MicroStrategy's Bullish Run: A Closer LookMicroStrategy, a business intelligence company, has been making significant strides in the cryptocurrency market, particularly with its substantial Bitcoin holdings. The company's market capitalization is inching closer to that of Coinbase, a major cryptocurrency exchange. This surge in valuation has sparked interest and speculation among investors and analysts alike.
A Strategic Bitcoin Bet
MicroStrategy's aggressive Bitcoin buying strategy, spearheaded by CEO Michael Saylor, has positioned the company as a major player in the cryptocurrency space. The company's belief in Bitcoin's long-term potential as a store of value and a hedge against inflation has driven its decision to allocate a significant portion of its treasury to the cryptocurrency.
This strategic move has paid off handsomely, as Bitcoin's price has soared recently. As a result, MicroStrategy's stock price has also experienced substantial growth, attracting the attention of investors seeking exposure to the cryptocurrency market without directly owning Bitcoin.
Market Cap Milestone Looms
With its market capitalization steadily rising, MicroStrategy is on the cusp of a major milestone: overtaking Coinbase's market cap. At the time of writing, MicroStrategy is just $3.9 billion away from achieving this feat. This would be a significant achievement for a company that was once primarily known for its business intelligence software.
Factors Driving MicroStrategy's Success
Several factors have contributed to MicroStrategy's impressive performance:
1. Bitcoin's Price Appreciation: The continued rise in Bitcoin's price has directly benefited MicroStrategy, as the company's Bitcoin holdings have increased in value.
2. Institutional Adoption of Bitcoin: Growing institutional interest in Bitcoin has legitimized the cryptocurrency and increased its appeal to mainstream investors.
3. MicroStrategy's Strong Balance Sheet: The company's solid financial position has enabled it to weather market volatility and continue its Bitcoin accumulation strategy.
4. Investor Confidence in Michael Saylor's Vision: Saylor's unwavering belief in Bitcoin and his ability to execute on his strategy have instilled confidence in investors.
Technical Analysis: A Bullish Outlook
Technical analysis of MicroStrategy's stock chart reveals a bullish trend. The stock has been forming higher highs and higher lows, indicating a strong uptrend. Additionally, the recent surge in trading volume relative to Nvidia, a tech giant, suggests increased investor interest and potential for further price appreciation.
The MicroStrategy stock-to-BTC ratio has also hit an all-time high, surpassing the levels seen during the 2021 bull run. This indicates that investors increasingly value MicroStrategy's Bitcoin holdings, which could further drive the stock price higher.
Potential Risks and Challenges
While MicroStrategy's future looks promising, it is important to acknowledge the potential risks and challenges that could impact the company's performance:
1. Bitcoin Price Volatility: Bitcoin's price is highly volatile, and any significant decline could negatively impact MicroStrategy's valuation.
2. Regulatory Uncertainty: Changes in cryptocurrency regulations could create uncertainty and hinder the company's operations.
3. Competition from Other Bitcoin-Focused Companies: Other companies may emerge as strong competitors, challenging MicroStrategy's dominance in the Bitcoin investment space.
Conclusion
MicroStrategy's impressive performance and its strategic focus on Bitcoin have positioned it as a major player in the cryptocurrency market. As the company continues to execute its strategy and benefit from Bitcoin's long-term growth potential, its market capitalization could surpass that of Coinbase, marking a significant milestone. However, investors should be mindful of the inherent risks associated with cryptocurrency investments and conduct thorough research before making any investment decisions.
NVDA
We can extend into the Target Box, But below $128.73 = $95 BucksNvidia has arrived in the target box for our intermediate (B) wave high. Can we extend in the target box? Yes.
However, two things are top of mind to this analyst.
1) The earnings catalyst mid-November is a "keep hope alive event". Therefore, I do not see big trader commitments prior to that. If we go up further into the target box...it will be an overlapping grinding pattern. I see the earnings catalyst as positive fundamentally, but a technical sell event.
2) If price breaches $128.74...that should yield us $95.
If this is how the price action plays out...then at $95, you would do well consider NVDA longs.
