GREEN TrapZone is back and UMVD Picked the end of retrace perfectly. We have a bit of steep angle 4 but it just means UNTIL we break it - we have very strong momentum up.
Angle 1 from the recent downtrend is close by, so it will be short term target, as loong as we have Green BARS and GREEN UMVD !
There are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish.
Here we are going to be looking at the signals for the NVDA stock on both sides.
Nvidia was already a massive company thanks to its chips and cards but with the advent of Cryptocurrency it become #1. Now we have this situation where the...
Speculative bubbles excite traders and investors alike.
NVDA is the absolute winner of the AI craze.
Craze is the sentiment of the market cycle peak.
After craze and euphoria, fear and denial will inevitably flood our minds.
It is nothing more than the never-ending cycle of the economy.
A simple line drawn on a chart spells the ultimate demise for...
Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware. Wikipedia
CEO: Jensen Huang (Apr 5, 1993–)
Founded: April 1993
Founders: Jensen Huang, Chris Malachowsky, Curtis Priem
Headquarters: Santa Clara, California, United States
Number of employees: 29,600...
On April 26, 2024, The weekly chart of NASDAQ:NDX shows a weekly recovery from the MA-30 week. NASDAQ:NDX closed near the weekly high which is encouraging. The current close is right near the resistance 17,780 which was broken during the week April 15-19.
Looking closer at the daily chart we can see that the resistance is at the same level with both...
An Analysis of NVIDIA's Performance Trends
NVIDIA's stock performance has been dynamic, with fluctuating short and mid-term indicators shaping its trajectory.
In the short term, indicators peaked on March 8th, followed by notable dates on March 26th and April 12th, suggesting periods of heightened activity or volatility.
Mid-term indicators, however, portray a...
Meta has invested $30 billion in 1 million NVIDIA GPUs to improve its AI model training capabilities and push technological boundaries in AI development. The acquisition, which includes a million GPUs, is one of the largest in the technology industry for such equipment and represents a major milestone in Meta's strategic direction towards the development of...
When I do TA I don't like putting too many indicators. Indicators are probability and nothing else. Too many indicators = too much noise. Anyways we are getting straight in details. The recent trendline on daily from bigger picture is held as support on broad market selloff. Also if you see the MACD on daily it just turned to the upside so putting an additional...
After multiple retests of 61.8 fib, I think JPOW just gave clearance past 1k. I implore you to look at what AVGO did when it broke 1,000 critical level as well as look back at TSLA in 2020 pre/post stonk split. NVDA is now a STONK, and those only go up. AMEX:SPY trend line was regained today, classic shake out before next leg up, thought we'd get a better dip...
- The Market registers higher highs and lows since October 2022 ; The long-term trend is therefore bullish.
- Since 2024, and thanks to the AI frenzy, the market has accelerated from $480 to a new all-time high just below the $1000 zone.
That sharp bullish impulsion that doubled the company's valuation and drove prices to uncharted territory has led investors to...
Short Term Elliott Wave View on Nvidia (NVDA) suggests the stock ended correction on 4.20.2024 at 756.06. From there, the stock starts a new impulsive rally. Up from 4.20.2024, wave 1 ended at 846.07 and pullback in wave 2 ended at 776.80. The stock extends higher in wave 3 towards 887 and dips in wave 4 ended at 852.66. FInal leg wave 5 ended at 888.19 which...
Why the stock gained today?
• NVDA is a good defensive stock to protect against high interest rates.
• Competitor intel losing part of the market and disappointed Q2 forecast
• AI demand from MSFT, GOOG, META, TSLA that just revealed an increase in capex this week.
NVDA is backed up after last week sell-off, could it last ?
• NVDA broke the bearish channel...
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...
Market Overview:
Nvidia's NASDAQ:NVDA recent rally has bolstered bullish confidence, driven by anticipated revenue and profit growth, and positive analyst outlooks, particularly from Goldman Sachs. The company's leading position in the AI-powered GPU sector further contributes to positive sentiment, with potential for continued uptrend supported by upcoming...
There's a lot of speculation NVDA is overextended and, well I can see their point.
But maybe through the last years we have had waves 1 and 2 of Elliot. Which would mean we're in wave 3 and in wave 3 "Overextended" does not really exist. A super consistent trend is what is the norm.
Wave 3's are incredibly easy trends to follow but a lot of the time in wave 3...
Hi, After my TSLA forecast which was confirmed when even everybody on the street was bearish.
I am back with NVDA, which is bullish in the long term. I am in a position for the NVDA 1010 Sept. Call. I trust Fortune 50 companies are investing, directly or indirectly, in LLM, which will lead to Cloud sales and intern drive NVDA card sales. The combined CAPEX...
If support here holds at the .786 fib (light blue line) NVDA will see new ATH.
Profit targets are as listed. Use a stoploss please. Also - May is historically good for semiconductors. Bullish!
*this is not financial advice*
please use a stoploss.
We can attempt to short NVDA from specified level if it break HL , trendline support , also there is bearish divergence indicate that it move downward.
SL , TP mention in chart.
