NVDA NVDA experienced a slight dip from yesterday's high, and currently, it is showing signs of an upward trend. If it surpasses the 528 mark, it could potentially reach a new all-time high.by AmyThongbai0
NVIDIA CorporationNASDAQ:NVDA If you have any questions, feel free to contact me.Longby elmehdisaddatiUpdated 223
Nvda 550 Rising wedge here that probably wont correct until NVDA tags 550 or trendline resistance .. not saying to blindly short at 550 but look and wait for a reversal candle near trendline resistance.. SMH chip sector close to a correction also Daily chart by ContraryTrader8
Nvidia unable to break overhead resistance (speculative short)Nvidia numbers were great but Wall St wanted more. Plus, China AI chip launch has been delayed. Sentiment is turning slightly bearish on the stock and the weekly engulfing bearish candlestick is suggesting lower prices. Long term, I still believe Nvidia is a buy on the overhead resistance breakout. For now, stocks can be placed above 504. Looking for prices to slide below around 440. Shortby mansur7Updated 5
Top 3 Benefits Of Positive CashflowCashflow is the lifeblood of any company on NASDAQ. Its positive impact on a company's financial vitality, stock performance, and ability to seize -- growth opportunities cannot be underestimated. Understanding and effectively managing cash flow is essential for long-term success. -- **Disclaimer:** The information provided above is for educational and informational purposes only. -- It does not constitute financial advice, and trading always involves -- a risk of substantial losses, regardless of the margin levels -- used. Before engaging in any trading activities, it is crucial to -- conduct thorough research, consider your financial situation, -- and, if necessary, consult with a qualified financial advisor. Past -- performance is not indicative of future results, and market -- conditions can change rapidly. Trading decisions should be made -- based on careful analysis and consideration of individual -- circumstances. The user is solely responsible for any decisions made -- and should be aware of the inherent risks associated with trading in -- financial markets.Long17:20by lubosi2
$NVDA classic VCP breakoutnVidia had 5-6 month consolidation with VCP chart structure. It broke out of that yesterday in high volume. Usually this indicates more upside to come if the overall market is conducive.Longby Vinodinvest0
Nvidia & Bitcoin Breaking out!NVDA & BTC are trading in lockstep. Are these behemoths signaling a new bull market? A clear correlation is being observed ahead of the BTC spot etf. 07:00by Trading-Capital2
A perfect example of an Ascending Triangle breakout on the dailyHere we can see NVDA just poked out of this perfect Ascending triangle which aligns with the hourly Cup and handle that we have been tracking. Currently no ceiling in place, and the next demand zone sitting down at the $482-$475 range, which would be my next target if this does decide to break back down. On the flipside, looking like another another Bull flag forming on the 15, would def keep an eye on that. Longby impossiblebull220
NVDA - Upcoming ConvergenceSubject: NVDA - Upcoming Convergence In my opinion, NVDA is setting up for a notable move after upcoming convergence on or around the new year. This is evidenced by a few underlying factors. The recent drop (12/20) was simply a mild sell off to capitalize on the large impulsive move that began around 10/31/23. I believe we see another retest of historical resistance on or around the new year. The price has followed an upward trend, which is showcased in bright blue. This has acted as strong support, directing it towards upcoming convergence at the $497 level. Waiting to see if this forms into a double top pattern or continues to push up after convergence. The Fibonacci retracement levels paint the picture for a continuation after consolidating at the 50% level. This is further supported by a majority of analysts price targets above $500 plus. However, both the RSI and MacD indicators do not showcase strong upward momentum. Based on global factors along with other magnificent seven trends, my general theory is we will see a break above $500 and then consolidate again at the $490 - $500 levels. I am playing things safe right now with Bull Put Spreads and cash-secured puts at the $450 and $470 levels respectively. I see a strong value buy at the $470 - $480 levels - don't mind being assigned. Will continue to update this post as time goes on - we'll see what Santa brings NVDA. by jdmabry2012Updated 115
Nvidia distributionNvidia is clearly in a distribution phase. One fakeout to the top, then it'll drop hard. NFA.Shortby Ben_vouhUpdated 4413
This Final wave 5 can target as high as $650With this mornings breach of $507, and as long as price is above $473, we should now be sub-dividing higher as per the chart attached in our final wave 5 advance to complete a very long term pattern and a very high potential of a MAJOR TOP.by maikisch337
