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Nvdaelliott

NVDA to $180 or $190 in 35 days ?NVDA is re-entering an upward channel that began on August 5, 2024, when it hit a low of $90.69 following its 10:1 stock split. This movement coincides with the stock surpassing the key $140.76 high recorded on June 20, 2024, which we identify as the end of Wave 3 in its major bullish cycle . After the Wave 4 correction , which took the price from $140.76 down to a low of $90.69 on August 5, 2024, NVDA appears to have started a Wave 5 . This wave has the potential to drive the price to $180.00, or even $190.00, possibly by Friday, January 17, 2025 , the last trading session before the inauguration of President Donald Trump. Our Perspective on NVDA's Major Bullish Cycle We divide this cycle into the following stages, based on Elliott Wave theory: Wave 1 Period: May 13, 2016, to November 22, 2021 Price movement: from $1 to $34.65 (+3365%) Wave 2 Period: November 22, 2021, to October 13, 2022 Price movement: from $34.65 to $10.81 (-68%) Wave 3 Period: October 13, 2022, to June 20, 2024 Price movement: from $10.81 to $140.76 (+1202%) Wave 4 Period: June 20, 2024, to August 5, 2024 Price movement: from $140.76 to $90.69 (-36%) Wave 5 (in progress) Estimated period: August 5, 2024, to January 17, 2025 Projected price movement: from $90.69 to $180.00 (channel midpoint) or $190.00 (channel top) (+100% projected). Key Levels to Monitor $180 as the channel midpoint , and $190 as the upper limit by January 17, 2025. If NVDA exits the upward channel and breaks below $131, we will exit our position in the stock . Our opinion is for educational purposes only and should not be considered a recommendation to buy. Before making any investment, consult with your financial advisor.
NASDAQ:NVDALong
by SHGTrading
1
Nvidia's Stellar Surge: A Reflection of AI's AscendanceNvidia's meteoric rise in recent months is a testament to the burgeoning artificial intelligence (AI) revolution. As tech giants race to integrate AI into their products and services, the demand for Nvidia's high-performance computing chips has skyrocketed. The company's stock has surged by an impressive 25% in the past month alone, and it's on the brink of breaking its all-time high. Nvidia's dominance in the AI hardware market can be attributed to its cutting-edge graphics processing units (GPUs), which are ideally suited for the complex computations involved in AI tasks. These chips have proven to be indispensable for training and deploying large-scale AI models, such as those used in natural language processing, computer vision, and generative AI. As tech earnings season approaches, investors are closely watching Nvidia's performance. The company's financial results will provide valuable insights into the strength of demand for its products and the overall health of the AI market. Analysts are anticipating a strong earnings report, fueled by continued growth in data center sales and increasing adoption of Nvidia's AI solutions. One of the primary drivers of Nvidia's success has been the accelerated development of AI technologies by leading tech companies. Meta, Alphabet, Microsoft, Oracle, and OpenAI, among others, have been investing heavily in AI research and development. These companies are racing to introduce new AI-powered products and services, such as chatbots, virtual assistants, and generative AI tools. To support these initiatives, they require powerful hardware infrastructure, including Nvidia's GPUs. The growing demand for AI chips has created a significant opportunity for Nvidia. The company has been expanding its manufacturing capacity and investing in research and development to maintain its technological edge. Additionally, Nvidia has been exploring new markets, such as autonomous vehicles and healthcare, where AI is expected to play a crucial role. While Nvidia's future prospects appear promising, it's essential to acknowledge the potential risks and challenges that could impact the company's growth. These include intense competition from other chip manufacturers, fluctuations in the global semiconductor market, and the possibility of regulatory hurdles related to AI development. Despite these risks, Nvidia's strong market position and the increasing importance of AI suggest that the company is well-positioned to capitalize on the ongoing technological revolution. As AI continues to transform industries and society as a whole, Nvidia's high-performance computing chips are likely to remain a critical component of the AI ecosystem.
NASDAQ:NVDALong
by bryandowningqln
5
NVIDIA"S Four-Hour Target 137's Good morning traders The market planned out into what our thesis originally was from ages ago ie we are hitting 137 range -138 max then seeing a correction of some sort or we blow through this level up and keep going to 150's In this video I am most certainly long and feel lets look for a correction at the 137's between 8-12 dollars. If this doesn't happen dont fret then we will be reanalyzing the market to 150's and possibly beyond.... Thanks for watching, if you like the video, hate it or have another thesis share away in the comments section below Happy trading and lets keep riding those waves MB Trader
NASDAQ:NVDA
by Mindbloome-Trading
Nividia: Will we reach 128.70 ? I Believe We CAN Good morning Traders MB Trader here checking into see how everyone is going So the game plan today is: 1) Do some wave counting; we all love a little bit of wave counting to figure out where we are in the market 2) Do some projections figuring out where are we going up ? 3) Do some micro projections to figure out the different areas of resistance and where that will be Enjoy traders and remember I love your comments, feedback and anything else you want me to make videos on Happy Hunting For Those Trades Remember trade what you see not what you assume MB Trader
NASDAQ:NVDALong
by Mindbloome-Trading
2
NVDA: 4 hour-30 Min HOW Deep Will We Correct ? Happy Weekend Traders I made a quick video for you in the relation NVDA I can see the following scenarios playing out so keep your eyes peeled on these levels: 1) From 120.56 we hold and go up 2) We go down to the 61.8 percent retracement @ 118.45 hold here and go up 3) We go down to 112.88 where we can sky rocket back up from here or start breaking further South If you have any questions, comments let me know. I will be doing a few training videos on the different tools I use to see the market with if your interested let me know MB Trader Happy Hunting
NASDAQ:NVDA
by Mindbloome-Trading
NVIDIA's Four-Hour Dip: A Macro Correction or Bigger Shift UPGood afternoon or evening, traders! What a rollercoaster of a day! The market followed our expectations—correcting, then taking a dive. But wow, did anyone expect that explosive breakout at 9:30 am? That’s the thrill of the open! In this video, I'm staying neutral, but here’s what we need to watch: a breakout above 119-120 opens the door to 140 and beyond—a very real possibility. On the flip side, a dip below current levels could see us exploring the 90 range. Something to keep in mind! Thanks for watching, and apologies if I sound a bit tired—it’s been an intense day. Happy trading, and let’s keep riding those waves! MB Trader
NASDAQ:NVDA
by Mindbloome-Trading
3
NVDA WILL DOWN BEFORE UPNVDA (NVIDIA CORPORATION) will go down around $231 to finish the correction and after that, it will make a new high. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #NVDA #NVIDIA
NASDAQ:NVDAShort
by anantadhungana
2
NVDA (NVIDIA CORPORATION) WILL DOWN BEFORE UPNVDA (Nvidia Corporation) will down around $258 for correction and after that, it will definitely make a new high as a preferred count (projected by with black line) as a complex correction. Another side of the view is an alternative count ( projected by with red line) it can be the 1st wave and it will down a little bit and it doesn't make a new low below $271.45 if it sustain above these level then we can't make a new low but if not sustain then we will going to make a new low. After the rise, we can see the resistance around $311-$324 and if we break the trend-line then we can assume, we will go for a new low. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #NVDA #NVIDIA
NASDAQ:NVDA
by anantadhungana
2