NVIDIA AI MANUEVER 550$ MAXIMUMMore traders trap on this move on NVDA,
The deviation on previous high is trapping the buyers.
Now the sellers are trap too.
Real moves has make new trendline on daily.
The heatmap shows nothing burger or sellers being spotted.
Im expecting 550$ to its high. but Fibonacci at 161 percent since this move price would be 670$.
But im not expecting that high.
This idea base on both sellers and buyers deviation.
As we can see the bulls keep pushing its price.
If youre a shorts. wait for a deviation again. with lower high and LOwer Low to be made.
This is not a financial advice.
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NVDA
Part 2 of QQQ SPY FORECAST | 7 Mega cap TechWelcome to the daily stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
- Support & resistance Guide
- Stock Market QQQ & SPY confirmed daily uptrends
- Stock market Bears first step is an hourly downtrend
Part 1 of QQQ SPY FORECAST | 7 Mega cap TechWelcome to the daily stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
- Support & resistance Guide
- Stock Market QQQ & SPY confirmed daily uptrends
- Stock market Bears first step is an hourly downtrend
Call Me Crazy But....NVDA LOOKS EXHAUSTEDNVDA has been the golden child of '23 for sure but I believe it's time for it to take a breather. I don't think such a large gap will go untouched for too much longer. I know I'm not the only one seeing this, so I'd expect there to be some games being played before we get there, either way I'll be positioned well for this fall. The higher it goes, the better the payout for me when it's all said and done. I might sound confident, but of course I could be completely wrong. Only Time Will Tell...
NAS100 - is the skew of risk tilted for a re-test of 15,800?The current flow suggests this is the risk. On the daily chart, we see price closing above the 61.8 fibo of the July/Aug sell-off, as well as the 24 Aug highs. We see price holding above the 3-day EMA, with this ultra-ST moving average pulling above the 8-day EMA. Momentum accounts would be increasing net long positions on this move. On a micro level, Nvidia is eyeing a new high, and Apple is also showing good buying interest again and as long as those stocks, along with Microsoft, attract new buyers, then the skew of risk is that the NAS100 re-visits 15,800. Happy to cut longs upon a 3- & 8-day EMA bearish crossover, flipping to shorts on a daily close below 14,687.
Nvidia -> 100% New All Time Highs!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $750level.
You can see that Nvidia still looks a little bit overextended on the weekly timeframe but therefore I do expect the bullish momentum to continue for the next couple of weeks.
With the recent break and retest of the $470 daily structure zone, market structure on Nvidia is now back to bullish and it will just be a matter of days until Nvidia creates a new all time high.
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:
NVDA ~ Long-Term Buyers ZoneNvidia ~ A beast of a company & Leader in the Semi-Conductors and Computer industry
NVDA Stock has fallen nearly 60% with the recent market downturn. Nvidia has came to levels now attractive to buyers and is finding some Long-Term Support dating back to TrendLines from Years ago & Previous Resistance Zone in the Fall / Winter of 2020/2021.
Though Nvidia had some bad news recently which has pushed it further in to this zone, long term outlook from the company has not changed one bit. As the Price of NVDA falls the value behind the stock only increases, with the p/e falling to near 35.
Earnings are continuously growing annually, and this company is a monster in Tech. Long Term outlook here is strong, and the Risk/Reward near these levels are optimal for Long-Term investors.
If NVDA Breaks Below its current demand Zone which I expect it to consolidate in, we could see a run down to $100 and then Pre-Pandemic Levels.
TTM_Squeeze also indicates bearish momentum fading on the stock.
Overall, my thesis for NVDA Long-Term (3-5 years) is strong and bullish for new fresh ATHs.
AFRM - Rising Trend Channel [MID-TERM]🔹Breakdown support of rising trend channel in the medium long term.
🔹Support at 13.81 and Resistance at 19.99 in Rectangle formation
🔹Slightly risen above the resistance level of 17.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
NVIDIA - 200 DSMA and OBV Analysis An analysis of how the 200 DSMA and On Balance Volume can help us frame potential set ups for a Nvidia and what it might do next.
Bullish Case and Invalidation Level
Price is above the 200 DSMA at present and because we are breaking above a recent high on the OBV, this could signal higher highs for price similar to June 2020.
Invalidation Level: This bullish scenario can be invalidated if the OBV breaks below the lower resistance line, in which case we can then expect a revisit of 200 SMA.
Bearish Case subject to change of current trend
If we fall below the 200 DSMA or/and get rejected from the overhead OBV resistance line this would indicate a trend change to the downside and this would look similar to the Oct 2018 signal.
