good sign for a shortthe price has formed two tops. The second peak below the first is a good sign for a short. What do you think?
Nvidia
Drop to 270? what do you think?the upward movement has weakened. perhaps a smaller correction, but I expect a drop to 270. what do you think?
Intel FOMO - Overseas Supply - Made in America STORYTELLINGTurnaround stories can be polarizing investments -- some see the long-term potential while others see a business full of problems to overcome. HOWEVER, an OVERSEAS SUPPLY CHAIN makes it take longer and cost more money than originally thought. As with ANY company. The supply disruption is PERMANENT. If there is no actionable PLAN B......
The highest Intel ever spent in a single year has been $16 billion. They are expecting it to go up beyond 2022. They're expecting this turnaround to be very expensive. .... because SPEND SPEND SPEND.....
They don't make what they need to in America. Like most US companies that have taken advantage of OVERSEAS PROFITS (ie. Apple, Amazon), they have no other opportunities to build what they need, where they need to. Supply Supply Supply.
Stuck in the ocean & ports like EVERYTHING else from the OLD ECONOMY.
I'm a fan of SOFTWARE. #cannabisreform software. $KERN
Looking forward to the Republican led "States Reform Act" on Monday.
GL all
Go Biden's "BUY AMERICAN ACT". Time to generate US MANUFACTURING & SALES in country. What a thought.... lol
PS. JUST BE SURE THE COMPANIES YOU INVEST IN CAN ACTUALLY MAKE THEIR PRODUCTS IN AMERICA SHOULD THEY SHIFT THEIR MANUFACTURING...... yikes
NVIDIA targets 1 and 2the price went up for too long. I expect a strong correction to targets 1 and 2. reaching target 2 will be more difficult.
Double Top?
A double top looms on the chart. the price went up for a long time and now it looks like it wants to take a breath. What do you think?
waiting for a correctionAMD went up for a long time, forming new highs. Now the price needs to gain strength for a new rise, so I am waiting for a correction and a rebound from the level..
ESports - Value Investing - DraftKings Competitor - Metaverse Gaming stocks are great. Gaming #stonks like $DKNG not so much. Valuation matters most in *rising rates environment. #valueinvesting wins next decade.
#cannabisreform is #thefuture
$KERN #thegem
CANNABIS COMPLIANCE SOFTWARE
GL
$NVDA | REQUESTED TAAfter an INSANE run today, Nvidia looks like it needs to cool down a bit. Going long at this region presents a lower risk/reward than I'd ideally like to take. Things to note are the extended MACD and 2.618% fib extension to potentially conclude wave 3.
Pullback into $255-270s would be ideal to build a base for the 5th wave higher!
NVDA (NVIDIA) long term countIt seems AI is beneficial
Very bullish on NVIDIA, we work the wave (3) now and there is still a long way to go
Short term target 5-800
NVIDIA (NVDA) bullish working wave 3Wave 3 of (3) completed, but still a long runway ahead it seems
Seems to continue the bulltrend well into 2022
Overbought maybeI know in this day and age a pullback is entirely unfathomable, but even during covid times we see rsi spike above 80 pre earnings then disappointment following consistently. Bulls and bears will be expecting this and therefore no buyers are coming in and momentum will drain.
NVDA shortEntry price: 263-265$
Target price: 236-238$
Stop loss: 265-267$
Fibonacci extensions: the price is approaching 1.618 level
RSI: over 80, therefore, the market is overbought
Conclusions: RSI suggests that trend reversal might occur in the near future. Moreover, the price is approaching Fib resistance level. Thus the short position is recommended with the stop loss above the resistance level.
no financial advice
$NVDA | WEEKLY WATCHLIST 11/1One of my better counts that I'll be watching develop. We have hit and rejected the 1.618 fib extension wave 3 target of $257.32. I anticipate some distribution to occur this week near this level before an ABC major wave 4 retracement takes place. This should take us anywhere between $226-242 (I know this is vague for now since not much clarity yet) and should expect a bounce somewhere in this price range. Once we can confirm all of this is correct thus far, I will then consider starting my long swing for the wave 5 target of $290-300. Patience is a must here and we will most likely be tracking this setup for 2-4 weeks.
