On chip stocks March 22, 24: Which one to chooseWhile NASDAQ:NVDA and NASDAQ:LRCX are trading at their high. NASDAQ:AMD is moving down its own MA50 I love all 3 stocks and have been trading all 3. But at this moment I definitely will move money into the 2 which are near their high. Longby longsonvn1
Nvidia - Volatility At The TopHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: For a decent period of time, Nvidia has been trading in an obvious rising channel formation. We had the last retest of support in 2022 so the rally of +600% towards the upside was actually quite expected. Nvidia is now approaching the upper resistance of the rising channel so there is a quite high chance that we will see at least a short term bearish rejection soon. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.02:49by basictradingtv1123
Should Investors be Worried About Nvidia's Business Practices? NVDA is the stock of the current times, but is this driven by real substance or it's it enthusiasm based momentum following fuelled by creative accounting practices? Introduction: NVIDIA Corporation (NVDA), a leading technology company renowned for its innovations in graphics processing units (GPUs) and artificial intelligence (AI) technologies, has recently found itself under the microscope regarding various aspects of its financial practices. This article delves into notable instances that have sparked concerns among investors and stakeholders, shedding light on potential implications for the company's reputation and future trajectory. Unpaid Contracts and Concentrated Revenues: Despite NVIDIA's recent earnings report surpassing expectations, there is growing apprehension surrounding the sources of its revenue in the most recent quarter. Notably, a significant portion of Q2 revenues appears to be derived from contracts that remain unpaid, raising questions about the reliability of reported figures. Moreover, concerns have been raised regarding the concentration of revenue from just 1-2 clients, a potential risk factor for the company's financial stability. Among these clients, speculation points to CoreWeave, a promising start-up partially financed by NVIDIA. CoreWeave's recent acquisition of a substantial $2.3 billion line of credit, using NVIDIA's H100 as collateral, has garnered attention within financial circles. Notably, CoreWeave's primary funding source, Magnetar, a hedge fund infamous for its involvement in collateralized debt obligations during the Great Financial Crisis, adds a layer of complexity to the situation. The decision to leverage H100 chips as collateral raises concerns about the underlying demand for AI chips and whether it is driven by genuine market needs or speculative motives. Former CFO’s Fraud Charges: Adding to the scrutiny surrounding NVIDIA's financial practices is the case involving its former Chief Financial Officer, Christine B. Hoberg. Hoberg faced allegations of fraud, with the Securities and Exchange Commission (SEC) asserting that she deliberately failed to record $3.3 million in expenses related to a deal with a supplier. This revelation not only tarnishes the company's reputation but also raises broader questions about the adequacy of internal controls and oversight mechanisms within NVIDIA's financial operations. Cryptomining Impact Disclosure: Further exacerbating concerns about transparency and governance, NVIDIA recently settled charges with the SEC over inadequate disclosures regarding the impact of cryptomining on its gaming business. The failure to provide sufficient transparency on this matter not only undermines investor confidence but also highlights potential shortcomings in NVIDIA's communication strategies and compliance with regulatory requirements. ====================== One has to wonder what the effect on the broad markets would be if it transpired those who claim NVDA is all a fugasi turn out to be right. Shortby holeyprofit4
NVDA I purchased it at the dip level I mentioned last week, around $852. It seemed to lightly touch the support area, as I observed many buyers waiting to re-enter the market at that level. My next targets for tomorrow are $923 and $937.Longby AmyThongbai1
NVDAThis is my current analysis for NVDA- I can see one last short squeeze before further downside.by Stockplayss2
