Nvidia ( NASDAQ:NVDA ), the powerhouse in AI chip technology, is poised to close with a staggering $2 trillion valuation, marking a historic milestone in the realm of tech giants. The ascent comes on the heels of an optimistic forecast from Dell Technologies, propelling Nvidia's ( NASDAQ:NVDA ) stock to new heights and igniting a broader rally in the AI...
After reporting earnings earlier last week, shares of NVIDIA have been struggling to march higher, and if you wonder how this is possible despite astounding results, here is some food for thought. The tech giant has experienced an unprecedented rally of more than 360% since October 2022, and it is no secret that the revolution in the AI sector has highly...
I am very bullish on NVDA even though we are in a FOOLS RALLY!!! We have about 60% upside from now until Febuary. I would like to hop into some shares around $166 and ride them up to my red shaded fib levels.
A case of the higher lows in effect here.
As long as the $99 region holds, we can see $110-$120 next
The next buy zone is the $100-102 region.
If $99 fails., we go back to retest the $91-$93 region.
Hi,
Criteria:
1. The trendline
2. Strong multi-yearly resistance becomes support
3. Fibonaccy retracement 62%
4. Round number $100
5. 50% drop from ATH
6. Some EMA's from different TFs are in the zone
Do your own research and if it matches with my TA then you are ready to go.
Regards,
Vaido
1D Chart: Normal candle.
On the day we look at the course of the Bump & Run compared to the previous TA. ( )
This is because we are on the verge of claiming or being rejected as the price is now on the “Lead-In line”.
This Friday will probably play a role in that, if the bulls really claim this, the RUN can be used.
What is also interesting on the day chart? Is...
1D Chart: Normal candle.
On the day we look at the course of the Bump & Run compared to the previous TA. ( )
This is because we are on the verge of claiming or being rejected as the price is now on the “Lead-In line”.
This Friday will probably play a role in that, if the bulls really claim this, the RUN can be used.
What is also interesting on the day chart? Is...
If you haven`t bought the $44 strong support:
Then you should know that Nvidia and Intel might join forces to end Chip Shortage!
I expect INTC will go to $56.
Looking forward to read your opinion about it.
Sometimes there is no need to get creative. Semiconductors have been hot, and $MU is one of the few that hasn't made a new high yet (although it came close, wicking into supply levels near the all time high of $96.69). The bigger picture here is that price is extended from the 21 day and closed below the 5 day last week. It seems a slight pullback is in order
Nvidia has a nice run in October bringing prices to incredible hights.
A run like that needs a cool down moment or maybe a correction so no panic no big deal.
Bearish scenario: there maybe could be a diamond top pattern in the making so watch out. in case it does keep an eye on break out. when break out we could visit the 0.5 ~ 0.618 fibonacci or even further...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: Steadily increasing semiconductor demand due to current shortage will...
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Hi Traders! AMD are investors patiently waiting for ER Q2, there is a good chance of a runup before or after earnings. AMD has managed to end the downward trend that started in feb 2021, and are now in an uptrend. From half May until the beginning of July AMD has had a beautiful run and has had a good correction like it should have, and closed just below the new...
Ben Rabizadeh, founder of storytrading.com, said Aehr Test Systems is his largest position.
Rabizadeh is targeting a short-term move to the mid-teens if the stock is able to break through $8 per share with high volume, which just did.
Aehr Test Systems could reach $50 by the end of 2021, Rabizadeh said.
The stock could trade as high as $100 per share in the...
