NVIDIA. possible another 59.23% gain. 6/June/24NVDA's 1890 (189 after splitting ) is next major resistance where price meet time by end of the year ( right after US election). by SteveTan6
NVDA short term correction????Be greedy when others are fearful and fearful when others are greedy. NVDA is extremely profitable and AI is the future indeed. However, i do think we are due for a technical correction which would take us below 1k. Thank you & have a nice dayShortby foreignMeerkat66130Updated 116
NVDA long from $1200 to $1600 - easy 30% - pure technical playNVDA is in an incredibly strong bull market - it looks very good both fundamentally (rising revenue and profits, virtual monopoly on AI chips) and technically. Current wave that started in Nov 23 is yet far from being done and it's very unlikely it would conclude before hitting at least $1600 maybe will even go much further to $2k area.Longby rafbie6
Nvidia Where iT Will Break ?Hi mates and Trading community so here i am sharing mine a very simple and ordinary idea on Nvidia on the basis of price action support and resistance but hope it will work and will respect to the marked levels. So as we can see that price reaching third time to the marked resistance and getting rejections again from there so i marked up an immediate support (920) if price break this and close below we can see price can touch marked target zone below which is also a support zone based target and if price will break resistance and succeed to close above we can see marked potential upside target in coming sessions target taken from the length of consolidation channel. My view for coming trade execution is not clear so far that is the reason not tagging this publication in long or short category so after any breakout i will update my trade idea accordingly. This idea is meant for only educational purpose this not any kind of trading or investment advice. Best Regards- Amitby AMIT-RAJANUpdated 151546
NVDA - Antitrust Scrutiny and AI Market MilestonesMarket Chatter: Antitrust Scrutiny and Milestones in the AI and Tech Industry Antitrust Scrutiny for AI Dominance Microsoft ( NASDAQ:MSFT ), OpenAI, and Nvidia ( NASDAQ:NVDA ) are facing antitrust investigations over their dominant roles in the artificial intelligence industry, according to The New York Times. The Federal Trade Commission (FTC) and the Justice Department have agreed to proceed with these investigations. The Justice Department will lead the investigation into Nvidia, while the FTC will focus on OpenAI and Microsoft. Nvidia's Market Cap Controversy Nvidia Corp. ( NASDAQ:NVDA ) has achieved a new milestone, surpassing a $3 trillion market capitalization for the first time and briefly overtaking Apple’s valuation. However, this milestone has reignited debates about its true value. Aswath Damodaran, a professor at New York University Stern School of Business and known as Wall Street’s "Dean of Valuation," believes that Nvidia’s intrinsic value does not justify its current price tag. He acknowledges the company's compelling narrative and market momentum but remains cautious about its lofty valuation. Short-Term Bets on Nvidia Ahead of Stock Split As Nvidia's stock split approaches, traders are making short-term bets on the stock's movements. Data from Cboe Global Markets shows that 19 out of the 20 most actively traded options tied to Nvidia are set to expire by the end of this week. This frenzy is reminiscent of the activity seen around Tesla's stock split in 2020. On Tuesday alone, Nvidia options worth around $283 billion were traded, dwarfing the $18.7 billion traded for Apple. Nvidia's Ascent in Market Valuation Nvidia has rapidly climbed the ranks of the world's largest companies. Earlier this year, it surpassed Amazon to become the third-largest US company. Recently, Nvidia overtook Apple, securing the second spot with a market value of $3.01 trillion. Nvidia's shares closed at a record $1,224.40 each. The company now aims to challenge Microsoft for the number one position, needing to gain approximately $150 billion in market value to do so. These developments highlight the dynamic nature of the tech and AI industries, with significant market movements and regulatory scrutiny shaping the landscape.Longby SroshMayi5
Nvidia's Potential Breakaway Cup and Handle PatternNvidia's breakaway gap to the upside on June 3.2024 suggests that the stock could now be targeting a move to it's upside target of1192. Daily Chart Analysis, shows NVDA forming a Bullish Cup and Handle Pattern, at these levels. Keep in mind, that the stock will split 10 x1 this Friday June 7,after the close of trading, so traders now seem to be gunning the upward velocity of the coming split. Note ! LONG STOP at 1000 this week, or at 100 after split, trading June 10,2024 NVDA Last 1122.77 THE_UNWIND Woods Of Connecicut Longby The_Unwind5
