After rising more than threefold, Nvidia (NVDA) stock is pulling back, as uncertainty rises, and many investors take profit.
However, while it may be a while before shares triple in price again, much suggests that this top AI chip play could again perform strongly in 2024.
With this, instead of cashing out/sitting on the sidelines, you may want to enter/add to a...
Hewlett Packard Enterprise (HPE) and Nvidia, two industry giants renowned for their cutting-edge technologies, have joined forces to build a groundbreaking full stack generative AI solution. This collaboration is set to revolutionize the way we approach AI, opening up new realms of possibilities and transforming industries across the globe.
By combining HPE's...
Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse Nvidia for you🫡
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➡️Let me know your opinion about today's analysis...
Greetings dear comminity!
In the vast sea of stock prices, NVIDIA ( NASDAQ:NVDA ) shines distinctively.
💜 If you appreciate our charts, give us a quick 💜
Presently priced at $408, it finds itself ensnared in an intriguing Island Pattern formation. This pattern implies an imminent pullback, with a likely destination being the gap level at $318.
For astute...
- Nvidia seems ready for a bigger retracement.
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Trading Parts
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Short Zone : 400$ ish ( Now )
TP1 : 275$ ish
TP2 : 200$ ish
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- Stay S4fe!
Happy Tr4Ding !
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $750level.
You can see that Nvidia...
As we navigate these uncertain times, we must remain cautious and closely monitor the developments in NVDA and the broader stock market.
Unfortunately, NVDA witnessed a lackluster performance today, failing to maintain its momentum after the recent market rally. This decline may raise concerns and prompt us to reevaluate our trading strategies. While noting that...
Soaring demand for the chips needed to train the latest wave of generative artificial intelligence systems such as ChatGPT led Nvidia to issue a revenue forecast far ahead of Wall Street expectations, prompting a surge in its stock price in after market trading.
The US chipmaker on Wednesday said it expected sales to reach 11bn dollar in the three months to the...
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level.
On the weekly timeframe you...
I couldn't contain my excitement when I heard about the recent development that has sent shockwaves through the industry. Brace yourselves, as this news might be the golden opportunity we've been waiting for!
Just yesterday, JPMorgan, one of the world's leading financial institutions, made a groundbreaking announcement about a "massive shift" in its approach to...
Sometimes you just have to take a break.
Take profit / Support 1 - Around 385-386
Take profit / Support 2 - Around 258-259
Levels by Momentum Wave and Momentum Radar indicators
As mentioned before, there was a large Cup and Handle that formed on the price chart.
We then had the price break up and out of the brim level, showing intense demand and buying.
We also have 7>21>200 MA - Bullish and RSI>50 (Bull zone).
The first anticipated target we set was a medium term one to $562.33
Nvidia continues to make higher highs and all time...
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside.
Also on the weekly...
There is a big gap to be filled and sooner or later we will get there. Lose 375 and we will probably go down to 313 with a stop at 350. Once the gap is filled there is a good chance that the stock could go back up strongly. NFA
Looking for an extension into wave 3 as we seem to be having every pullback to be supported.
Take a look at the link on the nasdaq to see how I predicted the current bull run.
Questions are more than welcome, trade safe!
NVIDIA - KEYLEVELS TO WATCH for a trade.
The best entry in my opinion is under a broken neckline with a short position until the GAP is closed...but not too early i think there will be some days of distribution.
