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NVDA

Nvidia -> Slowing Down And Now?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪 Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside. Also on the weekly timeframe you can see that we had a juicy inverted head and shoulders reversal pattern and I pointed out all the reasons why I do expect the upcoming pump of roughly 120% towards the upside. Looking at the daily timeframe now you can see that Nvidia is a little bit overextended is also slowing down with momentum so there might be the possibility that we will see a short term correction after Nvidia actually breaks the current uptrend line. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:NVDAShort
by basictradingtv
62
Semiconductors in Focus: Top or Not?NASDAQ:NVDA has shifted sideways since the huge earnings breakaway gap, a pattern that tends to provide strong support for profit-taking. Unlike NASDAQ:AMD , the trend doesn't appear to be at risk of shifting into a downtrend at this time. While there has been some negative news pertaining to China for NVidia, the chart patterns don't indicate any concern from the largest Buy Side Institutions yet. NVDA reports again near the end of August. By the end of this month, the big Buy Sides will have made adjustments to their holdings depending on their expectations for earnings, a time to watch for any shift in the technical patterns. AMD reports early August. This short-term M top is at risk of testing support level highs below.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
We are Eventually Going to Make it Bitcoin MinersHOLDINGS: SMSN LI 80 86,080.00 TSM 711 53,723.16 NVDA 577 87,300.10 RIOT 26,791 121,363.23 AMD 1,146 86,351.10 ARBK 101,865 424,777.05 BITF 225,762 264,141.54 88,278 123,589.20 CIFR 98,267 149,365.84 CLSK 97,259 393,898.95 19,309 31,087.49 DGHI 89,753 94,240.65 DMGI CN 607,264 116,409.92 GREE 26,792 66,712.08 HIVE 77,495 250,308.85 HUT 58,605 80,874.90 INTC 2,394 88,554.06 IREN 38,126 125,815.80 MARA 12,540 70,851.00 MIGI 105,920 112,275.20 SATO CN 116,864 20,162.10 SDIG 72,314 125,826.36 27,681 38,753.40 Cash & Other 2,826 2,826.01 The Fund is an actively-managed exchange-traded fund (“ETF”) that will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations and/or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. The Fund will not directly invest in bitcoin, or indirectly through the use of derivatives or through investments in funds or trusts that hold bitcoin.
NASDAQ:WGMILong
by noam_chom
NVDA - Key Bearish Factors Hey traders! Today, I want to share my analysis on why I believe shorting NVDA could be a compelling opportunity. 1. Price at Upper Extreme: NVDA's price is currently at an upper extreme, indicated by the U-MLH of the Pitchfork. This suggests a potential reversal or correction. 2. Overhyped by AI News: NVDA may be overhyped by AI-related news, leading to excessive pricing based on future growth expectations. 3. Divergence in Indicators: Technical indicators are showing divergence, indicating a potential shift in NVDA's price trajectory. My personal potential Targets: a) the center line b) the lower median-line parallel Given the upcoming earnings, hedging is a crucial step in my trading strategy. Thanks for any comments, rants and positive critics. §8-)
NASDAQ:NVDAShort
by Tr8dingN3rd
3
Nvidia (NVDA) Bullish Run Has Room to Go FurtherNvidia (NVDA) pullback to 396.59 ended wave (4) as the 30 minutes chart below shows. Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure. Down from wave (3) on 6.21.2023 peak, wave ((a)) ended at 420.8 and wave ((b)) rally ended at 434.67. The stock resumed lower in wave ((c)) towards 418.75 and this completed wave W. Rally in wave X ended at 427.64. Nvidia then resumed lower in wave Y with subdivision as a zigzag structure. Down from wave X, wave ((a)) ended at 401, rally in wave ((b)) ended at 419.40, and wave ((c)) lower ended at 396.59. This completed wave Y of (4). The stock has turned higher in wave (5). Up from wave (4), wave ((i)) ended at 418.45 and dips in wave ((ii)) ended at 406. The stock resumes higher in wave ((iii)) towards 429.19, dips in wave ((iv)) ended at 418.51. Final leg wave ((v)) ended at 431.77 and this completed wave 1 in higher degree. Pullback in wave 2 is now in progress as a double three Elliott Wave structure. Down from wave 1, wave ((w)) ended at 423. Expect wave ((x)) rally to fail and the stock to resume lower in wave ((y)) to complete wave 2. As far as pivot at 396.59 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.
