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GPU overstock prediction still in effect.
nvidia chart thing
Recently the tech sector has taken a hit in U.S equities. That, in combination with the lackluster earnings reports by Nvidia during which time, their CEO said the company was "crypto hungover" and had suffered a bloated inventory that could take up to two quarters to re-balance.
These negative impacts are reflected on the current technical charts. A pair of ...
Feeling a lot of pain this AM with a very bad chart read yesterday. A collapsing triangle pattern is a classic opportunity to run a Straddle as a breakout is certain, but direction is uncertain. That's where Fundamental Analysis comes in. With the chip sector in bear market territory and AMD missing on the quarter earlier, and the crypto currency market in ...
Correction consists of three waves A-B-C
Wave A can be either a zigzag (3 sub-waves) or an impulse (5 sub-waves)
The events that occurred yesterday by the believer and today at the over-the-counter session (falling to 166) gave a clear signal that the current wave A is five-wave and the target is 150 (maybe even 145)
Next will be a rapid rebound to 210 (top of ...
NVIDIA will drop - 16% during opening U.S Market session.
Flying etherum pattern
Closing my Puts in the morning. Target was $169. Tariffs are no bueno.
This big technology stock reports its earnings today AFTER the market closes. Sometimes the after-market reports are not great reports. On the weekly chart, NVDA shows one of the new tops taught in TechniTrader’s Definitive Guide to Market Corrections course. This is a Sheer Cliff top which is a sudden collapse of price after a trading-range sideways pattern of ...
I think this thing could trade all the way back down to the $100 level based on this chart. Shit went parabolic. Meet gravity.
NVDA moving above the Converging triangle. Breakout coming.
This is a really great longer term short opportunity. From a technical perspective Nvidia needs a big correction. Fundamentally, some of Nvidia's rapid growth can be attributed to the cryptocurrency boom. Among other things, Nvidia manufactures GPUs used for cryptocurrency mining. As you can imagine, demand is weakening.
From a technical perspective, Nvidia ...
in progress :)
FANGs and technology companies could see an additional 20~30% drop as the inflated pressures of pricing expectations deflate.
Technology, much like the 1999 DOT COM bubble, have been inflated over the past 2+ as foreign capital capital has rushed into the US market for safety and security. This recent rotation could be the beginning of a deeper price rotation in ...
There is a huge gap and trap over earnings here. If this gaps up over 226 area this could go straight to the 200MA on the daily chart. NVDA has a history of making very large candles. If this gaps down there is no real support anywhere, but down by the 120 level and I just don't see that.. But man that would be a nice new car buying trade if it did. For me it ...
The most important indicator for price is the price itself.
Now we are facing big move towards huge correction... But we can take profit technical replacement during the big correction.
Actually the B wave is now in progress.
Next Target : $248.3(0.618)
Furthermore, after reaching this $248.3(0.618), we can expect another correction to $100; the C wave.
NVidia closely resembles the Bitcoin chart! The manufacturer closely supplies digital infrastructure companies (crypto miners), many of whom are currently contending with low digital asset prices, regulatory clampdowns, and expensive hardware prices. Consolidations are imminent. And the secondary market for GPUs will likely slam retail prices and orders with the ...