An aggressive swing on NVDAFriday's candle is very bullish and with decent volume retesting the 50 day sma. 158 should be solid support and that's the retest I plan on entering with $170 March calls for $6.50 to give it time. Will give it a $4.25 stop, which should align with below that wick of Friday's bullish candle.
My target on NVDA is $170, or extreme $176 to close out the swing.
Let's see what she does next week :).
Cheers.
Nvda_analysis
NVDA's next movesEasy long entry.
-1D RSI has bottomed out paired the continued upward movement
-1D MACD continues is upward movement
-Bounced off the 78.6% fib retrace
1. Enter a long position, close out around 195.
2. Enter a short position shortly after, close around 175.
3. Re enter a long.
cheers!
NVIDIA: $265 Short Target CallNVIDIA is obviously going to pass the $250 threshold soon, but I think a short call that passes even $265 is imminent as well. The rise of NVIDIA's stock price was mostly pushed by the demand of GPU mining. However, NVIDIA is still a conservative buy. Even if GPU mining demand decreases, the fact is that NVIDIA started doing many things with AI. This includes AI SDKs, improvements on there processing algorithms, and large enterprise level research in scale. NVIDIA seems to be one of those unicorn stocks that been positive correlations for a while. Only time will tell if these spreads and correlations will continue.
The Dark Knight (NVDA) is Flying high! Wayne ReversalGood morning, Bullish Benji Fanatics!
Another Chart analysis here.. by the prophet, the Winged bandit himself, the one and only, Bullish Benji.
NVDA has been struggling as of late breaching 250 then retreating back lower multiple times which has indicated a sell signal to most investors..
However, Benji is not one of those investors. NVDA did fail to breakout past this 250 many times yes.. But if you look at the Bruce Wayne Wings easily spotted in the chart after careful review you can see after this made a move back to 230 yesterday.. This isnt your standard BAT pattern, which is why Ive been calling it Wayne Wings. If we breach 235 this can retrace back up to the 250 zone. This is where things get spotty. I give it a 65% chance of making it to 300 if this 250 level is breached once more.
We have been hanging out at these sub 250 levels longer than Alfred caring for master Wayne.. So, its time for the next leg up. Hoping the Market is solid, the crime remains down, and your hero Bullish Benji watches over the market to provide analysis with his bat like reflexes.
-Benji the Bat
NVDA Long$NVDA recent highest closing has me interested in looking at the bigger picture chart. I myself believe there is another big break out coming before major consolidation. Key levels 219, 221, 224, 227, 232, 236, 241, 244. Could reach 270 within 6-8 months. Possibly could reach toward 325 by end of 2018!! Major growth company and has the machine learning / chips that will take this further. Do not take this as investing advice. Good luck trading!