NVDA Analysis – Watching Key Levels! Hello Folks
Alright, here’s what I’m seeing on NVDA. We’re still bullish for now, but I’ve marked the level where things could shift if it breaks.
First Entry: Around $140, expecting support to hold and price to bounce.
Second Entry: If price breaks $151, I’ll look to add at $148 after a retest for continuation.
Targets :
TP1: $151.69
TP2: $162.66
Stops below $136, keeping it tight in case the CHOCH level breaks and we start heading lower.
For now, the setup looks solid. Let’s see if $140 holds, or if we dip lower before the next move.
What’s your thought, folks?
Nvidia
Short time, target 138Following daily chart.
I am posting a couple of hours before earning.
First, I don't believe the earnings will be good enough to push the price more. Also, I am following 3 different power indicators, which all gave me a short signal.
In this case, I want to use 2 different Fibonacci levels for the target, The first one is a long run from august, the other one is a short run, and both targets are around 137 for me.
TP 138
SL 147 - stop under 147 candle close.
Btw I see the same pattern in Amazon and SPX, so I am short in both 3 of them.
NVIDIA Q3 earnings exceed expectations, but stock price falls
Nvidia's third-quarter earnings surpassed market expectations. The EPS stood at 81 cents, notably higher than the market consensus of 75 cents. Total sales reached almost $35 billion, exceeding the forecast of $33 billion. This impressive performance was highlighted by a remarkable 94% increase in total sales compared to last year's period, alongside a robust 106% surge in net profit.
Despite delivering a solid third-quarter performance, Nvidia's stock price took a hit. This drop occurred as the company's fourth-quarter sales guidance fell short of Wall Street's elevated expectations. The market had projected Nvidia's fourth-quarter sales to reach $37.5 billion, but the company revealed that it would instead be at $37.1 billion.
NVDA has fallen slightly since the earnings announcement and remains around 146.00. However, the price still remains within the ascending channel, indicating momentum. If NVDA sustains an uptrend within the channel, the price may gain upward momentum toward the 150.00 high. Conversely, if NVDA breaks below the channel’s lower bound, the price may fall further to 138.30.
NVDIA - Arguments For BullsMedianlines (Pitchforks) do not forecast.
They PROJECT the most probable path of price.
At each moment in time, a "Medianline/Pitchfork Analyst" can relay on the rules and the framework they provide.
In this case I see the following arguments for a continuation to the upside:
- price is above the Center-Line
- price did test the CL two times and hold
- price was attempted to test the CL a third time, but was even too strong to reach it, and is now in this very momentum to the upside
- when price trades towards a Medain-Line but can't reach it, it's a sign that price will continue the direction it had before (up in this case). The next Target is the "next" Medianline, which is the U-MLH (Upper-Medianline-Parallel)
- price broke the blue-dashed A/R line to the upside
All said, we have to keep in mind that there is also a opposite side of the Coin. I will provide another Chart Analysis with "Arguments For Bears".
What happened? $Nvidia surged nearly 5%!!!!Reason1: Cooling of Blackwell overheating issues boosts confidence.
Concerns about overheating in Nvidia's latest high-end chip, Blackwell, had been widely discussed. However, multiple authoritative analysis firms and Nvidia's CEO Jensen Huang confirmed that these issues have been resolved. Industry analysts noted that such problems have been effectively mitigated, with negligible impact on chip performance and supply cadence. This clear positive signal has instilled confidence in investors regarding Blackwell’s stability and market prospects.
Reason2: Technological advancements raise expectations.
As Nvidia's most advanced chip to date, the complete resolution of design issues marks its research and production entering a mature phase. Coupled with its powerful computing capabilities and potential applications in AI and data centers, market expectations for the product's profitability have significantly increased, serving as a key driver of Nvidia's stock surge.
Reason3: Professional analysis alleviates concerns.
Semiconductor analysis firm-Semianalysis indicated that the supply chain adjustments related to the overheating issue were merely "minor modifications" with almost no effect on the chip's actual performance. This analysis helped the market move past excessive worries about Blackwell’s overheating issues, laying the groundwork for Nvidia to regain investor trust in the short term.
