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Nvidia: Buy the Dip?NVIDIA - Short Term - We look to Buy at 223.00 (stop at 203.00) Preferred trade is to buy on dips. Levels close to the 50% pullback level of 231.07 found buyers. Trend line support is located at 210.00. The stock is currently outperforming in its sector. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 272.00 and 284.00 Resistance: 250.00 / 300.00 / 340.00 Support: 210.00 / 190.00 / 160.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NVDALong
by Saxo
2
NVDA BEARISH WOLFE WAVE DAILYThere is a bearish wolfe wave setup on the daily time frame that triggered last week Dec 3, 2021. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the red perforated line, as shown in the chart. The projected target is approx 180 which is represents a 5 standard deviation move. We do not believe NVDA will reach this level in the short term; however, it is probable that NVDA can take out some gaps that have been left open post run-up. Closest gap target is 267. If this tgt were to be achieved, I would expect it to sell off to 267 and lower Dec 14.
NASDAQ:NVDAShort
by TOSOPTION
5
NVDA: The Stock that Never Goes Down.Nvidia usually goes up around 3-5% per day, even 17% yesterday, and there is absolutely no reason why it shouldn’t continue to do so. Heavy institutional buying is expected to catch every dip, but it is rather unlikely this stock will experience dips at all. Elliott wave: NVDA is unique in that it only has impulse waves 3, but no corrective waves 2/4. Therefore we are currently trading in the everlasting wave (iii) of 3 to the upside. Gann: In W.D. Gann’s book “Tunnel Thru the Air” we find a hidden instruction how to trade NVDA, which is to yolo call options whenever Saturn and Jupiter form a 90 degree angle after new moon, or any other angle, or at any other time. Supports: 300, 299, 298, 297, etc. Resistance: none Correlations: NVDA is correlated with QQQ in an uptrend, and when QQQ is in a downtrend then NVDA is inversely correlated to QQQ. Fundamentals: As the Metaverse is expected to replace planet earth after climate collapse, NVDA is well positioned to supply the necessary GPU, since our new existence is best enjoyed in high resolution. NVDA price currently experiences exponential growth, which is extremely sustainable and can only accelerate, per all the laws of physics. When Mark Douglas writes “the stock market is an everlasting stream of opportunities”, what he meant was actually the NVDA stock, but this appears to be a well-kept secret of institutional players. ________________ Disclaimer: The above analysis is for educational purpose only (lol) and not financial advice. Obviously it is satire, but I better mention it.
NASDAQ:NVDALong
by UnknownUnicorn12250317
NVIDIA LONGThere was a rise in media consumption during the Covid Pandemic. Game and Electronic sports has grown immensely and Gaming PC's are more flexible and powerful than any console, therefore people that want to participate in gaming will migrate more towards Gaming PC which is where NVIDIA comes in. "inventor of the GPU, which creates interactive graphics on laptops". Trust me graphics and performance are everything in gaming. The Technical view would be that price has made a 79% retracement into a Bullish Orderblock , which is a discount array in ICT terms. Following the Orderflow, that is a reasonable price to look for a buy
NASDAQ:NVDALong
by LebogangHlongwane
7
$NVDAShares of semiconductor manufacturer Nvidia a supplier of chips for everything from playing video games to performing artificial intelligence tasks to mining cryptocurrency, dropped 2.2% through 10 a.m. EDT Friday. It's the last of those three chip uses -- mining cryptocurrency -- that seems to be weighing on the stock. The People's Bank of China, you see, just announced that it is banning all cryptocurrency transactions in the country, and in particular, banning Bitcoin and Tether from circulating in China.   The move seems likely to weigh on Nvidia's business, but I wouldn't be too concerned for Nvidia stock despite the drop. Consider: In its first-quarter earnings report earlier this year, Nvidia advised investors that a new line of semiconductors it had developed specifically for crypto mining generated $155 million in incremental revenue. Expand that out, and specific cryptocurrency-related revenue for the company may be as much as $620 million a year.   Now, that sounds like a lot, but as a percentage of Nvidia's $21.9 billion semiconductors business, it really amounts to just 2.7% of total revenue -- and even then, most of this revenue from sales to countries other than China should be unaffected by China's move. Overall, I’m bullish on NVDA without question. When we take a look at the daily & weekly chart you can see price has broken out of its ascending triangle to the upside and has also retested to see if it would act as support. You have the MACD looking strong & RSI sitting above 50. Without question, this should be on your watchlist this week. - Factor Four
NASDAQ:NVDALong