We could arguably be at a similar level to February 2020 (pre crash territory) which resulted in the orange handle price action in the prior cup and handle. A similar move would see use correct down to the 200 DSMA.
In terms of trading, the OBV would be your lead indicator here, if it breaks its trend to the down side breaching the lower resistance line I would exit the trade. Similarly if it holds and reaches higher towards the upper OBV resistance line I would sit on the trade until we reach the line, at which point you could reduce your position and take some profit, or wait for a confirmation of rejection from the overhead line, then de-risk. The point is, these OBV levels should be able to help you make your decision on the trade, it is ultimately your decision.
The chart is fascinating as current price action draws similarities to the Oct 2018 period, the Feb 2020 period and the June 2020 period, all of which were critical market moments. NVIDIA may be turning into a macro asset that can help us determine the overall market trend and direction.
Hope this helps
PUKA
Sell NVDA NowNVDA stock has topped. The run is over. And institutions are using Wednesday's earnings beat as a final chance to sell their shares while they can.
Over the last 4-6 weeks we have witnessed many of these leading names roll over and retrace beneath their 50-day moving average – a key level that generally supports top stocks through the move higher. Despite the recent pullback in the market, Nvidia has held at its highs.
Wednesday after the close, Nvidia reported earnings. And the results were better than anyone could have expected...
Earnings $2.70 per share versus estimates of $2.08. Sales were $13.5 billion – 20% above expectations. And the company raised forward guidance (how much they expect to bring in next quarter) from $12 billion to $16 billion.
They also announced a $25 billion share buyback which should act to propel the stock price even further. Investors got everything they wanted and then some. NVDA stock shot up 10% after hours. The news was so good, the entire Nasdaq index shot up 1% on the news.
But Thursday, in the first few hours of trading, all of those gains were gone. The Nasdaq opened higher, and immediately began selling off. It fell 3% during the session. And NVDA was back where it closed the day before.
This, to me, is a clear signal that the 2023 rally in tech stocks is over. The high was likely made on July 19th, and I doubt we see that level again this year.
The 2023 high is in - both for the Nasdaq and Nvidia stock. Institutional sellers are very clearly selling into the good earnings news and using the demand as a chance to exit their multi-billion-dollar positions. Do not make the mistake of buying here. The party is over.
NVDA Short: End of 5th Wave and huge reversal candleFrom my chart, it should be very obvious that the euphoria for NVDA has ended. We all know that this stock is over-priced. Yes, it is earning a lot more from the data centers (please see their financials if you are interested, but I don't trade from fundamental analysis).
What we also know is that their executives have been selling into this price movement up. While a lot of the bears were heavily damaged during the past 5 months, I am here announcing that the end is here.
The fabulous results from NVDA also triggered a lot of upgrades of price targets from major banks and other financial institutions. What I can say is, this is definitely an attempt at liquidity for the strong hands to exit.
Good luck! Get the word out there!
NVDA Falls Flat Today Following Big Market BeatAs we navigate these uncertain times, we must remain cautious and closely monitor the developments in NVDA and the broader stock market.
Unfortunately, NVDA witnessed a lackluster performance today, failing to maintain its momentum after the recent market rally. This decline may raise concerns and prompt us to reevaluate our trading strategies. While noting that a single day's performance does not determine the long-term trajectory is essential, it warrants closer observation.
Considering the current state of the general stock market, keeping a watchful eye on NVDA becomes even more imperative. As we witness increased volatility and potential market fluctuations, staying informed and making well-informed decisions is vital. By closely monitoring NVDA's performance, we can gain valuable insights into the market sentiment and potential trends.
Therefore, I encourage you to include NVDA in your watchlist and diligently track its movements. Keep an eye on the key indicators such as volume, price action, and any significant news or events that might impact the stock. Doing so, we can better navigate the volatile market conditions and make informed trading decisions.
Remember, caution is vital during uncertain times. While the market may present opportunities, it is crucial to approach them with a measured perspective. By staying informed about NVDA's performance and its correlation to the broader market, we can position ourselves to capitalize on potential opportunities or protect our portfolios from potential downturns.
In conclusion, I urge you to closely watch NVDA as it responds to the general stock market fluctuations. Take advantage of the tools and resources available to stay updated on the latest news, market trends, and expert opinions. We can navigate these challenging times more effectively by maintaining a cautious approach and being proactive in our analysis.