Reason4: Stock price retraces to strong support levels.
From a technical analysis perspective, the stock price moving in a bullish channel, recently retracing to an upward trend line and the 0.236 Fibonacci support level. This support has triggered a rise, indicating that previous movements were merely weak short-term corrections.
Under the combined influence of these favorable factors, Nvidia's stock jumped nearly 5% in a single day, not only boosting its own valuation but also uplifting the tech sector and the broader market. However, whether this upward trend can continue in the short term will depend on today's earnings report. For specific operational strategies, please refer to my last post : "NVIDIA Earnings Preview: Strategy Notes for Q3 Report."
NVDA earnings 11/20NVDA cycle target 225 , but it has run a lot and is in the 3rd cycle without a major pullback.
Congestion zone 137/153
Above 153 move is 165/181
Below 137 move is 133-121/116
This is still a range bound move and coming days it needs to decide power over 153 or puke below 121.
If straight run towards 225 without any major pullback , in coming year , I would look for some good correction in overall markets
The Future of AI Operations: MLOps and NVIDIA's VisionMLOps: Transforming AI into Scalable Enterprise Solutions
In today’s fast-evolving technological landscape, MLOps (Machine Learning Operations) has emerged as a vital discipline for businesses striving to scale AI solutions effectively. This burgeoning field combines machine learning, DevOps, and data engineering to streamline the development, deployment, monitoring, and management of machine learning models in production.
While MLOps was initially shaped by generalized practices, industry leaders like NVIDIA have taken this framework to new heights, integrating it with cutting-edge hardware and software to drive enterprise AI innovation. Here's a comprehensive look at MLOps and how NVIDIA has helped businesses unlock the true potential of AI. As NVIDIA NASDAQ:NVDA prepares to release its third-quarter earnings, with estimates of $0.74 per share and $32.81 billion in revenue, its dominance in AI and MLOps underscores the strategic importance of these technologies in today’s digital economy.
What Is MLOps?
At its core, MLOps is a set of best practices, tools, and methodologies designed to operationalize machine learning models, ensuring they remain reliable, scalable, and effective in dynamic environments. It builds on the principles of DevOps, extending them to include data scientists and machine learning engineers, ensuring seamless collaboration across teams.
MLOps enables businesses to:
1. Automate repetitive processes such as model training, deployment, and monitoring.
2. Ensure reproducibility of experiments and results.
3. Scale AI solutions as businesses grow.
4. Continuously monitor and refine models to prevent performance degradation over time.
Core Components of MLOps
1. Data Pipeline Management:
- Automating data collection, cleaning, and preprocessing.
- Managing real-time data streams for dynamic model training.
2. Model Development and Experimentation:
- Providing tools for tracking experiments, version control, and reproducibility.
- Allowing iterative experimentation to optimize models for specific tasks.
3. Model Deployment:
- Deploying models into production environments using containers (e.g., Kubernetes, Docker).
- Supporting diverse deployment scenarios, including real-time inference and edge computing.
4. Monitoring and Maintenance:
- Continuously monitoring model performance for accuracy, latency, and resource efficiency.
- Automating retraining pipelines to adapt to changes in data or operational requirements.
5. Scalability and Governance:
- Enabling enterprises to scale AI solutions across large datasets and infrastructures.
- Ensuring compliance with industry standards and ethical AI guidelines.
Here's a practical pie chart showing the distribution of effort across key stages in the MLOps workflow: Data Collection, Model Training, Model Deployment, and Monitoring.
MLOps in Action: The NVIDIA Story
As one of the pioneers in AI and GPU-based computing, NVIDIA has played a transformative role in advancing MLOps, enabling businesses to scale and operationalize AI solutions with unprecedented efficiency. By providing a robust ecosystem of hardware, software, and services, NVIDIA has set a gold standard for MLOps in enterprise AI.
1. NVIDIA’s AI Infrastructure:
NVIDIA’s DGX Systems and DGX SuperPODs deliver the computational power needed to train and deploy complex AI models. These GPU clusters provide unmatched scalability, making them ideal for handling large datasets and real-time AI workloads.
