Targeting $902 in (b)We tagged my long held target yesterday of $834, and now I'm of the opinion we get a corrective retrace targeting $902 before seeing lower.
Best to all,
Chris
Nvidia
NVIDIA (NVDA): Why $1,077 Could Be Just the Beginning!NVIDIA (NVDA): NASDAQ:NVDA
In our last analysis of NVIDIA, we presented an alternative scenario. However, given NVIDIA's relentless momentum, we find ourselves needing to adjust this scenario once more. We are now inclined to believe that we are still within a subordinate Wave 3 of the overarching Wave (3), anticipating that the price must reach at least the $1,030 mark, particularly considering the subordinate Wave ((iii)) precisely hit the 461.8% level.
Following a rapid sell-off to Wave (a), we've observed the formation of Wave (b) with a three-wave structure right at the 100% mark. This leads us to position an entry for Wave (c) or Wave ((iv)), as we theoretically should achieve the 100% mark here too, aligning with the minimum 23.6% level for a Wave 4 around the 100% mark, thus establishing our entry point.
Moreover, the gap present, along with the underlying support zone, could be crucial. Hence, we're setting our stop-loss just below this zone. For the upward movement, we anticipate that the subordinate Wave ((v)) of Wave 3 could reach at least up to $1,077, fitting within our minimum target range for Wave 3 and aligning well with our expectations. Should the price drop below this level, other zones could potentially accommodate a Wave ((iv)), but such a scenario would not be as rule-compliant, making this current scenario more likely than others.
Considering NVIDIA's recent performance, this setup presents a favorable risk-to-reward ratio for a short-term trade.
R:R - 6.3
Risk: max. 1%
Nvidia Enters Correction Zone After Plummeting by 10%Chipmaking giant Nvidia ( NASDAQ:NVDA ) finds itself navigating the stormy seas of correction territory. With shares down 10% from their recent all-time highs, investors are left wondering: what lies ahead for this AI powerhouse?
Nvidia's ascent to prominence has been nothing short of remarkable, fueled by the insatiable demand for its graphics processing units (GPUs) in the era of artificial intelligence. From powering compute-intensive AI applications to serving as the backbone of data centers, Nvidia's chips have been instrumental in driving the AI revolution forward.
However, as the dust settles and the euphoria of past gains fades, investors are left pondering the reasons behind Nvidia's recent downturn. One catalyst could be the unveiling of Intel's new AI chip, Gaudi 3, which promises to rival Nvidia's most advanced offerings. Boasting superior power efficiency and faster AI model processing capabilities, Intel's chip represents a formidable challenge to Nvidia's dominance in the AI space.
Moreover, analysts at D.A. Davidson have raised concerns about a potential cyclical downturn on the horizon for Nvidia. They point to factors such as the shrinking size of AI models and increased competition from alternative solutions, which could dampen demand for Nvidia's stock in the coming years.
Despite these headwinds, Nvidia ( NASDAQ:NVDA ) remains a titan in the world of AI technology, with a track record of delivering stellar financial performance. The company's recent earnings report showcased a staggering 486% jump in non-GAAP earnings per diluted share, underscoring the continued strength of its business.
As investors grapple with the uncertainty of market corrections and the evolving landscape of AI technology, Nvidia stands at a crossroads. Will it weather the storm and emerge stronger than ever, or will it succumb to the pressures of increased competition and shifting market dynamics? Only time will tell.
In the meantime, investors would be wise to keep a close eye on Nvidia's strategic moves and technological advancements, as they may hold the key to its future success in an ever-changing landscape.
Technical Outlook
Nvidia ( NASDAQ:NVDA ) stock is in a downward Trend with the stock closing at 2% loss in Tuesday's trading session. With a weak Relative Strength Index (RSI) of 44.99 paving way for further decline. Nvidia's ( NASDAQ:NVDA ) 4-month price chart shows a three-black bearish crow candlestick pattern further attesting to the bearish trend of this thesis.
In conclusion, while Nvidia ( NASDAQ:NVDA ) may be facing challenges in the present moment, its long-term prospects remain promising. As it adapts to the evolving demands of the AI market and navigates the complexities of correction territory, Nvidia has the potential to emerge as a resilient and enduring force in the world of technology.
