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$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
NVDA Finally BreaksoutPrice broke higher from the consolidation area in play since the 4th of June. For the past week price has traded within 690 to 701 and provided good opportunities to play both sides of the market. Open drive in Fridays early trading took price beyond the established range to make a new high of 709.30 A short pullback to test the upper range of the boundary presented the only opportunity to join in the move higher. Has price found the legs to proceed higher in next week's trading?
NASDAQ:NVDALong
by samanyangawrites
NVDA channel.We see a long-term channel (purple lines). It started in 2016. In October 2018, it was broken. Then the "Diamond" model was formed. And the growth began until March 2020. Then the price of April 2020 pushed off from the support of the "diamond" and took a course sharply up to rejoin the old purple trend. Today we are near the trend resistance, the peak growth is limited to $620-630 and the stabilization in the range of $605-615 at best. In the worst case, close to the day of the report, the price will draw something similar to the "Double Top" model and, breaking through the "neck" level, will go down to the support of the channel - to $525.
NASDAQ:NVDA
by Dr_Chester
2
NVDA 11/16 Earnings Run and LongNVDA is one of my favorite stocks. As for the earnings run I couldn't tell you if it will pump or dump after we hear earnings but here is why I like this stock for the following week: 1)MACD hit below -15.00. If we look at the last time it did that we had a month long bull run of +$100. The big unknown is earnings. 2)The support and resistance wedge is getting smaller just in time for earnings. We could be following either green line support. we will see as the week begins.
NASDAQ:NVDALong
by Bye_Shai