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...
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...
💥NVIDIA 1D-TIMEFRAME ANALYSIS
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Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
NVIDIA
Short Term - We look to Sell at 210.20 (stop at 228.47)
Our bespoke support of 210.00 has been clearly broken. We look to sell rallies. Rallies continue to attract sellers. The 61.8% fibonacci extension level is the target.
Our profit targets will be 160.25 and 124.10
Resistance: 210.00 / 250.00 / 290.00
Support: 160.00 / 150.00 / 126.00
...
Hello everyone, as we all know the market action discounts everything :)
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Nvidia Stock starting push back up after the drop caused by the Evergrande problems where we see the stock pushing from 206.27 up to 225.34 in 3 days, That's almost a 10%...
Technicals and fundamentals supporting short position
- Nvidia has risen 25% in the last month to date, suggesting it may have a gap to fill - 90% of gaps get filled
-Overbought on every timescale and has rarely stayed above a 80% overbought level for more than a few days, which it is long
- Stock split coming in mid-July, which will jumpstart a stock buying spree...
the purchase from the second green candle has two reasons: the breakout of the VWAP indicator and the interesting volume compared to other volumes this means that this market is at the start of its uptrend, therefore a buy signal
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Hello everyone!
Traders, we do not like to write more.
The prediction of the Nvidia furure price you can find on a chart!
Regards, Team Traders "Powerful Traders"
Approximately Nvidia activity before IPO.
Just suggestion synchronized with its History and connected with IPO as an official continuation of the price movement.
Regards, Team Traders "Powerful Traders"
Hello everybody, S elling NVIDIA for today would be a good choice.
NVIDIA has broken the rectangle, and try to come back to it, but it makes a spring below the equilibrium. The signals show that NVIDIA will go down to a decreasing trend
As shown in the graph, it seems there is an equilibrium during a certain period (Period specified by the rectangle.
Any huge break of this rectangle gives an idea about the trend of the stock price. if it breaks it down, the stock has a good chance to b decreasing, however, if it an up break, the stock will be increasing.
If none of these cases were realized, the...
Great dip buy opportunity for NVDA, formation of a double bottom shows upward trend will most likely continue, also, a R value of 0.91 indicates a strong trend, upsides likely. Great AI initiative being built by NVDA this is a BIG area for growth.
Conclusion for today’s NVDA stock analysis:
NVIDIA (NVDA) is expected to find support between 171.12 and 167.32 before price resumes current uptrend from 130.73.
Previous NVDA technical analysis looking at its 6 hour timeframe moving averages (50 and 200), their implications and also price development anticipated is provided below.
NVDA Stock analysis for...