NVIDIA CALLThe price drop slowed down on a daily demand zone and we can expect a new rally from the current area to $814, $840 and $890 price points.
Come to Daddy NvidiaI have long been warning that Nvidia was on a path to tag $834 for a while now, Followers of mine can search previous posts. I received a ton of criticism about my analysis...even ridicule at times.
...and here we are on the verge.
My only question is do we get deeper into the target box?
Best to all,
Chris
NVIDIA CONSOLIDATION VS EXPANDING CHANNELEven though the price of NVDA has done a bearish breakout on the expanding channel, the price remains under pressure inside a consolidation zone. Here we must wait for the price to confirm another bearish breakout below the lower boundary to validate the bearish projection. Here I am expecting a downward shift back towards the key level held on the bottom.
NVDA Nvidia Double Top If you haven`t bought NVDA before the previous earnings:
Then it's important to note that technically, we're currently in a double top formation, which is one of the most bearish chart patterns. While I anticipate NVDA to rise by the year's end, it appears bearish for the next month.
NVIDIA SL 850 TO 1000 ENTER BETWEEN THIS LEVELS Dominance in AI and Software Solutions: NVIDIA stands out as a leader in software and AI solutions. Its technology is crucial for various applications, including AI training, autonomous driving, and the metaverse. The company’s strong position in these areas provides a solid foundation for growth1.
Beat-and-Raise Potential: NVIDIA is expected to deliver a strong earnings report. Despite high demand for its artificial-intelligence hardware, the company may still outperform expectations. Analysts anticipate a beat-and-raise scenario, which could drive the stock price higher1.
Long-Term Tailwinds: The secular trends favoring AI, autonomous driving, and the metaverse are long-term tailwinds for NVIDIA. As these technologies continue to evolve, NVIDIA’s revenue streams from software and AI solutions are likely to grow consistently1.
Trade Strategy
Entry Point: Consider entering the trade when NVIDIA’s stock price is around the current market price (approximately $434.86).
Stop Loss: Set a stop loss at $850. If the stock price drops to this level, exit the position to limit losses.
Take Profit: Aim for a take profit target of $1000. If the stock reaches this level, consider selling to lock in profits.
Nvidia - Entering a bear market!Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years, Nvidia stock has been trading in a long term rising channel formation. We had the last retest of support in 2021 which was then followed by a +650% rally towards the upside. As we are speaking Nvidia stock is retesting the upper resistance of the channel and we might see a short term correction towards the downside to retest the previous all time high.
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Keep your long term vision,
Philip (BasicTrading)
BITCOIN 80000 ? SOON !! ?Reasons Why !!
Market Optimism: Bitcoin experienced a remarkable 128% surge in 2023, outperforming traditional investments like stocks, gold, and bonds. Experts predict further gains in 2024, which could propel it to new heights.
Spot Bitcoin ETF: The anticipated launch of a spot Bitcoin ETF in early 2024 is expected to revolutionize the crypto landscape. This move could attract significant capital from both retail and institutional investors, fueling Bitcoin’s ascent.
Halving Event: Scheduled for April or May 2024, the next Bitcoin halving will reduce the yearly supply of new Bitcoin. If demand outstrips supply, it could drive prices higher.
Protective Puts to Ride SpeculationOverview
SoundHound AI ( NASDAQ:SOUN ) doesn't appear to be fundamentally sound, however, its technicals support a potential spike to around $15.50. While the rest of the market also appears to be nearing a peak, there may be a few more weeks of squeezing which is where SOUN may find a second, yet short-lived, wind.
Fundamentals
SoundHound AI has experienced significant negative income the last three years. There was an increase in cash flow which appears to be from the solicitation of its company's shares. The company has also downsized by 40% which it annotates in the 10-K Annual Report for 2023. Overall, my impression is that SoundHound is struggling to find its balance and is shrinking. I believe that the only reason it has surged as it much as it has is due to the market's overwhelming interest in artificial intelligence.
Strategy
Unfortunately it's not enough to be right about the health of a company especially when the rest of the market is chasing a high. Despite SOUN's lack of a healthy fundamentals, I would not be surprised to see a spike to the 1.618 Fibonacci level. This gives me the desire to utilize protective puts in case the market euphoria ends sooner than expected.
