NDVA Surges After JPMorgan's 'Massive Shift' in AII couldn't contain my excitement when I heard about the recent development that has sent shockwaves through the industry. Brace yourselves, as this news might be the golden opportunity we've been waiting for!
Just yesterday, JPMorgan, one of the world's leading financial institutions, made a groundbreaking announcement about a "massive shift" in its approach to artificial intelligence (AI). And guess whose stock soared to new heights as a result? You guessed it right! NVIDIA Corporation (NDVA)!
This remarkable turn of events has created a buzz in the market, and it's not hard to see why. JPMorgan's decision to embrace AI technology on such a grand scale indicates this sector's immense potential and profitability. With NDVA already being a key player in AI, it's no wonder their stock shot up like a rocket!
Now, you might wonder, "What's the next move, and how can I benefit from this exciting development?" Well, my friends, I firmly believe it's time to go long on NDVA! With JPMorgan's endorsement and the growing demand for AI solutions, we are looking at a potential goldmine here.
So, without further ado, let's seize this opportunity and take advantage of the momentum surrounding NDVA. By going long on this stock, we position ourselves to ride the wave of success that lies ahead. It's time to trust our instincts and make a move that could yield substantial returns.
As always, conducting thorough research and exercising sound judgment is crucial before making any investment decisions. However, given the recent news and the positive market sentiment, it's hard not to feel a surge of excitement about the prospects of NDVA.
So, my fellow traders, let's embark on this thrilling journey together and capitalize on the exciting developments in the AI sector. Please consider going long on NDVA and join me in embracing this opportunity.
Nvda_analysis
Nvidia -> Is This The Top Formation?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.
Looking at the weekly timeframe you can see that Nvidia is still a little bit overextended and we could certainly see a weekly retest of the 0.382 fibonacci level which is perfectly lining up with previous structure.
After Nvidia broke down of the rising channel a couple of days ago there was not a lot of bearish follow-through and also daily market structure is not bearish yet - I am simply waiting for a better situation on Nvidia to then look for a new trading opportunity.
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 uptrent still intact - LONGNVDA still looks good and the uptrend is still intact.
The price is about to retest the upsloping support line which could be an entry for a long position.
RSI is about to reach oversold conditions.
As long as the upsloping support holds, the uptrend continuation is expected.
If the price closes below the upsloping support, it would be an invalidation of this thesis and more downside is likely then.
Target is shown on the chart.
Good luck
NVDIA 4HR- Pull back Very LikelySorry for the small screen, but this is pretty straightforward. Bearish Divergence on MACD (not shown cause screen size) along with price action showing slowed momentum when trying to push through the very local high ie. Double top.
I would try to catch the bounce at the EMA and or anything within the 0.326-0.618 fib retrace area for all you swing traders out there.
Simple, predictable price action.
You shall respect the TA, while the weak fall down the wayside.
-b
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:
Ninja Talks EP 22: 500 Followers!First off thanks for 500 followers, seems people like my Ninja Talks, so I'll keep um coming.
In today's episode I want to talk about two types of anger traders go through in the market, one makes you win and one makes you lose.
* Anger Numero Uno
The first is pure rage, complete emotionality and it's what the majority of traders even seasoned pros know very well. In poker this would be called "tilting", in trading it's the same shiz it's just the catalyst appears different, they see cards we see candlesticks. Anyway back to the rage, quick story; many-o-moons ago I tilted and blew up my entire trading account (which was basically my entire net worth at the time), I screamed and rubbed my face so aggressively I dislocated my jaw! It's still not 100% aligned years later. This is the brutality of giving into the 1st anger, it takes no prisoners and will at any moment dash your emotional AND physical well being 1000mph at the wall until you learn to master it.
* Which brings me to the second Anger.
The second Anger, if verbalised, would sound something like "That's it! Let's fuc🤬ING go!", it's a "game on" mentality, not tilted but ready - you understand you're down, but your not giving up - you remain calm but awake.
I'll give you an example, back in the day I had an MMA fight after not training for two years. Completely out of shape I took the fight on one week's notice lost 15lbs and jumped in there underweight, depleted, injured and weirdly stupidly confident. Round one begins and I'm tired after just 1 minute, the "gentlemen" across from me realising this proceeds to plod forward and tee off on my baldy head and skinny legs, but then something happened - my mind snapped out of it and basically said "Enough! Let's fu🤬ING go!" - I walked forward angry but calm saw his incoming kick grabbed it mid air, diverted it to my right and threw a rear high kick slapping the "gentleman's" temple "CRACKKKK!!!" and down he went, the fight was over just like that.
Here's the thing...
Understanding the difference between these two angers are a defining factor between winning and losing in the financial markets, yet very few learn from their outputs and instead point the finger outwardly at others, don't be that guy and instead learn to channel anger into determinative action.
Make sense Ninja?
Channeling rage (especially as a man) is one of our most potent potentialities, but it must be intentful and purposeful and preferably positive if we want to capture it's true essence.
Meditate on this Ninja.
I'll see you in the next ep!
Follow for more.
