Today is day 2 of the NASDAQ:NVDA GTC conference, NASDAQ:NVDA had a bearish day yesterday even though it was day 1 of the event. I think there was actually a lot of great news for NASDAQ:NVDA , but surprisingly there was little upside in terms of price action. So far NASDAQ:NVDA has been bearish since reaching the yellow trendline, and I think the momentum...
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As you can see NVDA weekly RSI is over 90 indicating overbought
FOMO traders also buying NVDA against todays CPI data. Sudden drop in daily volume also indicates bulls becoming weaker.
After NASDAQ:NVDA managed to beat extremely high earnings expectations, I made a post-earnings analysis video discussing how NVDA has the potential to reach this strong resistance level around $940. Just a few short weeks later and NVDA has already risen to this price target. I think this will be extremely strong resistance, and I have concerns that NVDA could...
NVDA looks as though it has entered a distribution phase after reaching the 1.618 fib extension. Awaiting formation of UTAD (with low volume), to confirm the sell entry. Hard to gauge how far price will continue to rise in UTAD formation, so I would enter on the UTAD test, which will make it easier to spot full UTAD formation.
Take profit would be around $318...
If at first you don't succeed....
Traders,
You know I tried this once already. Got stopped out for a loss and honestly, I've been annoyed since. So yeah, this is kind of an revenge trade. Not a good example of how you should trade kids. But again, this is all for your entertainment anyways as I've said all along.
Anywho. Here we are at the bottom of my channel....
NVDA is in downtrend pattern so a good time to short. Stoploss is previous LH. Entry point will be when it comes high and them make after making first bearish candle.
Stock investments by US House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi, are again in the spotlight after shares of Nvidia (NASDAQ: NVDA) declined again after the pair reduced their interest in the semiconductor company.
Pelosi is the first female Speaker of the US House of Representatives and second in line to the presidency (after...
Hello friends, here is a fresh NVDA update. The structure has become quite clear. NVDA should be heading to the 190-210 region. I find it most probable that it will bottom at 200, because that is where the .5 fib retracement lies from this larger degree move. After this, it should move towards 400+ through the rest of the year. Good luck traders :)
NVDA made a nice 5-wave move off the low, but now it is time to take a rest and digest some of the gains. We may still get one more small push up to the 270 level, but it is not worth chasing right now. The price target for this swing trade is 400+, which would translate to a 60-70% return by the end of the year.
Good evening?
According to the classical technical analysis, a diamond gives a minimal correction for the height of the diamond - to $739. The maximum is a full-scale trend reversal.
However, such models are ideally viewed on the daily chart.
not a recommendation, not a tip.
