Updating my analysis with some additions of some key levels to watch for as price makes it's way higher.
I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels.
Even though price seems to be forming a H&S top, I'm not sure that we break down here.
I think the most likely scenario is...
Oh NVDA, NVDA and its tricks.
What a disaster stock, but I still trade it daily.
Let's go over what to expect next week:
There is an immediate setup on the chart for a bullish continuation up. However, its minor and just saying that we will snag up to 883:
That is with extended hours turned off.
Extended hours really just makes a mess out of things based on...
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...
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.
As we watch NASDAQ:NVDA for our next short trading opportunity, we have to keep in mind the unfilled daily gap around 680. After a hefty pullback we could see the stock cluster and move higher looking for a double top where a second and even bigger pullback will occur and the gap below becomes filled. With markets turning higher and only 3-4 months left until...
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.
Nvidia has been weak as of the last month, after a major run-up in the stock. Since we have no catalysts on the short term horizon, I am forecasting a fall back towards $700. However, in the short term we can get as high as $927 before falling back towards my target of $700.
To get this sort move in the stock I will remove the purple alternative path of the...
Uptrend Rules
Strong : Second closing candle above the high of the first breakout candle.
Semi-strong : Price reaches above the high of the breakout candle at any point.
Weak : The second candle post-breakout closes above the 34 EMA (high) of the breakout candle.
Downtrend Rules
Strong : Two consecutive candle closes below the 34 EMA (Low). This...
Simple project where all lines from all rectangles are projected potential support and resistance. Looking to catch at least one reversal (in either direction) with a candlestick pattern or signal at any of them.
The vertical ones are more like time stamps for potential essential events like change in mood, sentiment, volatility or other.
The polygon is more...
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...
NVDA 1 week chart printed the same Fib TSI bearish signal pattern in the week of March 25th 2024 as it did in the week of November 22nd 2021. I'm going to make a bold statement and forecast NVDA stock price to be 345 by April 2025. I'm retracing this target as 346 is NVDA high price in the week of November 22nd 2021, so that would be a natural support level in a...
Here's a neat little POTENTIAL setup.
I added a projection line.
I probably shouldn't have added a projection line.
It will probably make me look stupid in a few months to a year.
Or maybe even right now.
Depends if you like my charts or not.
Or have just recently followed.
This chart is a little more longer term.
Do I think NVDA crashes some 32% to $620...
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The semiconductor industry, known for its dynamic nature, faced a tumultuous day as Advanced Micro Devices ( NASDAQ:AMD ) delivered an uninspiring outlook for the upcoming quarters. The repercussions of AMD's subdued guidance rippled across the market, with its main rival Nvidia ( NASDAQ:NVDA ) feeling the heat, alongside other semiconductor giants like Skyworks...