NVDA - At 1000$ mark before end of the week ?NVIDIA's chart is getting interesting. There's a chance we might see a breakout towards $1000, and here's why: Elliott Wave Triangle in Play? Sharp traders might have noticed a possible Elliott Wave triangle forming. This pattern often appears before a significant price movement. Right now, it looks like wave E (the last one) is unfolding. If it breaks above the resistance line, things could get exciting! Here's the breakdown: Triangle Pattern: Notice how the price has been stuck in a tightening range? This suggests indecision, but it can also build up buying pressure for a potential breakout. Wave E: If this is the final wave, a clean break above resistance could be the key to unlocking that $1000 target. So, if the triangle plays out as expected, we could be in for a nice 15+% run. Just be sure to manage your risk carefully. For experienced traders looking to maximize gains, strategically buying near the bottom of wave E could be an option. This minimizes risk by entering before a potential breakout, but remember, it requires active management and a good trading plan. Longby ElliottWaveBelgium2216
Roadmap for Elliot Break Pattern. Note - this analysis is entirely contingent upon a high being made here. A new high annuls the analysis. All this is doing is mapping out the typical swings we see in a break as part of prep for dealing with one if it comes. Betting the high is in here in speculative (I have puts, but it's a high RR setup). Follow up to: As discussed in the last post, there was the classic bearish signal which I hate because I know most of the time this makes some sort of bull trap or even a spike out high/new trend high. However, if we're going to complete the classic shallow bull trap, we'd be around the high of that now. So here's the break plan if it happens. First drop bounces around 1.27. Retests the break. Capitulation leg to 2xx fibs. Probably a retest of 1.27. Rejection from 1.27 can set up stronger downtrend. Shortby holeyprofitUpdated 447
One more new high for NVDAThe bullish sequence in NVDA is incomplete. It needs one more new high. Compared with other tech/semi-conductors like AMD and SMCI which have already broken down, it is possible that NVDA would be the last giant standing making a new ATH while the others made a lower high before everyone rolls over.Longby TraderBwaterUpdated 3
Nvidia in symmetrical triangle.Trade idea NVIDIA - 48h expiry - We look to Buy at 870.50 (stop at 846.50) As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. This has resulted in a large symmetrical triangle formation being posted on the intraday chart. Trend line support is located at 870. The bias is to break to the upside. The primary trend remains bullish. Trading close to the psychological 1000 level. Trading has been mixed and volatile. Our profit targets will be 930.50 and 940.50 Resistance: 905.50 / 924.08 / 938.50 Support: 890.00 / 870.00 / 850.10Longby Signal_Centre15
NVDA is at its peakNVDA is about near its top if it hasn’t reached it already. It could send feelers up towards the 915 level by mid April but I doubt it. It’s about to begin its descent to 580. Three possible paths, all of them lead to 580. The most likely path, since I expect it will drop as quickly as it rose, is it will make large gaps down at these levels: 775 by mid June 680 around mid August 640 by the end of February 2025 580 will be the bottom in June 2025 However, it could jigsaw its way down in which case it will take these levels 820 by the beginning of Oct 720 November 640 February 580 June Least likely scenario: A single dramatic plunge to 550-570 by August Slow ascent to 640 Feb Drop back to 580 by June Shortby fmpax22114
NVDA March 20, 24: A High Tight FlagOn March 20, 24, NASDAQ:NVDA is moving in this high tight flag pattern. I am looking for an entry if this stock will move out this flag on high volume.Longby longsonvn3
NVDA: Where to next?I didn't post a weekly idea on NVDA because there was no clear setup. Don't get too excited, there still isn't :-P. For the last little while we have been confined in this wedge pattern. It actually broke down from the lower trend line today quite susbtanitally but we ended the day reclaiming it. We will go to the top of the range most likely in the 920s. I honestly don't doubt this one bit. Taking the current uptrend on the hourly timeframe and plotting it back from October of 2022, these are the hourly ARIMA results from now till the end of the week: 927 is our EOW 80% level. 940s are our 95% level. It continues to limit downside and predict upside, both when using full history and when using the October low trend. Because I have the data and model trained already, let's run it for the rest of this week and all of next week (a total of 42, 1 hour candles, because Remember next week is a short week!): 971 is our 95% for next Thursday. If we make some great progress this week to the 80 or 90 range it will push the forecast up a bit more (towards the 1,000 mark that everyone is watching). Let's see what happens into EOW and we can process the new information. I will probably post the updates as an addendum to this idea, so stay tuned if you are interested! Safe trades everyone!Longby SteverstevesUpdated 1116