Nvidia Major Top at 1,158.19Nvidia Corporation (NVDA) Elliott wave count from its major bottom made in October 2008 appears complete. On 05/30/24 NVDA high was 1,158.19. Major Fibonacci resistance is at 1,157.70 almost a bullseye hit. Daily MACD – Histogram has flattened out. Stochastic has bearish lines cross. None of the other “Magnificent Seven” stocks confirmed NVDA new high. None of the three main U.S. stock indices made new all-time highs. If NVDA has made a major top it could signal the beginning of a multi-month decline in U.S. stocks. Shortby markrivest7
Sh_NVI believe that there have been price gaps, and NVIDIA needs to drop to close them before continuing the upward trend or undergoing a deep correction. The recent surge is justified by the AI hype, and I expect yesterday's move was intended to trigger the short positions on the stock. Therefore, I anticipate a short-term decline in the stock, possibly this week, as the rapid ascent will likely be followed by an equally swift profit-taking reaction. I'm 90% confident in my trade, and I will close the position if a 15-minute candle closes above the stop-loss level.Shortby KAIM17774
💫NVIDIA might be ready for ATH: Multitimeframe💫☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Longby Yelli_tradesUpdated 3312
Important section: 1071.36-1130.53Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) The key is whether the price can be maintained by rising above the Fibonacci ratio 3.618 (1135.97), which is the peak of the major uptrend. If not, it is expected to form a downtrend and form a new trend. (1W chart) The Fibonacci ratio on the right is shown in the major uptrend. The Fibonacci ratio on the left is shown in the recent uptrend on the 1W chart. Accordingly, if the price is maintained above the right Fibonacci ratio 3.618 (1135.97), it is expected to rise to the left Fibonacci ratio 1 (1339.36). The important section on the 1W chart is around 848.46. Accordingly, if it fails to rise above 1130.53, it should check for support near 848.46. The rising channel indicated by the circle is a trend line connected between lows. Therefore, if it cannot rise within the current rising channel, the key is whether it rises along the rising channel between lows indicated by the circle. (1D chart) The HA-High indicator on the 1D chart is showing signs of being created at the 1071.36 point. Accordingly, the important section on the 1D chart is around 1071.36. Therefore, the section 1071.36-1130.53 is the important section. This volatility period is around June 4th (June 3rd-5th). Therefore, it is necessary to check in which direction it deviates from the section 1071.36-1130.53 after the volatility period. Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that a full-scale uptrend will start after it rises above 29K. The section expected to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCrypto3
NVDA BLOWOFF TOP wave 5 of 5 The chart posted in NVDA from an Elliot Wave structure we are clear in a wave 5 of 5 blowoff see chart for details labeling I am looking to take a 75 to 90% long PUTS in SMH and will be Only be buying IN the money and out in 2025 This is the mirror of the low that formed in oct 2022 at fib relationships on a super cycle degree See oct 2022 post A MAJOR BOTTOM by wavetimer2
Latest analysis and advice! Hope I can help youHello, friends I've taken profits on my final NVDA long piece today and opted to go short with a tight stop as I think the turn could be near at hand (post split). Long from 800 exited final piece at 1240. New posn Short 1240 Stop 1280 Target 1000 Return/Risk 3:1by Future-transactionUpdated 3
NVDA: Is the incredible run coming to an end?NVDA chart is as bullish as it can get. Monthly close is as strong as it can get. There is nothing bearish about this at this moment. And this is where I get my spidey senses tingling. I am looking at a couple little things to be cautious. 1. Price hit the 2.618 fib extn from cycle wave 1 and 2. This is as good place as any to complete primary wave 3. Regardless of what the future holds, this extension is a great resistance. The reaction from this spot has been pretty sharp, but there is no sign of deeper damage yet. 2. RSI negative divergence: On the monthly timeframe the divergence is very clear. On daily timeframe, things are very frothy. There is no indication of a macro turn yet, but this is where things get unpredictable. We need to see where the weekly closes. At this point no bearish setup until we see a weekly close below 900. After stock split things might start to get interesting.by mukit13