Example: The DGX BasePOD architecture allows organizations to create powerful GPU clusters optimized for AI development and deployment.
2. NVIDIA AI Enterprise Suite:
The NVIDIA AI Enterprise platform includes tools like:
- Triton Inference Server for efficient model deployment.
- TAO Toolkit for fine-tuning pre-trained models with minimal coding.
- RAPIDS for accelerating data science workflows.
These tools simplify the end-to-end AI lifecycle, ensuring businesses can deploy and manage AI models with ease.
3. Real-World Use Cases:
- Retail Optimization: A major retailer used MLOps capabilities in a public cloud powered by NVIDIA GPUs to create an AI service that reduced food waste by 8-9%. By forecasting when to restock shelves, the retailer optimized inventory management and minimized spoilage.
- Predictive Maintenance: A PC manufacturer utilized NVIDIA’s AI infrastructure to predict laptop maintenance needs, enabling proactive updates and reducing downtime for customers.
Scaling MLOps with NVIDIA and Cloud Providers
NVIDIA has partnered with major cloud providers to integrate MLOps capabilities into their platforms:
- AWS SageMaker: Accelerates machine learning workflows with NVIDIA GPUs, enabling automated model training and deployment.
- Google NASDAQ:GOOGL Vertex AI: Leverages NVIDIA GPUs for seamless scaling and orchestration of AI models.
- Azure Machine Learning: Offers NVIDIA-optimized infrastructure for developing responsible AI solutions.
- Alibaba NYSE:BABA Cloud and Oracle Cloud: Provide NVIDIA-powered platforms for quick experimentation and deployment of machine learning projects.
These integrations allow businesses to choose flexible, cloud-based solutions for their AI needs, reducing operational overhead while ensuring performance and scalability.
Here's a bar chart illustrating the resource allocation in AI infrastructure across Compute Resources, Storage, Networking, and Software Tools.
Why NVIDIA Excels in MLOps
1. Industry-Leading Hardware: NVIDIA’s GPUs are designed for high-performance AI workloads, enabling rapid training and inference.
2. End-to-End Solutions: From infrastructure to software tools, NVIDIA offers a comprehensive ecosystem for MLOps.
3. Focus on Standards: NVIDIA’s collaboration with the AI Infrastructure Alliance (AIIA) helps set industry standards and best practices for MLOps.
4. Support for Open-Source Tools: NVIDIA works with open-source platforms like Kubeflow and ClearML, ensuring flexibility for developers and engineers.
With a revenue estimate of $32.81 billion for Q3, NVIDIA’s financial success reflects its role in pioneering AI infrastructure and MLOps solutions. Its offerings, like DGX systems and AI Enterprise, continue to dominate the enterprise AI landscape
MLOps: The Future of AI in Business
The rapid adoption of AI across industries underscores the importance of robust MLOps frameworks. With NVIDIA’s contributions, enterprises can now manage the full lifecycle of AI development, from data collection to model deployment, with confidence and efficiency.
Whether it’s optimizing retail operations, predicting maintenance, or developing cutting-edge applications, MLOps ensures that AI becomes a seamless part of an organization’s digital ecosystem. Thanks to pioneers like NVIDIA, the vision of scalable, reliable, and impactful AI is now a reality.
Final Thoughts
MLOps is more than just a framework—it’s a paradigm shift in how businesses approach AI. By leveraging NVIDIA’s advanced tools, infrastructure, and partnerships, organizations can achieve unparalleled efficiency, scalability, and innovation in their AI endeavors. The journey from experimentation to enterprise-ready AI has never been more accessible or powerful.
As NVIDIA announces its Q3 results, the company’s vision for the future of AI operations becomes even more critical. The expected revenue of $32.81 billion underscores how integral MLOps and AI are to the company's continued growth and innovation.
The chart visualizations in this article were created using the TradingView platform, a leading solution for market analysis and charting. Special thanks to TradingView for providing an exceptional platform that supports traders and analysts worldwide.