NVDA's White Support Line for a Potential Rebound Today is day 2 of the NASDAQ:NVDA GTC conference, NASDAQ:NVDA had a bearish day yesterday even though it was day 1 of the event. I think there was actually a lot of great news for NASDAQ:NVDA , but surprisingly there was little upside in terms of price action. So far NASDAQ:NVDA has been bearish since reaching the yellow trendline, and I think the momentum has been bearish. For now NVDA is near a white support line and bulls are looking for a rebound here so that NVDA has some upside for day 2 of the GTC event.by realchartchamp5
NVIDIA Bulls Charge into Uncharted Territory with ConfidenceAfter NASDAQ:NVDA successfully weathering a weak environment in the last season (yesterday) , today the AI darling appears strong and ready to achieve new gains. AST Score trimmed the alarm yesterday, signaling a potential local top despite a weak market environment, today things look brighter again. Our indicator shows strength, as the base (beige) line crossed the blue panel, indicating that the bulls are in control once more! Furthermore, our Random Variable indicator is signaling favorable conditions with the light green light on! Talking about yesterday, I really admired how NVIDIA bulls defended the lines despite a very weak performance by the MAG-7 group, especially considering the grim show put on by TSLA and AAPL. In a nutshell, NVIDIA has silenced the alarms and is poised to soar to new highs in uncharted territory. Don't forget to follow me; I'll keep you updated on the latest NASDAQ:NVDA trading best moves. The information provided regarding any financial advice, investments, or business transactions is for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Before making financial decisions, it is strongly advised to seek the advice of qualified professionals and assess your individual situation. Neither the language model nor its trainer assumes any responsibility for decisions made based on the provided information.Longby Carlos_F_444Updated 2
NVDA $930, then $10600. Notes to follow; NVDA Technicals Nvidia coming out of a downward channel, height is $30 or so, and breakout probably around $900, with $930 the next target. Nvidia also coming out of "failed??" Head & Shoulders, that had a throwback, and the obvious right angled descending, which is quite high, basically $850 to $970 so $120 height. Also, the Head and Shoulders did reach the 98% retracement target, which is really high. So $907 to $877, then $30 on the $877 is $847. We hit a low today of $850. Can't really say failed, as it was almost to the dollar. Breakout normally around $930 This leaves a technical target for NVDA around $1050 Conclusion: Perfect technical = Stock trading on emotion and MOMOLongby drchelsea1117
NVIDIA consolidatingThe major US stock indices ended higher yesterday, breaking three days of back-to-back losses from the middle of last week. The mid-cap Russell 2000 failed to join in however, ending Monday’s session down 0.7%. All the US indices were weaker this morning, but picked up as the day wore on. Investors are likely to sit on their hands now during the two-day Fed meeting which ends tomorrow. There’s virtually no chance of the Fed announcing any change to interest rates at this meeting. But its accompanying statement, its quarterly Summary of Economic Projections and Fed Chair Powell’s subsequent press conference all offer up opportunities for the US central bank to provide insight into its current thinking. The concern is that, following last week’s disappointing inflation releases, the Fed may indicate that it is pushing out further the timing of its first rate cut since March 2020. This could also see it revise downward its projections for how many cuts we may see this year. The June meeting is currently the favourite for the first cut, and there’s no doubt that there will be plenty more inflation updates, along with other significant data releases, which will help give a clearer picture about the state of the US economy before then. But a shift towards September can’t be ruled out. In addition, analysts will be listening out for any changes the Fed may make to its balance sheet reduction programme. Yesterday, NVIDIA hosted a tech conference where it announced the production of its newest and most powerful AI chip, Blackwell. Investors seemed underwhelmed, and the company lost around 1% in after-hours trading. But like the broader market, the stock turned higher later in the session. The 4-hour chart, as shown above, suggests that the stock is currently consolidating after its latest long rally, and investor appetite remains positive for now. It appears to be forming a pennant, although currently there are too few touch points on both the top and bottom lines for this to mean anything significant as yet. But often, although certainly not always, a pennant breakout resolves in the direction of the earlier trend. Maybe tomorrow will bring a resolution. by TylerNorcross1
