Nvidia has been trying to push higher but selling pressures have been to great.
If the $171 range does not hold I believe in a buying opportunity at the $150 range, but this range may not be met for another 30-50 days. But it is crucial that the $150 range stay as a large support for the bulls otherwise we will have a lower low and moving down will be, in my...
Make no mistake; technology markets make the world go around. Or at least, they make it more exciting. How? Just check out these technology trends you should be watching.
At the same time, you may want to check out the companies that develop such technological advances. Spoiler: Stark Industries not in the list!
AI/AR: Go After Tech Stocks!
Well, the strong bullish trend has a place because the crypto mining was the trend of 2017-2018, at the moment a lot of coins and including the Ethereum of course are developing the stacking mining model so I can't see any positive for NVidia in the near future.
NVidia is working on the AI driver, but there are too much competitors on the market, and some of the...
Confirmation/Entry: 124.46 (ideal) / 188.78 (early)
Invalidation: Local high
Target: Three targets on chart
Pattern: 1) Weekly bearish impulse with 2) break of weekly EMA50, and 3) death cross on daily.
Prices have been tumbling down recently, having broken out of a corrective structure in the form of a bear flag pattern. This pattern was a good way for prices to blow off some steam, after the massive sell-off. Now we expect the prices to go towards the bottom of the corrective structure (bear flag pattern). This is a classic setup and there is no need to say...
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And how long will I live?
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So relax your soul, let me take control
Close your eyes my son
“My eyes are closed “
It looks like we have hit our price target of $187 with the probability of...
Prior to trade talk resumes, Nvidia is seen here to be expected to consolidate further before it bulls run.
US Recession signals are still being digested by the market as 3 month and 10 year yield curve inversion leads to global equity sell off. US Tech industry is expected to further consolidate as markets anticipate the outcome of trade talk.
Trade talks have...
Good week everyone,
Good week for nvidia users, are you enjoying playing minecraft on your RTX 2080 TI SLI on 4k so far? I do hope so =)
Lets take a look on our NVDA stock, we can see on the history that NVDA pretty much rallied up from dips toward ATH on 292 usd level and then a HUGE SELL OFF toward 125usd zone losing 56% of value!
So what now?
The reached key level is a good sell position to take some profits for these who bought at the last low. To get support by fonds and banks, we need a lower price so in my opinion the price will go down again to get more buyers on board.
Technical we have two bear flags.