NVIDIA Earnings Preview: Strategy Notes for Q3 ReportPre-Earnings Strategy: First things first—know the key numbers and the market expectations. But keep in mind, NVIDIA’s revenue recognition can get tricky, so don’t be surprised by unpredictable results. This is why a solid strategy, proper positioning, and downside protection are essential going into the report.
1. Core Numbers & Expectations
Where do Buy-Side Expectations Come From? NVIDIA has been beating guidance by around $2 billion each quarter and then raising guidance by another $2 billion (last quarter they raised it by $2.5 billion).
For Q3, the guidance given in Q2 was $32.5B. Based on the trend, buy-side expectation bumps that up by another SEED_TVCODER77_ETHBTCDATA:2B , so the real expectation for Q3 is $34.5B.
Looking ahead to Q4, buy-side is expecting GETTEX:39B (Q3 actual $34.5B + $2.5B + another SEED_TVCODER77_ETHBTCDATA:2B ). To make the buy-side comfortable with this, the Q4 guide needs to come in at least at $38B (realistically, even FWB:37B could suffice).
Key Takeaway for a Big Beat: Q3 revenue needs to hit $34.5B, and Q4 guidance should be at $38B, with Blackwell contributing over SEED_TVCODER77_ETHBTCDATA:5B in Q4.
2. What the Analysts Think
This is a mega-cap stock, so pretty much every sell-side analyst has a report. But let’s just focus on the key voices from Goldman (Hari), UBS (Arcuri), and Morgan Stanley (Moore), aka the “HAM Trio.”
For Q3:
Moore: Bearish—expects $32.5B
Hari & Arcuri: Neutral-Bullish—expect around $34.3B
For Q4 Guidance:
Moore: Bearish—expects $35.3B
Hari: Bullish—expects $39.2B
Arcuri: Bullish—expects $38.9B
3. Q4 Blackwell Revenue Breakdown
Management previously mentioned Q4 Blackwell revenue could be “several billion.” If it’s $2-3B, that’s below expectations. $5-6B would be a strong beat.
Moore: Expects $5-6B (bullish on Blackwell)
Arcuri: Expects only SEED_TVCODER77_ETHBTCDATA:3B (more conservative)
4. Summary of Analyst Divergence
There’s a clear split among the top analysts, particularly around the Q4 guidance. This divergence sets up potential volatility.
5. Trading Strategy
1. Pre-Earnings Positioning: If the stock dips ahead of earnings, consider adding to the position. If there’s a rally, trim some to lock in profits.
2. Post-Earnings Reaction: If it tanks, be ready to add more, since Q1 of FY25 is expected to be a breakout quarter.
3. Hedging with Options: Use options to protect existing stock positions—don’t go into earnings unhedged.
Implied Move Post-Earnings:
The options market is pricing in about a 9% move, which puts the stock between $128-$153 (current price is around $141).
Options Strategies
Bullish Play (Betting on a Big Rally): Buy calls, but keep it small—treat it as a high-risk, high-reward play. If it goes to zero, it won’t hurt too much.
Lower-Cost Bullish Play: Consider a call spread (buy a lower strike call, sell a higher strike call). This caps your upside but reduces the cost.
Protecting Existing Long Stock Positions: Use covered calls. If the stock tanks, you get some downside protection from the premium. If it rallies, you still make money up to the strike price, plus the premium collected. The downside is losing the stock if it gets called away above the strike.
Want to Buy the Dip After Earnings? Sell puts. If the stock drops, you get assigned shares at a lower price and keep the premium. If it rallies, you pocket the premium.
The key is whether it can be supported and rise near 137.39
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a good day today.
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(NVDA 1W chart)
This is the stock with the highest trading volume among NAS100 stocks.
It showed a downward trend near 1 (150.20), which was expected to be touched.
Accordingly, the key is whether it can maintain the price by rising above 141.98.
If not, it is possible that it will fall to around 123.54.
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(1D chart)
The key is whether it can receive support near 137.39 and rise above the MS-Signal (M-Signal on the 1D chart) indicator.
Accordingly, it is expected to continue the upward trend if it rises above 0.886 (143.44).
If not, if it falls below 137.39, it is likely to fall near the M-Signal indicator on the 1W chart.