NVDA - Once a Castle, Always a Castle🏯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NVDA has been overall bullish, trading within the rising wedge in green. Currently, NVDA is in a correction phase and approaching the lower bound of the wedge. Moreover, it is retesting the previous major high marked in red. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the previous major high and lower green trendline. 📚 As per my trading style: As #NVDA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst4424
Time to Test Some Lower Levels for SupportBack in December when NVDA was trading in the 490s I posted an idea (linked) predicting it would make a run to 660. It went above and beyond that, and now its at a point where I'm exiting long positions and watching it closely for a chance to short. At this point, I think it is still risky to short, but staying long is foolish. NVDA has started a distribution phase and has earnings as a catalyst this week. What remains to be seen is if this distribution phase will have an upthrust (UTAD) to achieve one more higher high, or if it will get its sign of strength to the downside. Bulls might ask why would it reverse now? - because increasing demand has become unsustainable with out making a pullback to establish some significant support below. ----------------------------------------------------------------------------------------------------------------- Near Term expectations for price action: - I'm looking to enter some near-term puts on other names next week, but I'm not playing NVDA until after earnings (there are better plays) - But I think NVDA (and semis group) is arguably most important driver of overall market currently *** 715 is the most important level - If 715 holds as support NVDA will see a higher high in the coming weeks - If it sees a sustained break below 715 then it will become bearish near-term and will need to test some lower levels for support before attempting new high Chart - important areas explained: ** If NVDA is trading inside the shaded green diamond going into earnings then I'm expecting a gap up following the report to breakout above 742 3 most likely paths: GREEN arrow (bullish): drop to test 715 going into the earnings report and then breakout above 742 - if this occurs my upside targets will be 777, 792 and 816 by end of March 2024 RED Arrow (near-term bearish, but will provide buying opportunity): break below 715 to around 697-707 and then test 715 for resistance but get rejected ( if this occurs I will buy Mar 1 puts, and my downside target will be 661-683 by 2/28-3/1 ) black arrow ("worst case" scenario bearish): I don't think NVDA will crash but its setup does actually allow that as a possibility if 661 fails as support)... in this scenario we will get the same price action as the RED path, but 661 would fail as support. If this occurs there is downside risk to 560 and my targets will become 619, 585, 560 .. This would actually be the best case scenario for traders ha $$$$ - not enough evidence yet to expect this but I am watching close. See linked ideas of my previous NVDA long ideas if you need validation that I'm not just some doomsday preacher, I'm looking at it unbiased as possible.by JerryMandersUpdated 5656112
NVDA Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-18-2024 GREEN UMVD pushing the price UP with a strong Green TrapZone. by SnowflakeTraderUpdated 3316
Will Any Other Chip Company Catch NVIDIA?NVIDIA leads the chip industry, especially AI chips and their product announcement today was nothing short of remarkable. They had the entire web buzzing about their newest releases. It does not appear that any other company is even close to what they've accomplished and they are years, if not decades ahead. Even Intel and AMD are chasing with a longshot. The big question is whether any of these companies can catch up with NVIDIA in a matter of years or if NVIDIA will stay ahead. However, this also leads me to the real reason I am writing this post: Are there any other chip companies we should keep an eye on? Share your thoughts and suggestions for other companies to research in the comments!by scheplick2213
Midnight $920 broke through upper boundary but didn't hold. Last night, 3/17, midnight trading $920 high would of broken upper boundary signaling an uptrend. But it didn't hold. Perhaps we're waiting for FOMC meeting 19th-20th. Overall I think we're still in an uptrend. by MoneySeed5