NASDAQ:NVDA
by Elliottwave-Forecast
NVIDIA spike shows there’s more than just mining.North American multinational computer hardware giant, NVIDIA, has demonstrated over the past few years that there are areas of the tech industry in which hardware is far from obsolete. It may well be the case that most traditional computer hardware, apart from smartphones, tablets and laptops, has now been replaced by online storage, cloud hosting and streaming services – gone are the days when huge, grey servers whirred away in offices – but there are some tasks that require specific hardware, and some of those tasks are very big business. NVIDIA therefore is a company that has not only survived the move toward the mobile-first, everything-online world that we now live in, and that is because it produces graphics cards as a core product, and graphics cards, particularly advanced ones such as those produced by NVIDIA, are used in large numbers by cryptocurrency miners. Huge mining rigs the size of factories have existed for the past decade, using industrial scale amounts of graphics cards from which to conduct the digital currency mining. This has been a factor that has kept NVIDIA not only seriously profitable, but also among the top traded stocks on New York’s premier tech-friendly NASDAQ stock exchange. The days of other hardware firms dominating the big cap world are long gone, but NVIDIA is still there at the forefront. However, it appears that it is not just digital currency mining that keeps NVIDIA stock buoyant. This week begins with NVIDIA stock at a one-week high point, after a sudden surge in value on Friday. During the New York trading session, NVIDIA stock rose from $409.38 per share, which was its closing value on Thursday June 29, to $424.62 by 14.00 CET on Friday June 30, representing a 14.8-point increase in value. NVIDIA may well be synonymous with commercial digital asset miners, however there is another important area which should be kept in mind, that being the original intended purpose for NVIDIA’s products – use as an actual graphics card within specialist computers, especially those built for gaming. Many computer games require advanced graphics capabilities from the computers upon which they are played, and whilst the day of the desktop computer may well be long gone for most people, gaming enthusiasts are still buying or custom-building desktop computers from components specifically designed to enhance the speed at which they operate, and the quality of the graphics which many games often require. NVIDIA launched a critical new product during the latter part of last week in the form of the RTX 4060. This is the most affordable graphics card which NVIDIA produces, and it arrived on the American market priced at $299 on Thursday last week. An entry-level product from this esteemed manufacturer may well give discerning gamers on a budget access to a quality product, and this could well be the cause of the increase in value of NVIDIA shares during Friday last week. There are some aspects to bear in mind, however, which could stunt this euphoria. One is that the lower budget graphics card market is highly competitive. Those seeking to buy a higher up the range NVIDIA card would seek to buy that specific model to suit gaming needs, but people with less requirement for a highly expensive product find themselves with a choice from a plethora of other manufacturers and are less likely to require a particular NVIDIA model over cheaper competitors. Another is that demand for graphics cards for generic computing purposes has been declining. There has been a switch recently toward graphics cards being purchased to be able to train AI (artificial intelligence) robots, whilst the demand for gaming graphics cards has been dwindling. When considering this, it may well be that the new product launch into an affordable product marketplace drove the price up, but the wider factors mentioned here, plus the steady demand for NVIDIA’s higher end products for digital asset mining and gaming, which is not part of the new product’s influence on the company’s share price. Either way, this could either be a welcome entry into the mainstream for NVIDIA, or a bit of short lived euphoria around the release of a very generic product. 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.
NASDAQ:NVDA
by FXOpen