-
Have a good time.
Thank you.
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NVIDIA's Price Action: The Strat Analysis & Key Levels (4-Hour)Candlestick Patterns:
The chart shows 4-hour candlestick patterns with colors corresponding to price movement:
- green fill and green outline indicates price closed above candle open price
- green fill and red outline indicates price closed below candle open price
- red fill and green outline indicates price went below previous candle low but closed above current candle open
- red fill and red outline indicates price closed below previous candle and current candle low
- yellow is the color for a consolidated candle (aka "1" or inside bar)
- blue is the color for the "3" candle that went above and below previous' candle high and low
The numbers "1," "2," and "3" likely represent The Strat methodology, a popular trading framework:
1 (Inside Bar): Price action is contained within the previous candle's range.
2 (Directional Bar): Price breaks either high or low of the previous candle.
3 (Broadening Formation): Price takes out both the high and low of the previous candle.
Support and Resistance Zones:
Multiple horizontal lines represent key support and resistance levels:
- Yellow lines indicate historical highs/lows or significant levels (e.g., "Previous All-Time High Zone").
- Red and blue lines mark specific levels like the "Open WK" or "ABR1 Upper,"
- Labels such as "High of Day," "Previous Weekly High," and "Previous Daily Low" provide context for recent price action.
Broadening Formations:
- Diagonal white lines identify broadening formations, consistent with "The Strat." These formations reflect expanding ranges, suggesting increased volatility or market indecision.
Key Dates and Events:
- Specific dates and times, such as "4hr Mon, Nov 11 @ 1:30 pm," appear next to significant price levels, helping to pinpoint areas where the stock reacted strongly.
Indicators:
- ATR (Average True Range) and DTR (Daily True Range) values are shown at the bottom right:
- ATR: 4.58 — Indicates the average price movement range over a period.
- DTR: 5.16 — Suggests the range within the day (113% implies higher-than-average volatility).
Directional Signals:
- Green and red arrows identify potential buy and sell signals based on the methodology applied, likely aligned with price action breakouts or reversals.
Analysis:
- Trend: The stock has moved from consolidation (inside bars and 2s) to a broader upward trend with several green directional bars (2-ups). However, recent candles show retracement and potential consolidation.
Key Levels to Watch:
- Resistance: $148.68 ("Open WK") and $149.77 ("Previous Weekly High").
- Support: $140.08 and $137.33 ("Low of Day, Tuesday, Nov 5").
- Volatility: Broadening formations and ATR/DTR metrics suggest significant volatility in the price action.
Potential Trading Setups:
- Look for directional moves off major levels (e.g., $148.68 and $140.08).
- Monitor broadening formation boundaries for potential reversals or breakouts.
NVDA NVIDIA Corporation Options Ahead of EarningsIf you haven`t bought the dip recently:
Now analyzing the options chain and the chart patterns of NVDA NVIDIA Corporation prior to the earnings report this week,
I would consider purchasing the 150usd strike price Calls with
an expiration date of 2024-11-22,
for a premium of approximately $3.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NVDA Approaching Key Support Levels: Potential Pullback AheadFor NVIDIA (NVDA), heading into Monday, 11/18, the key support level to watch is $140.31. If the price breaks below this level, it could signal further downside, with the next significant support zone around $133.46. This would be a critical area for bulls to defend in order to prevent a deeper correction.
On the technical side, NVDA's recent price action suggests overbought conditions, as indicated by various momentum indicators such as the RSI and possibly the MACD nearing a bearish crossover. This setup raises the likelihood of a pullback or a consolidation phase as traders lock in profits or await fresh catalysts.
$NEAR OUTLOOK AI project NEAR looks to breakout of an important mini range that has been holding it down since mid June.
This important S/R level @ ~$5.50 is key for the LTF with a bearish OB, a move above would mean a new higher high after a higher low therefor confirming a daily bullish structure continuation. The chart shows the next bearish OB expected resistance levels @ $6.30 and $7.40.
In the HTF this S/R level at 0.25 reclaim would mean a move to the charts midpoint @ $10.50 as the next target. NEAR is currently above the daily support and the macro bias is definitely now bullish.