Best to all,
Chris
UPSIDE TARGETS for NVIDIA #NVDA ...As you can see Nvidia has already triggered a Hunt Volatility Funnel pattern #HVF
Target 1 has already been made ($134.93)
Target 2 is in progress coming in at $157.93
Target 3 is at $188.98
With the US election uncertainty almost out of the way.
WallSt can then get behind a Santa rally.
Don't be surprised if you see Nvidia get close to (buy probably not reach) $200
$188.98 gives Nvidia a $4.6T marketcap
@TheCryptoSniper
BIG POST! | How To Beat SP500?
S&P 500 Performance: +35% since 2022.
My Selected Portfolio Performance: +62%, with an 82% hit rate.
Top Performing Stocks: NVDA (+735%), ANET (+343%), META (+209%), and more.
Technical Analysis Tools Used: Price action, trendlines, Fibonacci levels, round numbers, and more.
It’s been nearly three years since I posted my analysis of S&P 500 stocks on February 23, 2022. Back then, I reviewed all 500 stocks, applied some quick technical analysis, and identified 75 stocks that stood out for me. Importantly, I relied solely on technical analysis to make my picks. Fast forward to today, and the results speak for themselves. Most of these selections have significantly outperformed the broader market, proving the power and importance of technical analysis.
While many investors rely solely on fundamentals, technical analysis brings a dynamic edge that’s often underestimated. By focusing on price action and market behavior, technical analysis allows us to spot opportunities that others might miss, especially it gives a massive psychological edge while the markets are making corrections. The market doesn't care what you know, the market cares what you do!
Here’s what I used for my analysis:
It's kind of pure price action - previous yearly highs, trendlines, a 50% retracement from the top, round numbers, Fibonacci levels, equal waves, and channel projections. For breakout trades, determined strong and waited for confirmation before pulling the trigger.
The Results
While the S&P 500 has gained around 35% over this period , my selected stocks from the same list have made +62%! Out of the 75 stocks I picked, 67 have hit my target zones and 54 are currently in the green. That’s an 82% hit rate, and for me, that’s a good number!
Now, for those who favor fundamental analysis, don’t get me wrong, it has its place. But remember, fundamentals tell you what to buy, while technicals tell you when to buy - to be a perfect investor, you need them both. You could hold a fundamentally strong stock for years, waiting for it to catch up to its "true value," while a technical analyst might ride multiple trends and capture far superior returns during that same time. Also, the opposite can happen – you may see a great technical setup, but if the fundamental factors are against it, you could end up with your money stuck in a bad trade.
To put these ideas in perspective, starting with a simulated portfolio of $76,000, where each stock had an equal investment of around $1,000–$1,100, the portfolio is now worth around $124,000. The results are based on buying at marked zones and holding until today. I calculated entries from the middle of the target zone, as it’s a more realistic and optimal approach compared to aiming for perfect lows (which, frankly, feels a bit scammy) to get much(!) higher returns. This method reflects real-world trading.
Before we dive in, here are the current Top 5 stocks from My Picks:
NVDA: +735%
ANET: +343%
TT: +227%
META: +209%
LEN: +164%
These numbers demonstrate the effectiveness of a solid technical strategy. Many say it's tough to beat the market with individual stock picks, but these results show it’s not just possible, it’s absolutely achievable with the right tools and approach.
Now, let's dive into the charts!
1. Apple (AAPL) - a load-it-up type of setup has worked out nicely. Used previously worked resistance levels. If the stocks performing well and the market cap is big enough then these levels can help you to get on board.
Current profit 65%
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2. Adobe (ADBE) - came down sharply, but the price reached the optimal area and reversed.
Current profi 38%.
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3. Advanced Micro Devices (AMD) - round number, strong resistance level becomes support and the climb can continue.
Current profit 101%
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4. Amazon (AMZN) - came down from high prices to the marked levels and those who were patient enough got rewarded nicely.
Current profit 66%
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5. Arista Networks (ANET) - retest of the round nr. worked perfectly, as a momentum price level, after the strong breakout.
Current profit 343%
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6. Aptiv PLC (APTV): Came down quite sharply and it will take some time to start growing from here, if at all. The setup was quite solid but probably fundamentals got weaker after the all-time high.