NVIDIA: Fueling the Tech Stocks Rally with Record Results...NVIDIA: Fueling the Tech Stocks Rally with Record Results and Soaring Momentum
NVIDIA, the star performer of the S&P 500 and Wall Street's darling stock in 2023, continues to lend robust support to global tech stocks. The company's recent release of quarterly results has cleared a towering bar and led to a surge in its stock price, propelling it to new all-time highs.
Delivering Unprecedented Results
NVIDIA, renowned for its cutting-edge chip technology, reported second-quarter results that shattered records across revenue, margins, and earnings. The driving force behind this exceptional performance is the surging demand for its AI chips and a resurgence in its gaming segment. Here's a snapshot of its remarkable achievements:
1) Q2 revenue more than doubled from the previous year to reach an impressive $13.5 billion, surpassing the forecasted $11 billion.
2) The company achieved an adjusted gross margin of over 70%, a new record high, leading to a fivefold increase in adjusted EPS compared to the previous year, soaring to $2.70, comfortably exceeding the projected $2.07.
3) NVIDIA's Q3 sales outlook of $16 billion has garnered substantial appreciation, outshining the Wall Street estimate of $12.4 billion.
AI Dominance: NVIDIA's Choice of Partners
The impressive results are a direct outcome of the escalating demand for advanced and powerful chips capable of running artificial intelligence and machine learning applications. Notably, major players in the global tech industry, including behemoths like Microsoft, Amazon, Alibaba, and Tencent, are racing to acquire NVIDIA's chips to upgrade their data centers. This strategic move will enable them to amplify their own AI services, leading to significant financial gains.
This is a pivotal moment as NVIDIA is the exclusive provider of these critical chips, akin to supplying shovels during a gold rush. As the sole proprietor, NVIDIA stands to capitalize on this unique position, confident that its rivals will be racing to catch up in the years to come.
Remarkable Surge: Datacenter Sales
The mounting demand for advanced chips has translated into staggering results for NVIDIA, particularly evident in the datacenter sales for the second quarter. The company reported datacenter sales of $10.3 billion, which is more than double the figures observed just three months prior.
Multifaceted Triumph
NVIDIA's exceptional performance extends beyond AI. Sales of chips utilized in gaming consoles and other devices experienced their first increase in over a year, surpassing expectations. Moreover, the segment providing chips to the automotive industry continued to make strides. With AI driving the momentum and other business sectors back on track, NVIDIA appears to be firing on all cylinders.
Wall Street's Bullish Outlook
Wall Street's unwavering confidence in NVIDIA's potential led to a flurry of target price increases following the impressive quarterly results. JPMorgan, Wells Fargo Evercore ISI, and TD Cowen all elevated their target prices to $600, while Bernstein escalated its target to $675 from $475. Piper Sandler and Oppenheimer also raised their views to $620 and $650, respectively. A notable high target price of $1,100 was set by Rosenblatt. Even Morningstar, which previously held a Sell rating on NVIDIA, upgraded the stock to Hold.
NVIDIA's average target price set by over 50 brokers surged to over $580, marking an increase from just $515 before the results were announced and a remarkable leap from below $300 a mere three months ago. This suggests the potential for over 15.5% upside, despite the stock reaching fresh highs, with some bullish analysts projecting a more than twofold increase in the next year.
Navigating Potential Risks
While NVIDIA is enjoying unprecedented success, potential risks loom on the horizon that could impact its trajectory, particularly as its share price and valuation climb higher. Key challenges include:
1) Supply Chain Dynamics: NVIDIA's performance hinges on its ability to meet market demand swiftly. Although current supply chain challenges have been managed effectively, the prospect of significantly scaling up chip output could pose challenges.
2) US-China Tensions: Trade tensions between the US and China, particularly in the semiconductor sector, present a substantial risk. Restrictions imposed on chip exports to China could impact NVIDIA's sales to a crucial market.
3) AI Investment Reality Check: The fervent demand for AI chips could face a reality check if businesses fail to achieve expected returns from AI investments. Tech companies will need to demonstrate the tangible benefits of AI applications to sustain investment levels.
4) Valuation Adjustment: NVIDIA's premium valuation may need to narrow as competitors catch up, potentially affecting its market position.
NVIDIA's Trajectory
NVIDIA's stock has surged over 8% in premarket trading, set to open at a record high of $507.50. As it enters uncharted territory, the current rise, although strong, is more moderate compared to previous surges. Nonetheless, the overwhelming consensus on Wall Street suggests that NVIDIA's momentum is far from waning. Despite trading at the lower end of analyst expectations, the stock has the potential to continue its ascent, with some experts projecting the possibility of doubling over the next year. As NVIDIA's journey unfolds, the tech world watches with anticipation for the next chapter in its remarkable trajectory.