The fifth wave is left, then wait for the trend correctionDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
Introducing Nvidia's Next Generation AI Hardware and Software OfNvidia has officially introduced its next generation AI hardware and software offering, setting a new standard in the industry. With cutting-edge technology and innovative solutions, Nvidia is paving the way for the future of artificial intelligence.
This new offering promises to revolutionize the way we approach AI, providing faster, more efficient, and more powerful solutions than ever before. With Nvidia's state-of-the-art hardware and software, traders can expect increased performance, improved accuracy, and enhanced capabilities to stay ahead in the market.
Now is the time to invest in Nvidia and take advantage of this groundbreaking technology. Don't miss out on the opportunity to be a part of the future of AI. Join us in long Nvidia today and be a part of the next generation of innovation.
$NVDA to go over $1000 for blow off top?NVDA had a great reaction to earnings and I don't think the move is done yet.
Over the next few weeks, I think we'll witness a monster move higher for NVDA.
Once it surpasses the $855ish range, we should see a straight shot up above $1000.
Think we're likely to top above $1050.
I bought calls prior to earnings 3/8 $740C and some lotto tickets 3/8 $1050C.
Let's see if we can get up there.
$834 Next TargetNvidia is working it's way through a b-wave retracement and may get slightly higher before resuming it's downtrend towards $834 with a chance of tagging $753.
Best to all,
Chris
Bitcoin Slows Down At 70k As Nvidia Keeps ConsolidatingHey guys,
Cryptos are bullish no doubt, but I am just wondering if 70k on bitcoin, will be strong resistance in the short-term, now when NVIDIA is coming down a bit. I see nice support for NVIDIA near 800. Not sure if we will see this level, but it looks like that correction on stock is not finished yet, so possibly there will be a delay on new break higher on cryptos if stocks would really pull back for end of the month and end of the quarter flows. Also, dont forget on the Easter holidays which can certainly have an impact on the markets.
Let me know if you like the video please in the comments below, or what you want me to cover in next updates.
Thx,
Grega
XRPUSD vs. NVIDIA ( This is RIPPLE year) XRPUSD vs. NVIDIA ( This is RIPPLE year)
see >>1-2-3-4-5-6 points
History Repeating...
CRYPTOCAP:XRP / NASDAQ:NVDA
2017> xrp year
2024 > will be xrp year
XRPUSD/NVDA 1w cycle chart (fractal)
check the buy zones (grey boxes)
GMMA oscillator
NVDA/USD chart
Also check Detailed XRP Analysis
$NVIDIA-28th March-Long IdeaNVIDIA at current levels offers a good long/buy opportunity based on just technicals.
Novo Nordisk's Leap into the AI Future: With NVIDIA PartnershipIn the ever-evolving landscape of technological innovation, a new wave of AI computers is poised to revolutionize computation as we know it. With processors designed specifically for AI programs, these machines unlock a realm of possibilities for individuals, governments, and scientific organizations alike. At the forefront of this transformative wave is Danish healthcare giant Novo Nordisk ( NYSE:NVO ), spearheading a groundbreaking initiative in collaboration with tech titan NVIDIA.
The convergence of AI and healthcare represents a monumental leap forward in the quest for optimized diagnostics, treatment, and research. Recognizing the pivotal role of AI in reshaping the future of healthcare, Novo Nordisk has embarked on a visionary journey by establishing an AI Innovation Center in Denmark. In partnership with the Export and Investment Fund of Denmark (EIFO) and NVIDIA, Novo Nordisk is set to harness the power of AI to propel research and development in healthcare, life science, and quantum computing to unprecedented heights.
Central to this ambitious endeavor is the Gefion supercomputer, poised to serve as the beating heart of Denmark's AI Innovation Center. Powered by NVIDIA's state-of-the-art H100 Tensor Core GPU, purpose-built for large-scale computing tasks, Gefion is poised to unlock new frontiers in computational prowess. With an initial investment of €80 million from the Novo Nordisk Foundation and an additional €8 million from EIFO, Gefion is slated to be one of the most powerful computers in the world, equipped to tackle complex challenges such as protein structure prediction with unparalleled precision.
