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
NVDA: Beware of these Support / Resistance Levels (H & D charts)NVDA shares are losing momentum after a powerful upward reaction this morning. It seems that as it approaches its resistance area, it is becoming difficult for NVDA to maintain its upward trajectory. We had a good reaction near the Fibonacci retracements, which, as we warned in our last public study, was our main area of support. Now the price is trying to recover, but there are still some challenges ahead. The link to our previous analysis is below this post, as usual. It's interesting to note that despite losing momentum, the price could still seek out the $487.61 region, a secondary resistance and previous top that can be seen on the hourly chart: At the moment, there is no clear sign of a bearish reversal, but we should remain vigilant as the price is finding it difficult to break through the resistance of its Ascending Channel, as evidenced by the purple lines. A correction down to the 21 EMA is plausible, but if the price loses this support, then we could see NVDA near the support of its channel again. So, in the short term, it's all about the Ascending Channel, and in which direction there will be a breakout, as well as the 21 EMA. In the medium term, we should focus on the Fibonacci retracements, and the resistance at $487. I must admit that I would like to see the price at $487 again, since that point has been a personal target for me since the first buy signal at $469: Ignition Bar + above the support of the ascending channel + breaking a pivot point + breaking the 21 ema on the 1h chart = Clear buy signal (to me, at least). However, depending on how the price reacts today, maybe the bullish thesis will be thwarted. I’ll keep you updated on this, so remember to like this idea, and follow me for more analysis like this. All the best, Nathan,Editors' picksby Nathan_BlackUpdated 2323489
NVDANVDA is in correction and would likely complete near 420. View is that it will bounce somewhere in 400 -430 zone.Shortby Gymveski1
Nvidia Price Action Now Has Overlap Watch Purple PathwayIn the black count, price has now overlapped on itself making this direct advance in a wave 5 higher unlikely, but not entirely dead. This could morph into an ending diagonal in which overlap is a tell tale sign...but the purple pathway looks to be the most reasonable path as of this morning. Best to all, Chrisby maikisch4
NVDA- Long term short Hello Traders! NVIDIA's stock shows a clear double-peak pattern, indicating a possible drop in price. Keep an eye on the red neckline if it breaks, the stock will fall. Goodluck and please use proper risk management Shortby Zaeemattallah2
NVDA looks at this point like a perfect short again Correct me if I'm wrong :) I love this company a lot, but technically speaking, it looks that the stock experiencing exhaustion after a strong grouwth wave. 10% down to the next support? Shortby AnaBloemkoolUpdated 556
Long in NVDA "I have recently initiated a long position on NVDA stock as the price has reached a significant demand zone. Through comprehensive technical analysis and market observation, I have identified this zone as a key support level where buying pressure is expected to intensify, potentially leading to an upward price movement. This trading decision is based on the belief that the price will rise as the demand exceeds supply within this zone. Furthermore, I have observed additional bullish indicators that support my decision to take a long position. As a diligent trader, I will closely monitor the price action, market sentiment, and relevant fundamental factors to effectively manage my position and make necessary adjustments as the trade progresses. Implementing a robust risk management strategy is crucial to safeguard my capital and optimize potential profits. Please note that trading stocks, including NVDA, involves risks, and careful consideration is essential. I highly recommend conducting thorough research, developing a sound risk management plan, and, if necessary, seeking guidance from a qualified financial professional before making any investment decisions. Kindly note that the above text is for informational purposes only and should not be considered as financial advice. It is always advisable to seek professional advice and conduct thorough analysis before making any financial transactions."Longby JuanHernandez1
NVDANVDA is in a corrective fase, Im expecting for reversal pattern to buy it. it will reach $600Longby ImSoloInvestor0
Big Tech Stocks: Macro Fib SchematicsThis one might be a doozy to look at and I understand. However... Companies that make up trillions of dollars of the broader market are obviously going to be extremely complex using Mathematical Fib Schematics. These schematics were NOT easy to organize and lay out together so give me a break. Each one of these companies has MULTIPLE Fib tools on each of them. This is called Fibonacci Clustering. You can also call it a cluster F***... All I can say for this one is, You either see it or you don't. I am certain of the veracity of these charts so I don't care what plebs have to say about how this looks. I am the ONLY person who has ever laid this out so perfectly you will EVER see. Quote me on it because good luck finding this material literally anywhere on the internet unless you break into Blackrock's HQ. Easter Egg: Click Logarithmic mode on NIVIDA for an extra Fib view of why NIVIDA topped out where it did. by MichaelBsul224
NVIDIA shortIt's hard to trade NVIDIA bearish, but this charts shows a pattern that it could go bearish hopefully to the lower band of the weekly chart channelShortby culloaUpdated 2
NVDA has yet to confirm directionAs per previous postings on my NVDA analysis, price action is still in the posture where either the purple or black counts can play out. It's prudent to remind followers that whether purple plays or black, we will eventually get new highs...however, this next high could be a major top for Nvidia as I have a full longterm count. Weekly Chart . by maikisch225