NVDA: The 10-1 Split Chart I'm Watching Now I was hoping for the stock split and it is finally here .. so here's the chart i will be watching (and trading) for the next 2 weeks - thought to share with other traders who like splits (like me ;) ) .. I love stock splits because _ with big names like AAPL, TSLA, NVDA..etc, they generate so much hype and excitement that a split announcement presents a wonderful trading event .. i see so many "gurus" say that a split changes nothing for the stock, and that's true from a valuation standpoint, but the mechanics (option pricing / broker hedging) and trader psychology around a split introduces major catalysts that are known only to few traders.. anyways, that's a whole different topic. there's 2 trading plays here.. one stage is short-term (a 2-week swing), we trade the split between the announcement to the actual record date for a big move up - then there's the longer term Buy/hold of the stocks for few months after the split - for a possible run generated by the demand of new investors coming in to the (now cheaper) stock. Big caveat here, the scenario i have on the chart is only a "possible" scenario - and it may not materialize - no one can predict the market - there are major economic news coming next week - so closely managing this trade is super critical. This is a high-risk/high-reward but i like the probabilities .. the wind is (mostly) favorable now but can turn at any moment.. risk management is the key. i will trade this split with both stocks and long call options (June month expiry) .. i won't keep the options for long, and for the stocks, may unload a part right after the split. i Have my price targets (including the expected call option prices already calculated If you'd like to read more about why I love splits and how i trade them, pls find my old published idea on the AAPL split back in 2020 Note the record date of this split is Thursday June 6th This is not a trade recommendation - just sharing what I'm doing.. Good luck. Longby RedKTraderUpdated 336
Turn NVDIA into10$ a Share Current Position and Market Overview • Current Position: One NVDA call option at $1210 expiring June 7, 2024. • Current Stock Price: $1150 • Upcoming Stock Split: 10-1 split on June 7, 2024. • Next Pivot Point: June 24, 2024 • Fibonacci Extensions: • 0.618 = $1290 • 0.5 = $1265 • 0.382 = $1238 Rolling my NVDA $1210 call exp. June 7 to $1250 call for July/Aug. Selling $1200 puts exp. Sept to collect premium and potentially buy shares post-split (10-1 on June 7). Plan to sell covered calls on acquired shares targeting Fibonacci levels. #OptionsTrading #NVDA This strategy helps you roll your existing options, sell puts to earn premium and potentially acquire shares, and continue earning premium through covered calls.Longby BullishBear19962
Nvidia Unveils Rubin AI Platform: New Frontier in Generative AIAt the 2024 Computex trade show in Taipei, Nvidia CEO Jensen Huang sent ripples through the tech world with the announcement of their next-generation AI platform, codenamed Rubin. Scheduled for release in 2026, Rubin promises to be a game-changer, pushing the boundaries of generative AI and accelerating its integration across various industries. Huang's vision is clear: a new industrial revolution driven by AI. This vision is fueled by the ever-growing demand for high-performance AI hardware, and Nvidia is positioning itself at the forefront of this revolution. By unveiling Rubin alongside the Blackwell Ultra chip slated for 2025, Nvidia is signaling a commitment to annual upgrades in their AI accelerator technology. This focus on rapid development reflects Nvidia's dominant position in the AI chip market, currently holding an estimated 80% market share. Rubin's arrival in 2026 signifies a significant leap forward in Nvidia's AI hardware capabilities. The platform will encompass not just next-generation GPUs, the workhorses of AI training, but also novel central processing units (CPUs) and networking chips. While specifics about Rubin's architecture remain under wraps, some key details have emerged. The platform will leverage the next iteration of High-Bandwidth Memory (HBM4), a crucial component for tackling the data bottlenecks that often hinder AI development. Manufacturers like SK Hynix, Micron, and Samsung are expected to be instrumental in supplying this next-gen memory. Beyond the hardware, Huang emphasized the importance of software and services in democratizing AI. This aligns with Nvidia's recent efforts to expand its software offerings, providing developers with user-friendly tools to harness the power of their AI hardware. It's likely that Rubin will be accompanied by a robust software ecosystem, enabling seamless integration and streamlined workflows for various AI applications. The potential applications of Rubin are vast. Generative AI, a subfield of AI focused on creating new data, is expected to see a significant boost. This could revolutionize fields like drug discovery, where AI can be used to design new molecules with specific properties. Additionally, advancements in natural language processing (NLP) facilitated by Rubin could lead to more sophisticated chatbots, capable of carrying on nuanced conversations and even generating creative text formats like poems or code. However, significant challenges remain. Ethical considerations surrounding bias in AI algorithms and the potential misuse of generative AI capabilities need to be addressed. Additionally, ensuring equitable access to this powerful technology will be crucial to prevent exacerbating existing inequalities. Despite these challenges, the potential benefits of Rubin are undeniable. Nvidia's commitment to annual advancements in AI hardware, coupled with a focus on user-friendly software, positions Rubin as a catalyst for the widespread adoption of AI across industries. As 2026 approaches, the tech world will be watching with keen interest to see how Rubin ushers in a new era of generative AI and its impact on the global landscape. Longby bryandowningqln3
