The future short-term performance of the NVIDIA stock will be decided in the next couple of days... If Nvidia is going to break the support line we are going to see a major pullback, otherwise it could reach a target near 108$
A double top with abnormal volumes and break below the oblique trendline are signals that big hands have distributed. Target for our strategy : 73 Usd with an intermediate target at 96, where we should see a small rebound. Check-out our analysis at www.wallstreetimes.com
Now down-trend has broken the 50 SMA, this signals the "Run" component of "Bump & Dump" pattern is in play.
I am still bullish at NVIDIA stock ahead of earnings, that are reported on 02/09/2017 Have a look also at my previous idea about NVIDIA:
I am still bullish at NVIDIA stock ahead of earnings, that are reported on 02/09/2017 Have a look also at my previous idea about NVIDIA:
Market to enter strong bearish trend after long uptrend. 107-108 Resistance level, then bearish until 84.50, small bounce back before another bearish trend and hit support at 71-71.
Entry: 107.25 Target 1: 119.29 Target 2: 128.10 Stop Loss: 101.75
I think a rotation is in order here. INTC hasn't underperformed this two, and specially AMD like this in a long time. All timeframes look like this might be a bottom in the ratio, so, I'd reccomend swapping your $AMD for $INTC if you have any, and/or take the pair trade. As you know, I'm 10% long $INTC, and also shorting $NVDA, but I have no $AMD position. The...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Needs to finish above Tuesday's low of 111.22
I was looking at GPRO last night, and this is kinda how GPRO saw it's final leg up. Pull back and then a pierce above the recent high, followed by an intense sell. We shall see.....
RSI says maybe not yet, but while Nvidia may feel stronger than ever, perhaps global economy isn't able to keep up with the pace. Only time will tell.
Fundamentals: Nvidia Corp posted higher fiscal second-quarter earningsyesterday after market close and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade. The outlook in the PC industry has brightened following news that PC shipments were flat in the June quarter,...