$NVDA new ATHNVDA finally broke above the $500-$505 channel. And created new ATH today. It might pullback and retest again, but the chart looks very nice. I was adding dips on the last 50EMA for a longer term trade. Cheers.by Liathetrader3
Nvidia's Strategic Move into the Chinese AI Market In a groundbreaking move, Nvidia, the renowned US chipmaker, is set to launch its highly anticipated China-focused AI chip, the H20, in the second quarter of 2024. This strategic development comes in response to US export rules and marks a significant step in Nvidia's commitment to maintaining its stronghold in the ever-expanding global AI hardware market. Powerful AI Chip Tailored for China: The H20 chip, part of a trio developed by Nvidia to meet strict regulations, boasts impressive AI capabilities. While initially scheduled for launch in November, the delay was attributed to integration issues faced by server manufacturers. Despite this setback, the chip is poised to make a substantial impact upon its release, with mass production scheduled to commence in Q2 2024. Market Dynamics and Initial Production Volume: Insiders reveal that the initial production volume of the H20 chip will be limited, with Nvidia focusing on fulfilling orders for major customers. This exclusivity adds an air of anticipation, hinting at the chip's potential high demand and creating a sense of urgency for investors to secure a stake in this groundbreaking technology. Potential Reluctance in the Chinese Market: Recent reports suggest that Chinese companies are hesitating to adopt the downgraded H20, exploring domestic alternatives amid concerns of potential tightening of US restrictions. However, the strategic move by Nvidia demonstrates its commitment to compliance, ensuring sustained access to the lucrative Chinese AI market. Nvidia's Multi-Pronged Approach: Apart from the H20, Nvidia has plans for two other chips, the L20 and L2, designed to comply with the latest restrictions. The chipmaker, renowned for its innovative prowess, has yet to announce the sale of any of the three chips. This silence builds anticipation and provides a unique opportunity for investors to position themselves ahead of potential market announcements. Preserving Market Share Amid Export Restrictions: Nvidia's bold move comes after tightening US export restrictions limited its shipment of advanced A800 and H800 AI chips. The H20, L20, and L2 chips, although featuring computing power cut back to comply with regulations, still incorporate Nvidia's latest AI features. This positions the company to preserve its market share in China, a vital market for global technology leaders. Stock Soars on AI Demand: Nvidia's recent stock surge, nearly tripling in value, is attributed to the growing demand for its Graphics Processing Units (GPUs) vital for AI applications. As a heavyweight in the AI sector, Nvidia's stellar performance has significantly contributed to the Nasdaq Composite's 43% rebound, showcasing the company's pivotal role in driving AI technologies forward. Conclusion: As the global AI hardware market continues to expand, Nvidia's strategic foray into the Chinese market with the H20 chip presents a compelling opportunity for investors. The limited initial production volume, potential hesitancy in the Chinese market, and the company's resilient stock performance underscore the unique investment prospects associated with Nvidia. In a landscape where technology stocks are poised for sustained growth, Nvidia stands out as a beacon of innovation and a promising addition to investors' portfolios.Longby DEXWireNews115
NVDADrew these yellow support and resistance lines awhile ago and they are still being respected. A new bullish channel has developed. Its also well know Nancy Pelosi bought $5M of Jan 2025 (or is it Dec 2024?) 120C. Follow the money. Go long!Longby Swing_Trade_Charts1
1HR Cup & Handle NVDATracking yet another C&H on the monster that is NVDA. Let's watch out for the breakout once the handles finishes formation. Longby impossiblebull4411
Just seems bullish to meAscending triangle formed. Seems like we're heading higher for a little while longer.Longby cbenedetto100
#NVDA ready for another push higher? Techs look sexyNvda.. couple of reasons why this is a big level and high probability to be long (1) Divergence on RSI (2) Test volume VPOC shelf and held (3) Demark 9 exhaustion signal on daily (4) Gliding off the 50dma (5) Held 50% fib from most recent swing low and high (6) Back above the Main Pivot Putting this all together suggests there is a high probability setup here with a stop below the recent lows at 450. Initial targets 480, 500, then if we break out the channel , much higher.. Longby MarcoOlevanoUpdated 113
NVDA Ascending triangle looking very bullish Ascending triangle pattern on the daily chart poses a strong technical pattern that has been forming in the last couple of months may prove NVDA to finally break out of the 500 resistance Longby Uros_Capital_Investments464654