NVDA likely wave pattern with FibsUsing elliot wave corrective 4-5 of 12345 to pull back to about 1000 . may be weaker pull back too another fib, then wave 5 pulse move up to about 1250 Golden Ratio. Then we get abc further into future after. Of course general market correction can interrupt this in mid Augustby TheAlien5012
May 31: More downside to correct Oct 2023 rallyNASDAQ:NVDA on weekly produced a bearish evening star candle, which coincides with bearish RSI divergence on the weekly and also 5 waves complete from Oct 2023. More downside is expected, as seen in 1 hour chart where the first 3-wave (wxy) drop in the last week of May had RSI divergence which needs to be erased in a double correction. Likely drop to at least retest the major psychological level of 1000.Shortby TraderBwater2
NVDA to 1300 in next breakout. I believe NVDA will be $2,000 in a flash. but that's larger time frame. For now let's focus on seeing it hit $1,300 first. Not financial Advice. But Most people didn't notice my MSTR ideas when I was banging the table. It was $487 and I believed it would hit $800 first. then after i saw the strength to $1,300 and quick support it created above $1,000, I KNEW $2,000 was coming. Same vibes here. NFA - thoughts onlyLongby sully3571
What's next for #NVDA ? I see $1200+Lovely continuation pattern $1000 is going to be reclaimed today And with a potential 20% upside. Expect momentum to help push this thing to these projections. Best of Luck Make the most of the meltup! Longby BallaJiUpdated 5512
NVDAThe price is moving inside upper channel the price will reach the resistant of trend base FIBO i am suggesting going short with stop lose 1300Shortby Tdawly_Official1
🗺️NVIDIA Roadmap🗺️🚀➕20%🚀🔔Today, I want to analyze NVIDIA stock for you because I think it still has the potential to increase in price, and also, in NVIDIA 's previous rally, AI tokens had a good rise. 💡The main reason for Nvidia's growth is the company's leadership in the field of Artificial Intelligence(AI) chips . The market value of this company crossed the one trillion dollar mark less than a year ago. Nvidia now has a higher market value than the well-known companies Amazon and Google . 💡 Nvidia's earnings report that was published exceeded expectations so that Nvidia was able to make $26 billion in profits in the first 3 months of this year, which is really great. 💡Profitability was 5.3% higher than forecasts , and Nvidia made a profit of $6.12 Earnings per Share(EPS) . 💡Nvidia forecasted $28 billion in revenue for the fiscal second quarter , with a margin of error of 2% . 💡Soon the price of each stock will be divided into 10 units. For each stock of the price break, $0.01 is distributed, which represents 150% growth from the previous period. 💡 Artificial Intelligence Tokens have not yet shown their progress, but it is better to keep an eye on them. BINANCE:FETUSDT _ BINANCE:NEARUSDT _ BINANCE:RNDRUSDT _ BINANCE:GRTUSDT _ BINANCE:TAOUSDT _ BINANCE:INJUSDT _ BINANCE:THETAUSDT -------------------------------------------------------------------------------------------- 📊Now let's take a look at the NVIDIA chart . ✅ NVIDIA managed to break the 🔴 Resistance zone($974_$924) 🔴 by Breakaway Gap . 📈In terms of Classic Technical Analysis , NVIDIA has managed to form a Bullish Long Island Pattern , and this pattern is one of the continuing patterns and will be a sign of the continuation of NVIDIA's upward trend . 🌊According to the theory of Elliott Waves , NVIDIA is completing the main wave 5 and it is very likely that the main wave 5 will finish in the 🟡 Potential Reversal Zone(PRZ)($1,305_$1,138) 🟡. 🔔I expect that NVIDIA will continue to grow at least 🚀➕20%🚀 more, although minor corrections are also possible. NVIDIA Analyze (NVDAUSD), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Longby pejman_zwinUpdated 1114
Is the Surge Sustainable or Just a Temporary Spike?NVIDIA's current price at $1201.58, following a significant rally, suggests a strong bullish momentum. The recent high of $1255.87 indicates the potential for further upside, but the pullback to $1201.58 (down 1.86%) raises questions about near-term sustainability. Considering the current momentum, a speculative price target could be $1300.00 within the next quarter if bullish conditions persist. Long position with a target of $1300.00. Place a stop-loss at $1180.00 to mitigate downside risk. Consider shorting if the price fails to hold above $1180.00, targeting $1100.00 with a stop-loss at $1220.00. NVIDIA’s strong bullish momentum, driven by robust volume and positive technical indicators, suggests further upside potential. However, overbought conditions and significant resistance levels warrant caution. The suggested long position aims to capitalize on the ongoing trend, while the short strategy provides a hedge against potential pullbacks.by AxiomEx2