by TheBlankFund
Nvidia Stock projection after the drop Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Nvidia Stock starting push back up after the drop caused by the Evergrande problems where we see the stock pushing from 206.27 up to 225.34 in 3 days, That's almost a 10% increase in a very short period of time. NVDA has an average volume of 26045000. This is a good sign as it is always nice to have a liquid stock. Both The Long-term trend and Short-term trends are looking positive. Possible Scenarios for the market : Scenario 1 : The market has reached the first resistance line located at 224.58 but a breakout didn't happen yet, Looking at how the trend is moving we should be seeing a breakout soon that will jack the stock price up and the first stop this stock is doing will be at the second resistance at 229.58 where it might have some push back from the Bears that could drive the price back to the 224.58 level, After reaching that point the Bulls will pull up and gather buy power to push the market to the 237.66 level. Scenario 2 : The market has reached the first resistance line located at 224.58, The Bears could step in and take control and drop the price here to show the Bulls that it's not gonna be easy for them to gain control which will lead the price dropping to the first support level at 214.42 where the battle over control will happen with Good chances of Bulls winning which will be the start of the push to the 237.66 level Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The RSI is at 58.86 showing good strength in the market. No divergence has been found between the indicator and the market 3) The Stoch is in the upper end of the middle zone showing good momentum, With a positive crossover between the %K (78.31) and %D (52.83) Daily Support & Resistance points : support Resistance 1) 214.42 1) 224.58 2) 209.42 2) 229.58 3) 206.84 3) 233.65 Fundamental point of view : When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 84% of all stocks and NVDA has a Return On Assets of 18.32%. This is amongst the best returns in the industry NVDA outperforms 88% of its industry peers. The Earnings Per Share has grown by an impressive 80.78% over the past year. "One of the reasons the stock is moving up can be seen in the Indicator column. The stock received a boost in its price target from Bank of America on Sept. 17, 2021. If NVDA stock reaches that price target it would be a gain of over 25% from the consensus price target. Bank of America may be reacting to Nvidia’s push to become seen as more than just a chip company and is spending over $1 billion on research and development to support that aim." According to Marketbeat This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
NASDAQ:NVDALong
by GabiDahduh
NVDA CHANNEL SUPPORT , POSSIBLE LONGNVDA is in a bullish uptrend momentum. Stochastic oversold give us an opportunity to enter near to 50 EMA used as support many times. Also 50 EMA coincides with a channel support created after the breakout of resistance at $ 207,34. ADX is above 21 suggesting that the trend is still strong. Moreover the channel support coincides with the 50% Fibonacci. BUY ENTRY: $ 214.76 TAKE PROFIT: $ 229.54 TAKE PROFIT 2: $ 254.77 STOP LOSS: $ 201.59 ____________________________ NOT FINANCIAL ADVICE
NASDAQ:NVDALong
by vf_investment
NVDA, Elliot Wave Theory: Analysis and StrategiesNvidia, is expected to present earning results today after market. As undefined signs in the last days, I decided to make an Elliot wave analysis to check where we are at this point as this stock is long one for me. I was surprised, scanning Fibonacchi’s on Elliot, that 3rd wave is exended. No doubt as per fundamentals and innovation that this is a long term growth one. The thing now are its technicals to me, meanwhile we enter in a 4th wave, cost of opportunity is going to take an starring place. Always taking in a dollars positions. Other countrys where money is not that robust one and or devaluated, shall be the same if your money is in an Elliot 4th wave for a long time or not. Also remember 4th could be not that 0.618 worse point but a 0.382 wich is not bad if your money devaluates less at that point. Then, 5th wave and your devaluation will be double key reasons to stay long. Back in US dollars, think if you are in and the fourth wave takes place, two strategies come to mind: one is to stay into the 4th wave based on the fundamentals and innovation drivers of this stock, and also accumulate to catch the 5th wave, that well prepared. The the other strategie of these two is just stay out until the 5th takes place if you have a better one to invest, repurchasing when the 5th wave starts, only if you feel good at time management without losing the opportunity cost. Conclusions> if fundamentals and innovation remain strong, there seems to be no room to lose for this growth investing. If you are not there and the fourth wave takes place, you will have enough time to buy it. I hope you like this analysis and it is useful for you. Invest at your own risk.
NASDAQ:NVDA
by NuSilvi
2