For me both TA and FA look good to go and with NASDAQ:NVDA have their earnings for Q3 on the 20th November, AI projects will be in the spotlight in the next few weeks.
Nvidia Q325 Earnings Preview - What traders need to knowWhile so much attention from equity and index traders has recently been on US election trades and the flow-on effect into markets from Trump 2.0, attention now switches towards Nvidia and the volatility that is expected from its Q325 earnings.
As many who have traded Nvidia’s prior earnings will attest, earnings are historically where big moves play out on the day, with the AI-giant influencing sentiment towards the broader semiconductor space, as well having a big effect on the NAS100 and S&P500.
Key timings:
Nvidia report after-market on 20 November (20 Nov at 21:20 GMT / 21 Nov 08:20 AEDT)
Nvidia options imply another big move on earnings
While pricing is dynamic and may well change by Wednesday, Nvidia options currently imply an -/+8% move on the day of earnings. This is clearly a punchy implied move for any stock, let alone one with a $3.6t market cap.
Guiding expectations for the implied move is the form guide, where we can see that Nvidia has seen average (absolute) moves on the day of reporting quarterly earnings of 9.3%.
Such elevated levels of expected movement can be a drawcard for traders who are attracted to sizeable intraday moves in equity and want the liquidity that is seen in Nvidia’s order book.
However, large implied moves are also a major consideration for one’s risk management and when assessing position sizing and the distance to the stop loss.
Reviewing consensus market expectations
The extent of the rally/sell-off is typically a function of the outcome of earnings, and the guidance for the following reporting quarter, relative to market expectations and positioning.
For this reporting quarter (Q325), the analysts’ consensus expectations (shown below) are largely in line with the guidance Nvidia provided in the prior Q225 earnings report (seen on 28 August).
For example, we see expectations for Nvidia’s group revenue at $33.08b, just 2% above the guidance provided in the Q225 earnings. The market then expects guidance for the next reporting quarter (Q425) of $36.77b, representing a potential increase of 11% q/q, with the data centres segment representing the large percentage of those sales.
Nvidia has such an incredible pedigree in beating their own guidance (and consensus expectations) on sales and earnings that traders have become conditioned to blockbuster numbers, which always beat – subsequently, market participants historically position for better-than-expected numbers and that raises the bar even further.
Reduced expectations for a significant beat to consensus expectations
In this earnings report, expectations are set lower than in past reports, and forecasts from analysts and investor positioning sit at the lowest premium to prior company guidance for many years. In theory, this newfound confidence to model and forecast sales, margins and earnings suggests the real potential for Nvidia to deliver an upside surprise, which could promote a significant move in the share price.
Of course, the company guidance for the following reporting quarter (i.e. Q425) will also determine the extent of move in Nvidia’s share price on the day. The market lives in the future, so the collective will want new intel that suggests that sales growth is not just on track but could be higher than consensus forecasts.
Focus will also fall on CEO Jensen Huang views in the post earnings call, where he’ll offer his take on how the business is tracking, the rollout of Blackwell and other GPUs and new developments in the pipeline. Huang will no doubt be incredibly positive and upbeat, and there are few CEO’s who know how to hit the right notes with investors.
The market wants clarity on the direction of margins
Q325 gross margins are expected to drop to 75.01% and are expected to continue falling towards 73% over the next two quarters. These are still obviously incredibly healthy margins for any business, but the market is now well conditioned to such impressive margins that the investment case resides on its ability to sustain these margins and offset any deterioration with increased volumes.
The jury is out on whether margins are in longer-term decline or due to rise once again.
A more stringent regulatory response is a potential landmine and one that is hard to model. Competition is also likely to increase, which could impact margins as the AI giant may need to become more competitive in its pricing.
Conversely, the supply constraints that have held sales of Blackwell GPUs back will soon ease and should result in stronger sales growth in the quarters ahead. It could also see margins pushing back towards 75% in the Q226 results.
Either way, the fact Nvidia currently trades at ATHs, despite greater attention on US election expressions, shows the broad collective still love the story and view Nvidia as the best-in-class AI/semi play.