Current loss -24%
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7. American Express (AXP) - firstly the round nr. 200 worked as a strong resistance level. Another example is to avoid buying if the stock price approaches bigger round numbers the first time. Came to a previous resistance level and rejection from there…
Current profit 104%
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8. Bio-Rad Laboratories (BIO) - in general I like the price action, kind of smoothly to the optimal zone. It might take some time to start growing from here but also fundamentals need to look over.
Current loss 6%
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9. BlackRock (BLK) - kind of flawless. All criteria are in place and worked perfectly.
Current profit 81%
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10. Ball Corporation (BALL) - a perfect example of why you should wait for a breakout to get a confirmed move. No trade.
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11) Berkshire Hathaway (BRK.B) - Buy the dip. Again, as Apple, a big and well-known company - all you need to do is to determine the round numbers, and small previous resistances that act as support levels, and you should be good.
Current avg. profit from two purchases 64%
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12) Cardinal Health (CAH) - the retest isn't as deep as wanted but still a confirmed breakout and rally afterward. Still, the bias was correct!
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13) Ceridian HCM Holding (DAY) - found support from the shown area but not much momentum.
Current profit 20%
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14) Charter Communications (CHTR) - technically speaking it is a quite good price action but kind of slow momentum from the shown area. Probably came too sharply and did not have enough previous yearly highs to support the fall.
Current loss -10%
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15) Comcast Corp. (CMCSA) - got liquidity from new lows, pumped up quickly, and is currently fairly solid.
Current profit 10%
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16) Cummins (CMI) - got rejected from 2028 and 2019 clear highs, fairly hot stock, and off it goes.
Current profit 80%
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17) Salesforce.com (CRM) - perfect. 50% drop, strong horizontal area, and mid-round nr did the work.
Current profit 83%
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18) Cisco Systems (CSCO) - worked and slow grind upwards can continue.
Current profit 30%
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19) Caesars Entertainment (CZR) - not in good shape imo. It has taken too much time and the majority of that is sideways movement. Again, came too sharply to the optimal entry area.
Current loss -16%
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20) Devon Energy (DVN) - inside the area and actually active atm. Still, now I’m seeing a bit deeper correction than shown.
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21) Electric Arts (EA) - 6 years of failed attempts to get a monthly close above $150 have ended here. It got it and we are ready to ride with it to the higher levels.
Current profit: kind of BE
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22) eBay (EBAY) - it took some time but again, worked nicely.
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23) Enphase Energy (ENPH) - got a breakout, got a retest, and did a ~76% rally after that! If you still hold it, as I do statistics, then…
Current loss -59%
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24) Expeditors International of Washington (EXPD) - kind of worked but didn't reach. No trade.
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25) Meta Platforms (META) - the bottom rejection from the round number $100 is like a goddamn textbook :D At that time 160 and 200 were also a good area to enter. Here are several examples of the sharp falls/drops/declines - watch out for that, everything should come fairly smoothly. Still, it ended up nicely and we have a massive winner here...
Current profit 209%
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26) FedEx (FDX) - I love the outcome of this. Very solid price action and multiple criteria worked as they should. Perfect.
Current profit 60%
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27) First Republic Bank (FRC) - firstly got a solid 30 to 35% gain from the shown area but...we cannot fight with the fundamentals.
Current loss 99%
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28) General Motors (GM) - finally found some liquidity between strong areas and we are moving up.
Current profit 47%
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29) Alphabet (GOOG) - load it up 3.0, a good and strong company, and use every previous historical resistance level to jump in.
Current avg. profit after three different price level purchases 63%
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30) Genuine Parts (GPC) - coming and it looks solid.
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31) Goldman Sachs (GS) - really close one.
Current profit 86%
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32) Hormel Foods (HRL) - quite bad performance here. Two trades, two losses.
The current loss combined these two together is 35%
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33) Intel (INTC) - at first perfect area from where it found liquidity, peaked at 65%. Still, I make statistics if you still holding it then…
Current loss -21%
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34) Ingersoll Rand (IR) - beautiful!