NVIDIA (NVDA) - SELL (WYCKOFF DISTRIBUTION)NVDA looks as though it has entered a distribution phase after reaching the 1.618 fib extension. Awaiting formation of UTAD (with low volume), to confirm the sell entry. Hard to gauge how far price will continue to rise in UTAD formation, so I would enter on the UTAD test, which will make it easier to spot full UTAD formation. Take profit would be around $318 which would have price reaching the 1.618 fib extension. Coincidentally, this would fill the price gap between $318 - $366. Shortby BullBearBlair111119
Navigating the NVDA Stock Odyssey Unraveling the Enigma of NVDA Nvidia ( NASDAQ:NVDA ) emerged as a beacon of success in 2023, propelling indices to new heights and securing its position as a key player. However, as we stand at the cusp of 2024, the question looms large: Will Nvidia's star continue to shine, or is a dimming inevitable? The Bull Case for Nvidia: Nvidia's meteoric rise in 2023, with a staggering 240% gain, positioned it as a pivotal force driving the S&P 500 and Nasdaq 100 to record highs. At the heart of this success lies the burgeoning demand for artificial intelligence (AI) and Nvidia's prowess in graphics cards and data centers. As businesses increasingly embrace AI, Nvidia stands poised to benefit from sustained chip demand, further solidifying its position as a semiconductor leader. The gaming market, where Nvidia initially made its mark, exhibits signs of resurgence. With higher console sales, increased game purchases, and a growing player base, Nvidia's Q3 gaming revenue saw a substantial uptick. Moreover, the potential introduction of an AI-powered PC in 2024 adds another dimension to the company's growth prospects. Nvidia's strategic investments, such as its participation in Arm Holdings' IPO, showcase a commitment to maintaining a competitive edge. The company's alignment with Arm's critical technology underscores its foresight and adaptability in the dynamic tech landscape. The Bear Case for Nvidia: However, amidst the optimism, concerns linger. The stock, already priced for perfection, trades at 24 times next year's earnings, 27 times sales, and 70 times free cash flow. Any hiccup in Nvidia's trajectory could lead to a significant market correction. With the U.S. restricting the sale and transfer of technology to China, which constitutes 20% of Nvidia's data center revenue, geopolitical tensions pose a tangible threat. The PC segment, despite potential rejuvenation with the advent of AI PCs, remains in decline. The question arises: Can an AI PC reinvigorate this segment, or is it wishful thinking in the face of evolving consumer preferences? Analysts' projections offer a glimpse into the divergent opinions on Nvidia's future. While a median 12-month price target of $650 implies a 35% upside, some foresee the stock doubling to $1,100. These projections hinge on the assumption that Nvidia will continue to dominate the AI market, projected to grow at a formidable 40.2% compounded annual growth rate between 2020 and 2027. Conclusion: As Nvidia charts its course in 2024, investors find themselves at a crossroads. The company's success hinges on sustaining chip demand, navigating regulatory challenges, and continuing to innovate in the ever-evolving tech landscape. The narrative of Nvidia's journey is still unfolding, with the stock testing crucial resistance levels and riding a rising trend channel. Will Nvidia's trajectory lead to new heights, or will it encounter headwinds that alter its course? Only time will unveil the next chapter in the NVDA stock saga.Longby DEXWireNews223
NVDA : Facing Resistance, Short now, Stop -3.5%, Lmt+8.4%Oh Yes, NVDA is ready to be shorted !!! On October 26, I was convinced that it had just broken many technical reference points, projecting a nice and clear Head & Shoulders fall of -23%. On this one, I made an prediction error. Sorry about that. Or NVDA is very well managed; they know what they do! Since then it has increased by +20%... Humm... Well now, NVDA, we'll Wyn this time. NVDA has just turned around today against resistance dating from August 2023 at $500. So, projecting a correction is a good idea, I think so. No sure; we'll see. As on the graph, a Short would be acted at 488.88, the Stop at 505.51 (-3.59%) and the Lmt target at 446.60 (+8.48%) The target combined many supports: - Moving average, Ma 18-21 (red) - Moving average, Ma100 (blue) - Fibonacci retracement at 0.5. So Have a good time, WynTraderShortby Wyn-TraderUpdated 5512
NVDANASDAQ:NVDA holing up on this upsloping channel and hammering on the lower end of it... 482.40 is support that will avoid it from breaking. otherwise I think breaking this channel is likely and heading toward 472.88 - 470 (.68 fib level)by GannInvest2023110
NVDA has formed a the Cup and Handle PatternHi Traders! NVDA is showcasing a Cup and Handle Pattern, indicative of bullish momentum. A key watch is for a stable break above $485.5, surpassing the 9 EMA. Successful positioning above this level could propel the stock towards the $492 mark. Such a breakout might attract early buyers, anticipating a significant rally, potentially beyond the $500 threshold. Stay tuned for pivotal moves!Longby RockyFresh3403