Put Nvidia 24-hour CFD on the radar
Traders can pre-position for Nvidia’s earnings and react dynamically to the news or the price action through Pepperstone’s Nvidia 24-hour CFDs. 24-hour CFDs offer around-the-clock pricing (5 days a week) for traders to take a position and manage exposures before, through and after Nvidia’s earnings.
NVIDIA (NVDA): Targeting $166 amid AI momentumNVIDIA continues to dominate the AI and computing landscape, with a significant development in Japan: SoftBank’s telecom unit will soon receive Nvidia’s advanced Blackwell chip design for its supercomputers. The upcoming earnings report on November 20 is critical in sustaining NVIDIA’s exceptional growth trajectory.
CEO Jensen Huang’s company has projected third-quarter revenue of approximately $32.5 billion, propelled by substantial demand for Hopper and Blackwell GPUs. These GPUs are crucial for strengthening NVIDIA’s data center segment, which currently operates with an impressive 68% margin. Priced between $30,000 and $40,000, Blackwell chips are already seeing high demand, with production scaling in Q4 2024.
From a technical perspective, NASDAQ:NVDA still has room to grow, with a targeted area of $166 or higher in the short term. We are closely monitoring the stock for either a move into this target or a shift in market structure that could change the outlook.
Stay tuned for updates as we approach the earnings call and as NVIDIA continues to set new milestones in the tech space.
MAGS - Roundhill Magnificent Seven ETF is FLYING! UPDATE!I told you over a month ago IT WAS TIME TO BUY! Did you take me seriously? How about now?
Watch the detailed forecast I posted for viewers Oct 2, 2024.
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NVIDIA shooting up- Trump Presidency favouring to upside to $200Markets are loving the election results so far.
And it looks like it's been pricing in upside and a rally for some time now. Starting in Early October.
So, technically AI stocks are showing all time highs on it's way with the markets.
First the price broke above the W Formation (Breakout pattern)
Second, Price> 20 and 200
Third, any American company that is in Crypto or AI has the upper hand for investors right now with Trumps idea of keeping everything American by increasing tariffs worldwide (especially in China of over 60%).
He is inviting more local manufuacturers and businesses to excel within America.
So target for Nvidia will be set first to $200
Elliott Wave View Expects NVDA (Nvidia)To Extend HigherShort Term Elliott Wave View in NVDA (Nvidia) suggests further upside in daily bullish sequence. It is trading in bullish weekly sequence at all time high and expect continuation against August-2024 low. In 4-Hour, it placed (1) at $131.26 high and (2) correction at $100.95 low. Above there, it favors upside in (3) of impulse sequence. It placed 1 of (3) at $120.79 high, 2 at $112.78 low, 3 at $144.50 high and 4 at $132.11 low. Currently, it favors upside in 5 of (3) from 31-October low and expect one more push higher to finish it, while dips remain above $143.57 low.
Above $132.11 low, it placed ((i)) of 5 at $139.99 high, ((ii)) at $135.35 low, ((iii)) at $149.95 high and ((iv)) at 143.57 low as double correction. Within ((iv)), it placed (w) at $146.26 low, (x) at $148.85 high and (y) as ((iv)) ended at $143.57 low. Above ((iv)) low, it favors pullback in (ii), while placed (i) at $146.49 high and expect continuation in ((v)), which confirm above $149.95 high. It expects ((v)) to extend towards $151.47 – $153.90 area as minimum extension to finish (3) started from 6-September low. Alternatively, if it breaks below $143.57 low, it should extend ((iv)) before resuming higher in ((v)) to finish (3). Later, it should pullback in (4) in 3, 7 or 11 swings sequence and buyers expect to enter again from extreme areas to resume daily bullish sequence. Alternatively, if it extends higher and erase the momentum divergence, then it should turn out to be nest in (3) and see more upside.
Nvidia Daily UpdateNvidia Daily Update – We’ve broken out of a triangle pattern, and now the market is pulling back. If we see a breakout from the top of this pullback, it could present a strong entry point. My projected target for this move is the green level. Let’s keep a close watch on this setup!