Current profit 144%
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35) Intuitive Surgical (ISRG) - the trendline, 50% drop, strong horizontal area. Ready, set, go!
Current profit 157%
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36) Johnson Controls International (JCI) - second rest of the area and then it started to move finally..
Current profit 55%
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37) Johnson & Johnson (JNJ) - Buy the dip and we had only one dip :)
Current profit 13%
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38) CarMax (KMX) - the area is strong but not enough momentum in it so I take it as a weakness.
Current profit kind of BE
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39) Kroger Company (KR) - without that peak it is like walking on my lines
Current profit 15%
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40) Lennar Corp. (LEN) - strong resistance level becomes strong support. Beautiful!
Current profit 164%
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41) LKQ Corp. (LKQ) - just reached and it should be solid. Probably takes some time, not the strongest setup but still valid I would say.
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42) Southwest Airlines (LUV) - no breakout = no trade! Don’t cheat! Your money can be stuck forever but in the meantime, other stocks are flying as you also see in this post. If there is a solid resistance, wait for the breakout and possibly retest afterward! Currently only lower lows and lower highs.
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43) Las Vegas Sands (LVS) - channel inside a channel projection ;) TA its own goodness!
Current profit 70%
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44) Microchip Technology Incorporated (MCHP) - worked!
Current profit 37%
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45) Altria Group (MO) - got a bit deeper retest, liquidity from lower areas, and probably a second try..
Currently kind of BE
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46) Moderna (MRNA) - "seasonal stocks", again too sharp and we are at a loss…
Current loss -37%
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47) Morgan Stanley (MS) - the first stop has worked, and got some nice movements.
Current profit 62%
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48) Microsoft (MSFT) - Load it up 4.0, buy the dip has worked again with well-known stock.
Three purchases and avg. return from these are amazing 70%
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49) Match Group (MTCH) - it happens..
Current loss -53%
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50) Netflix (NFLX) - almost the same as Meta. Came quite sharply but the recovery has been also quick. Another proof is that technical analysis should give you a psychological advantage to buy these big stocks on deep corrections.
Current profit 153%
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51) NRG Energy (NRG) - Perfect weekly close, perfect retest…
Current profit 90%
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52) NVIDIA (NVDA) lol - let this speak for itself!
Current profit 735%
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53) NXP Semiconductors (NXPI) - usually the sweet spot stays in the middle of the box, and also as I look over these ideas quite a few have started to climb from the first half of the box. Touched the previous highs.
Current profit 74%
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54) Pfizer (PFE) - actually quite ugly, TA is not the strongest. Probably results-oriented but yeah..
Current loss -25%
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55) PerkinElmer - “after” is EUR chart but you get the point.
Current profit 25%
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56) Pentair (PNR) - worked correctly, 50% drop combined with the horizontal area, easily recognizable, and the results speak for themselves.
Current profit 124%
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57) Public Storage (PSA) - again, previous yearly highs and the trendline did the job.
Current profit 36%
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58) PayPal (PYPL) - the area just lowers the speed of dropping, but slowly has started to recover.
Current loss -14%
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59) Qorvo (QRVO) - slow, no momentum.
Current profit 10%
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60) Rockwell Automation (ROK) - previous yearly high again, plus some confluence factors.
Current profit 32%
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61) Rollins (ROL) - after posting it didn’t come to retest the shown area. Being late for a couple of weeks. Worked but cannot count it in, the only thing I can count is that my bias was correct ;)
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62) Snap-On Incorporated (SNA) - same story!
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63) Seagate Technology (STX) - firstly it came there! Look how far it was, the technical levels are like magnets, the price needs to find some liquidity for further growth and these areas can offer it. I like this a lot, almost all the criteria are in place there.
Current profit 73%
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64) Skyworks Solutions (SWKS) - one of the textbook examples of how trendline, 50% drop, round nr. and strong horizontal price zone should match. Still a bit slow and it will decrease the changes a bit.
Kind of BE
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65) TE Connectivity (TEL) - came down, and got a rejection. “Simple” as that.
Current profit 37%
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66) Thermo Fisher Scientific (TMO) - mister Ranging Market.