Healthy Pull Back or More Downside? QQQ SPY Big 6 Tech Analysis- QQQ & SPY potential bearish pattern H&S forming
- Still a very healthy consolidation pull back at the moment
- TSLA 4 hour time frame 12 EMA full bull control guide
- NVDA rising wedge pattern is my guide
- GOOGL daily downtrend potentially shaping up
- AMZN similar to GOOGL cant get out of its chop box zones rejected resistance again today
- MSFT starting to pull back enough that if next bounce is shallow might start to shape up more downside
- AAPL strongest of them still very shallow pullbacks and healthy at the moment, 12 EMA 2 day time frame absolute full bull control
Detail Price Level Trend Guide | NVDA TSLA AAPL AMZN GOOGL MSFT- NVDA short term 15m time frame bull break lacking follow through then weaker compare to QQQ into end of day on Friday
- TSLA still relative stronger than QQQ gap filled 4h 12 EMA still full bull control guide
- AAPL zero red flags trading around ATH, 2 day time frame 12 EMA full bull control guide
- AMZN weaker of the big tech closed right at support into end of day potentially may break below it on Tuesday
- GOOGL weakest of the big tech, may form a daily downtrend if we break prior pivot 121 level
- MSFT similar to AAPL trading in ATH range, no red flags yet need to confirm hourly downtrend for bears, for bulls still in full control.
$NVDA headed for a reversalNASDAQ:NVDA headed for a reversal. Looking at candlestick patterns on 15th June 2023, NVDA is losing steam and trend reversal is suggested. Some other indicators are also bearish. The near term resistance levels I see are $438.14 | $446.31 | $462.62
By the end of August 2023 I would not be surprised to see NVDA trading at or below $350
*Disclaimer*
The information is purely for *entertainment* purposes, and is not meant to be, and does not constitute, financial, investment, trading, or other types of advice or recommendations. Do Your Own Due Diligence (DYODD)
NVDA TSLA AMZN GOOG MSFT AAPL QQQ Sp500 Detail Price Level Guide- NVDA ATH in price discovery mode
- TSLA relative weaker than QQQ today potentially need some consolidation for the bulls after a fast move.
- GOOGL weakest of all Tech still in range for potentially daily bearflag
- MSFT AAPL testing 52 week high resistance
- QQQ zero signs of bear still, need AT LEAST an hourly downtrend for anything to happen
- SPY weaker than QQQ today but zero red flags still at the moment same thing n
Nvidia's runaway gap could keep it king of the NasdaqWhilst Meta platforms has closed the gap with Nvidia in terms of YTD performance on the Nasdaq 100, Nvidia remains king of the crop having climbed over 170% from its 2022 low.
Prices blew past their previous record high set in 2022, and since consolidated around the current cycle highs. An initial inspection of the higher timeframes suggests it could be 'overbought' - at least over the near-term. But to expect a solid reversal of gains would likely require the combination of a broader market downturn alongside loss of confidence in AI (with the latter feeling unlikely at present). Therefor, a broader market downturn could simply provide the catalyst for a pullback and for AI-bulls to load up at more favourable levels. And if a downturn does not occur? We could be looking at a breakout from its current consolidation.
Assuming the recent swing lows hold and prices break higher, it could trigger another bout of technical buying from those who identified the 'runaway gap'. Such gaps tend to appear around the midway point of a strong trend, and mark another round of strong buying as those who missed the first move cannot sit on their hands any longer. And with the AI frenzy unlikely to peter out for some time, perhaps a bullish breakout isn't so crazy (even if the charts suggest it could be overbought by some measures).
Buying NVDA? You are exit liquidity Beyond the trillion dollar market cap resistance and the PR dump, some charts show why now is not the best time to buy ( Price target $300 EOY ). If the top isn't in already, we are close. First shown, the daily macd is about to flip, as it similarly did after the previous all time high.
Next is the separation from the weekly ema ribbon: Similar separation to the previous all time high.
Finally, there is a >15% gap that is still lurking below, waiting to be filled:
Seems to be trading on a similar cycle to bitcoin:
TSLA NVDA AAPL | Market SPY QQQ Detailed Trend Guide- Tesla TSLA broke above monthly uptrend today, and lacking a little follow through due to QQQ being flat, although there is still 25 days left in the month so still got time.
- Nvidia NVDA forming a 4h equilibrium, also potential H&S
- AAPL looking like sell the news, potential blow off top but need a lot of a bigger drop for it to be a blow off top.
- SPY and QQQ testing golden pocket ratio zone resistance.
TSLA NVDA AAPL MSFT GOOGL AMZN Detail Trading Guide with Levels- most of all these big tech stocks and market itself are due for weekly consolidation so the most likely scenario for me in the next coming weeks is more so a sideways or slight dip action.
- the size of this consolidation pull back will determine our next move
- Tesla about to form its first monthly uptrend since ATH
- Nvidia potential 4h head and shoulders pattern
- AAPL & MSFT potentially testing ATH
SMH NVDA SPY & QQQ | Long Term Outlook Resistance Guide- SMH weaker than QQQ today potentially setting daily lower high but bears need more follow through at the moment
- NVDA still potential 4h head and shoulders pattern if we confirm more downside
- SPY very nearing 0.618 fib resistance we saw some money rotate from tech into SPY in the last two days making breath better
- QQQ bull flag confirm still super strong every trend is healthy no closed just at the golden pocket resistance. Most likely scenario is weekly consolidation in the next coming weeks.