising or finally give way to a proper correction or at best...
NVDIA Corporation (NVDA) closed all 1D candles above the Support, as presented on our October 22 idea, and easily rebounded aggressively to our $476.50 target (see chart below):
This time the rebound is very stable on the 1D MA50 (blue trend-line) with the log Channel Up since October 2022 showing incredible upside potential. Best to wait for the Rectangle's...
NVDIA Corporation (NVDA) has technically completed a Head and Shoulders (H&S) pattern, which is a standard market top formation. The price almost touched Support 1 (410.00) on Friday and the Neckline (Higher Lows) of the pattern. As long as those hold, we can be bullish as the risk is low at the bottom while the upside much higher proportionally on Resistance 1...
NVIDIA Corporation (NVDA) has been trading within a Channel Up pattern for the past 4 months with the price currently on its middle, consolidating around the 1D MA50 (blue trend-line). This price struggle to pick up a rebound, resembles the previous bearish leg of the Channel Up, which after a series of Lower Highs, got rejected to form a new bottom (Higher Lows....
NVIDIA - NASDAQ:NVDA
Earnings Release today (After Close)
Earnings Est: 2.082
Reported: (TBC later today / will re-share)
Revenue Est: $11.186 Bln
Reported: (TBC later today / will re-share)
Mid Term Chart
- A correction would be welcome
- Revisit of 10 month SMA @ c.$348 would be ideal
Long Term Chart
- Above 10 month SMA still
- Could bounce off the...
- Welcoming NYSE opening this Week with an opened Short position on NASDAQ:NVDA taken last week due to a Broadening Wedge pattern being formed and Lower Highs Market Structure.
May be forced to Trail SL according to how markets will open
from the positive last Friday's Rally .
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own...
NVIDIA Corporation (NVDA) not only found Support yesterday at the bottom of the 8 month Channel Up but the strong daily rise managed to close the 1D candle above the 1D MA50 (blue trend-line). Last time it did so was on January 09 2023, on a similar bullish reversal fractal after a Channel Up bottom.
With the 1D RSI also rebounding exactly on the Support level...
After the filling of the gap left by the market in the bullish trend at the same time see the rejection of the price of the golden zone Fibonacci we will see a reversal towards to supply zone
- Trading is probality control you risk management
Good Luck !
We haven't looked into NVDIA (NVDA) since May when we mentioned (see chart below) that it wasn't too late to jump onto the rally:
Today our focus is on the shorter-term 1D time-frame where the stock has been trading within a Channel Up since the start of the year. The 1D MA50 (blue trend-line) has been supporting since January 12. It would appears that the...
NVIDIA Corporation (NVDA) closed almost at +25% yesterday and naturally investors who missed the opportunity to buy low might be wondering if it is too late to buy. Technically, the stock is within a 8 year Channel Up on the log scale and following the October 10 2022 Low exactly on its bottom, it has started the new bullish leg towards its top.
The 1W MACD just...
NVIDIA Corporation (NVDA) opened on more than +2.00% today but as it almost made contact with the 1D MA100 (green trend-line), it got rejected. This is far from ideal for the uptrend that started on the October 13 Low as the previous Lower High of this 12 month Bear Market was done again on the 1D MA100 (August 15).
With the 1D RSI entering its Resistance Zone...
NVIDIA Corporation (NVDA) broke and closed above its 4H MA200 (green trend-line) last Thursday and in a surprising display of bullish strength, it has managed to hold it as a Support and consolidate. That was the first series of 1D candle closings above the 4H MA200 since January 14.
If this fails and the stock closes 2 or more 1D candles below the 4H MA200, we...