Current profit 19%
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67) Trimble (TRMB) - finally has started to move a bit. Got liquidity from previous highs again and..
Current profit 45%
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68) Tesla (TSLA) - made a split. Have been successfully recommended many times after that here and there but two years ago we traded in these price levels and..
Current profit 19%
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69) Train Technologies (TT) - dipped the box and off it goes! Epic!
Current profit 227%
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70) Take-Two Interactive Software (TTWO) - I like this analysis a lot. Worked as a clockwork.
Current profit 60%
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71) United Rentals (URI) - WHYY you didn’t reach there :D Cannot count it.
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72) Waters Corp. (WAT) - came to the box as it should be slow and steady. As the plane came to the runway.
Current profit 41%
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73) Exxon Mobil Corp. (XOM) - another escaped winner. Didn’t come down to retest my retest area so, missed it.
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74) Xylem (XYL) - perfect trendline, good previous highs, 50% drop from the peak and..
Current profit 76%
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75) Autodesk (ADSK) - took a bit of time to start climbing but everything looks perfect. Nice trendline, 50% drop from ATH, previous yearly highs - quite clean!
Current profit 66%
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The strategies above show how useful price action, key levels, and psychology can be for investing. By spotting breakouts, and pullbacks, or focusing on round numbers and past highs, technical analysis helps give traders an edge in understanding the market.
Regards,
Vaido
NVIDIA on a strong uptrendNVIDIA Corporation has been showing signs of strength in recent trading sessions, as the stock continues its upward trajectory. Currently trading at around $139.85, the stock is building on a solid base, with multiple indicators suggesting that the bullish momentum may continue.
1. Bullish Breakout and Trendline Support:
NVDA recently broke out of a downtrend, surpassing a key descending trendline with strong volume. This breakout suggests a shift in momentum, with the price now trading comfortably above previous resistance levels.
A rising trendline is evident, acting as strong support for the stock. As long as this upward trendline holds, the technical outlook remains bullish.
2. Moving Averages Supporting the Uptrend:
The stock is currently above the 20-day, 50-day, and 100-day EMAs, which are all pointing upwards. This alignment, with shorter-term EMAs above longer-term ones, indicates a solid upward trend.
The 20-day EMA, currently around $133.23, has been acting as a dynamic support level, suggesting that buyers are stepping in at pullbacks.
3. Fibonacci Levels Highlight Key Targets:
The stock has broken through key Fibonacci levels, with a target at the 0.786 retracement around $136.14 already surpassed. This indicates that NVDA has the potential to challenge the 1.0 Fibonacci extension level at $143.40.
The Fibonacci support levels below suggest a solid base around $125.35, providing a cushion in case of any short-term pullbacks.
4. Volume and Momentum Indicators:
Trading volume has shown healthy levels during recent upward movements, suggesting that the rally is backed by strong buying interest.
The MACD indicator shows a positive crossover, with the MACD line above the signal line, indicating bullish momentum.
RSI is currently at 65.48, below the overbought threshold, suggesting there's room for further upward movement without immediate risk of a pullback.
5. Pivot Points and Price Action:
NVDA is trading close to its R1 pivot level of $132.42, which it recently surpassed. If the stock continues its positive trajectory, the next resistance levels to watch are around $143.40 and beyond.
Support levels around $125.35 and $116.69 provide a safety net for any minor corrections, ensuring that the broader trend remains intact.
NVIDIA Corporation's technical indicators point to sustained bullish momentum, with strong support levels and a clear upward trendline. As long as the stock remains above its key moving averages and trendline, there's potential for it to test higher resistance levels, making NVDA an attractive opportunity for investors looking for further gains in the semiconductor sector.
Exploring Nvidia's India Strategy: AI and LanguageNvidia, a leading technology company, has solidified its commitment to India with a series of significant announcements. The company unveiled a Hindi language model and forged strategic partnerships with major Indian corporations, underscoring its ambition to drive AI innovation and language technology in the country.