INTRADAY! $AMD DAY TRADE PUTS? P'rice action near resistance in intraday trend.
P'T : 118 (Red Box)
Daily Chart
- Near ATH
- Overbought
NVIDIA repeating patternOkay, who left their algo running on repeat?
The yellow pattern is a literal copy/paste of the blue pattern, and it fits over the recent price movement almost exactly.
Dear Shepard, please lead me to my MoonLambo :D
(just a fun observation)
NVDA Update Target $240 then $250 TutorialHi...Chart is best viewed on a larger screen than a phone.
Please listen and read the notes and annotations on the chart.
There are a lot of trading point tid bits and how using the
markets own structure to take a position, if you really want to see.
Probably more than I can see...tell me what you see as well.
We can get smarter together.
Elliott Wave View: Bullish Move in Nvidia (NVDA) Should ExtendShort Term view in Nvidia (NVDA) suggests the rally from October 5 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 5, wave ((1)) ended at 213.22 and pullback in wave ((2)) ended at 204.33. Internal of wave ((2)) unfolded as a zigzag structure. Down from wave ((1)), wave (A) ended at 209.41 and wave (B) pullback ended at 212.99. Stock then resumes lower in wave (C) which ended at 204.26. This completed wave ((2)).
The stock has rallied higher in wave ((3)). Internal of wave ((3)) is unfolding as a 5 waves impulsive structure. Up from wave ((2)), wave (1) ended at 210.63 and pullback in wave (2) ended at 205.11. Stock has resumed higher in wave (3) towards 219.39, wave (4) ended at 216.44, and wave (5) of ((3)) should end soon. Afterwards, expect a pullback in wave ((4)) to correct cycle from October 11, 2011 low before the rally resumes in wave ((5)). Near term, as far as wave ((2)) pivot low at 204.26 stays intact, expect wave ((4)) pullback to find support in 3, 7, or 11 swing for further upside.
Nvidia Short Position Nvidia Short Position - Trend Analasys - High probability trade - 1:1 Risk to reward ratio - Whole Big Ting - Nvidia Corporation - Also based on previous market retracements - This is actually risky - Might Want to lower your TP target - Bye.
What's happening with NVIDIA stock? Boxes analysis.Hi everyone!
Today we take a look at spaceship of a stock NASDAQ:NVDA .
Nvidia stock has been booming since crypto market skyrocketed in 2016.
The company is overvalued from fundamental indicators viewpoint, but these kind of stocks seem to totally ignore the fundamentals.
Let us analyse the price movement using my favourite tools.
The orange trend channel is way too steep in my opinion and is unlikely to hold.
However, the stock seems to respect some key levels whcih are indicated on the chart.
My plan :
Check volume at the key levels.
Will consider starting a position at 178 if it holds with a decent bounce.
If we break 178, I expect the stock to meet the longer term grey trend line at 161. Then it is definitely a buy.
No FOMO.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
$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
NVIDIA may be entering an accumulation phaseSo far the 1D MA50 (blue trend-line) is supporting NVDA which has been inside a strong bullish trend since the March 2020 COVID crash. There is no better way to illustrate this than the Fibonacci Channel.
However there have time phase of accumulation where the price took a breather from the prior aggressive leg, trading around the 1D MA50 and rebounding only after it made contact with the 1D MA200 (orange trend-line). This has happened twice since March 2020 and the most recent accumulation phase has been September 2020 - March 2021.
If the 1D MA50 breaks, the stock may enter such a phase and initiate the next parabolic leg once contact is made with the 1D MA200. My thesis is to observe for that 1D MA50 break-out. If it comes wait until the ATH breaks ($230), in case there's no pull-back or the 1D MA200 before buying (which will be even better). As for the target, it appears that every Higher High within the Channel is +0.5 Fibonacci higher. Naturally the next one is at 2.5.
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$NVDA | WEEKLY WATCHLIST 9/20Watching the $209-214 for a dip buy that concludes wave 4. Looking for new all time highs to be made on the wave 5 move up. Waiting on the sidelines for that dip for now.
Goodluck!