The significance of this collaboration extends beyond mere computational power; it represents a paradigm shift in the integration of AI into the fabric of research and development. By leveraging purpose-built AI chips, organizations can transcend the limitations of traditional computing, unlocking new realms of possibility in data analysis, pattern recognition, and workload management. As NVIDIA unveils the groundbreaking Blackwell chip, heralded as the world's most powerful AI chip, the stage is set for a new era of innovation and discovery.
However, the pursuit of AI-driven solutions is not without its challenges. The exponential growth of AI techniques necessitates substantial resources and computational power, placing a premium on investment in AI computing infrastructure and application development. As organizations vie for supremacy in the burgeoning AI landscape, the race to deliver transformative solutions is intensifying, with Novo Nordisk and NVIDIA poised to lead the charge.
As the Gefion supercomputer nears completion and the promise of AI-driven healthcare innovation looms on the horizon, the world watches with bated breath. With each milestone achieved, the boundaries of what is possible in healthcare are pushed ever further, ushering in a new era of possibility, progress, and promise. In the realm of AI-driven healthcare, the future is not just bright—it's transformative.
NVDA: Nvidia Corp: last stages of its BULL runNvidia is in its last stages of its 5 year BULL PHASE!
Don't become a 'forced Long term Investor' by entering now.
Note: This is a Relative Momentum chart of #NVDA w.r.t. #SPX
#USmarkets
#SPX
SPX 5300 NEXT ?REASONS WHY !!
The S&P 500 (SPX) has been a barometer of the U.S. economy and a benchmark for global equity markets. Here are some reasons why we believe it could reach the 5300 mark:
Economic Recovery: The U.S. economy is showing signs of robust recovery from the pandemic-induced recession. This recovery is expected to drive corporate earnings growth, which is a key driver of stock prices.
Monetary Policy: The Federal Reserve’s accommodative monetary policy, including low interest rates, is likely to continue supporting the equity market. Low interest rates make stocks more attractive compared to other assets like bonds.
Fiscal Stimulus: Government spending and fiscal stimulus measures aimed at reviving the economy could provide a significant boost to various sectors, driving their stock prices up.
Technological Advancements: Companies in the technology sector, which have a significant weight in the S&P 500, continue to innovate and grow. This growth can have a positive impact on the overall index.
Vaccine Rollout: The successful rollout of COVID-19 vaccines is expected to lead to a strong economic rebound, as businesses reopen and consumers start spending again.
Inflation Expectations: Moderate inflation can be good for stocks. It often leads to higher prices for goods and services, which can translate into higher corporate profits.
Nvidia Big Test Coming UpNvidia has been retracting some of it's monstrous gains lately. To stay below the $946 area brings $813 into view as the next downside target. A sustained break of $946 should deliver a new high...however, this pattern higher looks very corrective.
I favor $813 before new highs.
Best to all,
Chris
🚀 SoundHound & NVIDIA's B200 Chip: Hold My Beer 🍻Buckle up, buttercup! Word on the street is SoundHound AI is about to drop some serious digits on us about their hands on the B200 AI chip, made with NVIDIA's magic dust.
The Playbook:
Morning Moves: Eyes on the prize at $7.01. If it rockets in the first 20min, I want to buy it. If not, might be a dud. Could nosedive to $6.
Whale Watching: Big fish were nibbling in the $3's pre-NVIDIA bombshell.
Insider Intel: Their director offloaded 100k at $7.12, still clutching 258k. Hmmm.
Stats for Nerds:
195M shares floating around.
108M trading hands on the average lately.
If they file an S-1 then pull the RIP cord
Why This Is Hotter Than Your Morning Coffee:
Brain Meets Brawn: SoundHound's been cooking up something with NVIDIA, and it ain't your grandma's AI chip. This thing's supposed to have more muscle than a gym bro in January.
Tech Tsunami: If the rumors pan out, we're talking about a tech quake that'll ripple through industries like a meme on Twitter. Fasten your seatbelts; it's gonna be a wild ride.
The Gist: Keep your eyes peeled. This ain't just another tech blip on your radar. It's the kind of news that gets our degenerate hearts racing and might just redefine the AI game.
Later, nerds.