One of the most notable partnerships announced by Nvidia is with Reliance Industries, led by billionaire Mukesh Ambani. The two companies have outlined plans to build AI infrastructure in India, leveraging Nvidia's cutting-edge hardware and software solutions. This collaboration aims to accelerate AI research, development, and deployment across various sectors, including healthcare, agriculture, and education.
In addition to the partnership with Reliance, Nvidia also launched Nemotron-4-Mini-Hindi 4B, a small language model specifically designed for the Hindi language. Hindi, as the most widely spoken language in India, holds immense cultural and economic significance. The availability of a powerful Hindi language model will enable developers to create innovative applications and services tailored to the needs of Hindi-speaking users.
Nvidia's investment in India comes at a time when the country is experiencing a surge in AI adoption and development. The government's initiatives to promote digital transformation and innovation have created a favorable environment for technology companies to thrive. By partnering with leading Indian firms and investing in language technology, Nvidia is positioning itself as a key player in India's AI ecosystem.
The launch of the Hindi language model is a significant step towards bridging the language gap in AI. While English has dominated the AI landscape, there is a growing recognition of the importance of developing language models for regional languages. By investing in Hindi, Nvidia is demonstrating its commitment to making AI accessible to a wider audience and empowering local communities.
Beyond the immediate benefits of language technology, Nvidia's India strategy also has broader implications. By fostering partnerships and investing in AI infrastructure, the company is contributing to the development of a skilled workforce and promoting innovation in the country. This could have a long-term impact on India's economic growth and competitiveness on the global stage.
In conclusion, Nvidia's announcement of a Hindi language model and partnerships with major Indian companies marks a significant milestone in its India strategy. By investing in AI and language technology, the company is positioning itself as a key player in the country's digital transformation. As India continues to embrace AI, Nvidia's commitment to the region is likely to yield substantial benefits for both the company and the nation.
NVDA Full Wave Analysis from Weekly to Four HourGood morning Trading Family
Here is a massive detailed video outlining my thought process using wave counting and some other tools to figure out where NVDA is going and why along with key levels to look for and some scenarios that we can see play out with NVDA
Goal Here is to get you to see how using wave counting can help you form a a structure with your ideas using the IF Then methodology to become a better trader.
If this video helped boost, like , share: I am very grateful and appreciate your time watching this video
Any questions let me know and send me a Dm if you like
Mindbloome Trading
Trade What You See
Focus on demand in semiconductors, NVDA leading the way.While there are minor disputes among smaller semiconductor firms, the real focus should be on demand. NVDA is making tremendous strides in the data center space. My long-term target is around $171, but in the short term, we need a weekly close above $140.76 for confirmation. I'm a buyer near $141, with $136.15 standing out as the most attractive entry point in the support zone. Falling below this level could lead to short-term frustration.
NVDA Weekly to Four Hour In Depth Analysis Where Are We Going Good evening Traders
So in this video I go into the weekly and down to the four hour and 30 minute identifying key levels to look out for and where the market is going.
Currently where we are I really thought we were going to have a shorter correction and punch back up but hey I dont assume and I only trade what the market gives me.
What is currently happening is if we can break and close above 140.65 to me that would be a great entry for this bull run up to 150's
However we can correct back into the zone of 138.40 and then go back into the full bull swing of things
And Lastly we are sinking further to the 129.64 level looking for a entry on another bull run up, if we break lower then I dont know what to tell you other than our bull run maybe over ???
If you like the video: please share, boost, and follow or comment: give me feedback on what you currently see and why.
Hope you have a great day trading
Mindbloome Trading
Trade What You See
NVDA Great ROI Trade To 150 Good morning Trading Family
The market corrected a bit deeper than expected however we got a correction lol
We have a great bullish opportunity from the 139.80 level to enter in so we go to the levels of 150 possibly beyond
I give you my reasoning on what I see and why
Mindbloome Trading
Trade What You See
NVIDIA (NVDA) Rockets Higher! TP1 Hit, Eyes on More Gains!NVIDIA (NVDA) Long Trade (15m time frame)
Entry: $135.03
Current Price: $145.21 – Momentum strong as first target hit.
Key Levels:
Stop-Loss (SL): $131.88 – Below key support level to manage risk.
Take Profit 1 (TP1): $138.92 – First target hit, confirming upward trend.
Take Profit 2 (TP2): $145.21 – Next target likely to be reached soon.
Take Profit 3 (TP3): $151.50 – Key level for continued bullish momentum.
Take Profit 4 (TP4): $155.38 – Final target for this strong upward move.
Trade Outlook:
NVIDIA has surged after a clear entry signal at $135.03. With TP1 already achieved, bullish momentum remains intact, and we're aiming for the remaining targets as the stock pushes higher. The trend and technical setup suggest further gains are possible.
Nvidia Shares (NVDA) Close Above $140 for the First TimeNvidia Shares (NVDA) Close Above $140 for the First Time
As shown on the Nvidia (NVDA) stock chart, yesterday’s candle closed above the psychological level of $140 for the first time in history. This represents a price increase of over 186% since the beginning of 2024 and more than a ninefold rise since early 2023, following the launch of ChatGPT.
According to Benzinga:
→ Nvidia's shares continue to benefit from the surging demand for AI technologies, with hyperscalers buying its graphic chips in vast quantities to rapidly build data centres with advanced AI capabilities.
→ Nvidia’s CEO, Jensen Huang, has stated that the next-generation Blackwell GPU platform is in "insane" demand. Despite production being in full swing, the demand remains extraordinarily high.
On 16 October, while analysing Nvidia’s chart, we highlighted an upward channel (marked in blue) and noted the sharp reversal from the $140 level (indicated by a red arrow). However, we anticipated support from the area linked to the strong bullish candle from 7 October. This is because:
→ The psychological levels of $130 and $125 are located here.
→ This zone showed strong demand by breaking through a four-month resistance line (red), which may now act as support.
→ There’s also a bullish Fair Value Gap on the daily chart.
Our predictions of a record high following a rebound from the $125-$130 support area were accurate, but what lies ahead?
Last week, BofA Securities analyst Vivek Arya maintained a "Buy" rating for Nvidia, raising the target price from $165 to $190 after upgrading profit forecasts for 2025 and 2026. Arya particularly noted Taiwan Semiconductor Manufacturing Company Ltd.’s strong earnings.
Indeed, the robust fundamentals suggest the upward trend (in blue) could continue, possibly leading the price along the blue Resistance line, which divides the lower half of the channel into two equal parts.
Volatility spikes in the near future could be triggered by earnings reports from Nvidia’s clients this month, including Alphabet (GOOGL), Meta Platforms (META), and Microsoft (MSFT). Nvidia's own earnings report is due on 14 November.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Nvidia - New All Time High Is Coming!Nvidia ( NASDAQ:NVDA ) can rally another +50%:
Click chart above to see the detailed analysis👆🏻
After creating an expected correction of about -40%, Nvidia is now almost back to new all time highs, showing no signs of weakness despite the recent tech stock correction. If Nvidia creates a new all time high, it is quite likely that it will rally again, potentially all the way up to $400.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
NVDA 4 HR Update Breaking $141-$145 in Sight, Momentum for $155Good morning, trading fam! Just a quick NVDA update for you:
We’re breaking through that $141 resistance. If we get past $145, it could be a good spot to lock in some profits. Might see a pullback around $147-$149, but if the momentum stays strong, $155 could be on deck. Let’s see how it plays out!
Trade what you see
Mindbloome Trading
Kris
Nvidia ($NVDA) could retest summer low of $91NVDA stock is in a perfect range between all-time high of $141 and summer low of $91 that was hit within the first leg of correction in wave A down.
Recently, the price has retested the upside of the range within the wave B up and slipped back into the established range.
This could be the start of the last wave C down to retest the summer valley of $91.
$NQ outlook headed into OCT. 21 WEEKMarket structure still shows us that it is bullish based on Technicals.
No catalyst yet for a big bearish move/correction/pullback.
Friday ended as an inside bar /1 / harami.
Means an explosive move is coming.
Got a 2-1-2 going into Monday.
The overall market structure is still bullish with higher lows and higher highs.
Rejection off the order blocks from April time frame and the SEPT bounce off the imbalance created in AUG.
There's no real catalyst 'yet' for a big bearish move.
I'd watch how Sunday night's global opens and see what transpires during the London session of NYSE:ES SEED_ALEXDRAYM_SHORTINTEREST2:NQ
Similar to my NASDAQ:QQQ post a week ago, price is still respecting the upward trendline which is now annotated with the green triangle.
Watch for price for the rest of OCT attempt to take out ATH (Liquidity) at 20983.75 and potentially reverse/stall at 21,000. Why that number? Psychological level along with where many algos most likely set their orders along with those who went short at ATH set their stops ABOVE entry.
THIS IS NOT FINANCIAL ADVICE but an OPINION.
#SPY #MSFT NASDAQ:AAPL #AAPL NASDAQ:AMZN #AMZN NASDAQ:QQQ #QQQ #ICT NYSE:ES #ES SP:SPX #SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY #NQ NASDAQ:MSFT NASDAQ:TSLA #TSLA NASDAQ:NVDA NASDAQ:AMD #NVDA #AMD
NVDA (H1) Nvidia stock was able to break the historical resistance with a tail and close below it, however we are looking for greater positivity and therefore we are looking to buy from levels of 127.78 with an hourly closing stop below levels of 124.46.
Second scenario: If we do not get a price action signal at 127.78 levels, we look to buy the second 4-hour peak while getting oversold signals at 121.85 levels with a stop loss of an hourly candle below 118.00 and our target is to break the historical peak at 140.74 levels.
NASDAQ:NVDA
NVDA : Channel uptrend - Logarithmic or Not ?Hi everyone
For long term chart period, a Weekly in this example, it is interesting to activate the Logarithmic price scale, the letter "L" at the bottom of the price scale.
On the right side chart, as the Logarithmic scale is activated (L highlighted), I have seen and traced a Channel.
Wowww!!! This a very interesting uptrending channel.
On the left side chart, "L" is not activated and the same chart doesn't show the channel as seen on the right side chart. So now, it is unusable.
But more, if I trace a yellow line at the same points as seen on the right side chat, surprise, it is not a Channel anymore, but it is a triangle...
Humm... :-)
Have fun.
NVDA we ended the week with an Inside Candle What this means?Nvidia NOTE: We closed the week with an "inside candle" as the last candle.
What does this mean?
Last week, we analyzed the price movement, basing it on the idea that with strong momentum and divergence, the price could continue upward. However, for it to reach the point of interest, the price needed to make its natural retracement.
And that’s exactly what happened (I can hardly believe it myself).
The objective was met, and the price reached our highest point of interest. The issue here is that Nvidia still has a long way to go before it can make that bullish push!
The week closed with an "inside candle," or what some refer to as a "pregnant candle" (don't blame me, that's what they call it).
This type of candle pattern is bearish because it's when a candle loses momentum and starts to change direction. And it's quite obvious—if you can see, my point of interest comes from none other than an institutional liquidity zone. The price may start to struggle in this area, but that doesn’t mean it will fall drastically. No! Let me explain:
NVDA has been coming with a lot of strength since last week, and upon reaching an area where the price has historically retraced, it’s clear that this zone is like a swamp. The price will face the challenge of getting out of this swamp.
So...
The price comes in strong, touches an institutional zone, pauses, and starts forming bearish candle patterns. What is the price telling you?
To wait! The price will most likely make a retracement but will create a range where it will try 1, 2, 3 times or more to break out of this swampy area.
What should we be watching for? 1. Strong volume, and 2. A ranging channel fluctuating between supply and demand, which is essentially accumulating for the next push.
In the meantime, we’ll see what movement happens next week.
Best regards, and thank you for supporting my analysis.
BITCOIN Takes A Dump!As previously stated. Are Buy above the level $60,000 has led to the major resistance of $68,000-$69,000. I believe will will have a major rejection leading to a plummeting fall towards $65,000 and below $60,000. Any break through $59,000-$56,000 could lead to a triggering fall towards $48,000. If bitcoin reacts negatively with the $48,000 support, this could consequently put us at a liquidation area of around $42,000-$38,500
This is just a prediction, please be safe trading. Good luck!