AlertNVDA stock just breaks out of a bullish flagThis week, Wall Street will focus on Nvidia's quarterly report as investors search for potential catalysts to rekindle the U.S. stock market recovery.
In addition to a 6% gain last week, the chipmaker's shares are up 6.66% so far on Monday ahead of Nvidia's quarterly report on Wednesday.
NVDA stock just broke out of a local bullish flag. Traders expect it reaches $500 in the short term.
The technical target of the pattern is just below $600!
Nvidia_analysis
NDVA Surges After JPMorgan's 'Massive Shift' in AII couldn't contain my excitement when I heard about the recent development that has sent shockwaves through the industry. Brace yourselves, as this news might be the golden opportunity we've been waiting for!
Just yesterday, JPMorgan, one of the world's leading financial institutions, made a groundbreaking announcement about a "massive shift" in its approach to artificial intelligence (AI). And guess whose stock soared to new heights as a result? You guessed it right! NVIDIA Corporation (NDVA)!
This remarkable turn of events has created a buzz in the market, and it's not hard to see why. JPMorgan's decision to embrace AI technology on such a grand scale indicates this sector's immense potential and profitability. With NDVA already being a key player in AI, it's no wonder their stock shot up like a rocket!
Now, you might wonder, "What's the next move, and how can I benefit from this exciting development?" Well, my friends, I firmly believe it's time to go long on NDVA! With JPMorgan's endorsement and the growing demand for AI solutions, we are looking at a potential goldmine here.
So, without further ado, let's seize this opportunity and take advantage of the momentum surrounding NDVA. By going long on this stock, we position ourselves to ride the wave of success that lies ahead. It's time to trust our instincts and make a move that could yield substantial returns.
As always, conducting thorough research and exercising sound judgment is crucial before making any investment decisions. However, given the recent news and the positive market sentiment, it's hard not to feel a surge of excitement about the prospects of NDVA.
So, my fellow traders, let's embark on this thrilling journey together and capitalize on the exciting developments in the AI sector. Please consider going long on NDVA and join me in embracing this opportunity.
Nvidia -> Is This The Top Formation?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside.
Looking at the weekly timeframe you can see that Nvidia is still a little bit overextended and we could certainly see a weekly retest of the 0.382 fibonacci level which is perfectly lining up with previous structure.
After Nvidia broke down of the rising channel a couple of days ago there was not a lot of bearish follow-through and also daily market structure is not bearish yet - I am simply waiting for a better situation on Nvidia to then look for a new trading opportunity.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
UPDATE: Nvidia on track to its target of $562.33As mentioned before, there was a large Cup and Handle that formed on the price chart.
We then had the price break up and out of the brim level, showing intense demand and buying.
We also have 7>21>200 MA - Bullish and RSI>50 (Bull zone).
The first anticipated target we set was a medium term one to $562.33
Nvidia continues to make higher highs and all time highs. And this will continue as long as people are feeling bullish and confident with the current AI, Machine learning, deep learning
and quantum computing developments on the rise.
ABOUT THE COMPANY
Founding:
Nvidia Corporation was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem.
Headquarters:
The company is headquartered in Santa Clara, California, USA, in the heart of Silicon Valley.
GPU Pioneer:
Nvidia is credited with inventing the Graphics Processing Unit (GPU) in 1999, revolutionizing the gaming industry by allowing for more complex visuals and 3
Industries:
While Nvidia is best known for its impact on video games, its GPUs are also used in areas like artificial intelligence, high performance computing, data centers, automotive technology, and more.
GeForce:
One of Nvidia's most well-known product lines is the GeForce series, which are GPUs designed for consumers, primarily for gaming and video editing.
Tegra Processors:
Nvidia also produces Tegra mobile processors for smartphones and tablets, as well as vehicle navigation and entertainment systems.
AI & Deep Learning:
Nvidia has made significant contributions to the fields of AI and deep learning, with their GPU architectures being used to accelerate these tasks.
Nvidia -> Slowing Down And Now?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside.
Also on the weekly timeframe you can see that we had a juicy inverted head and shoulders reversal pattern and I pointed out all the reasons why I do expect the upcoming pump of roughly 120% towards the upside.
Looking at the daily timeframe now you can see that Nvidia is a little bit overextended is also slowing down with momentum so there might be the possibility that we will see a short term correction after Nvidia actually breaks the current uptrend line.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NVDA - MyMI Option Plays - PUTsJust purchased some NVDA PUTs after it lose movement from this mornings push upward. I was seeing if it would cross that $430 Fib Retracement Level but it didn't even make it that far before showing signs of moment loss (for the moment).
So in that moment, I will be looking to snatch some profits going backward for a bit, potentially back to the $400s.
50% Retracement would show $390 but I'm being gracious with the $400 target for now.
Nvidia will be necessary to step out of the relatively high triaNvidia will be necessary to step out of the relatively high triangle
This chart shows the weekly candle chart of Nvidia shares over the past year. The graph overlays the high and low points of November 2021 and October 2022, along with the corresponding golden section. As shown in the figure, the high points of Nvidia shares last week and this week were suppressed by 1.382 of the golden section in the figure! Nvidia's stock has accelerated since the middle of May 2023, and obviously the bull momentum has been released! In the future, it will be necessary to step out of the relatively high triangle and organize it before continuing to exert upward force!
NVDA - MyMI Option Plays - PUTsNVDA hit resistance yet again at $394.97 so we closed our Calls this morning and captured some decent profits.
We have purchased some PUTs to carry us over the weekend for a cool-off period before the markets continue pushing forward if they even push much further than here.
We believe volume has leveled out across different stocks now after all the profit taken and NVDA and other Tech carrying the Markets higher.
Nvidia's runaway gap could keep it king of the NasdaqWhilst Meta platforms has closed the gap with Nvidia in terms of YTD performance on the Nasdaq 100, Nvidia remains king of the crop having climbed over 170% from its 2022 low.
Prices blew past their previous record high set in 2022, and since consolidated around the current cycle highs. An initial inspection of the higher timeframes suggests it could be 'overbought' - at least over the near-term. But to expect a solid reversal of gains would likely require the combination of a broader market downturn alongside loss of confidence in AI (with the latter feeling unlikely at present). Therefor, a broader market downturn could simply provide the catalyst for a pullback and for AI-bulls to load up at more favourable levels. And if a downturn does not occur? We could be looking at a breakout from its current consolidation.
Assuming the recent swing lows hold and prices break higher, it could trigger another bout of technical buying from those who identified the 'runaway gap'. Such gaps tend to appear around the midway point of a strong trend, and mark another round of strong buying as those who missed the first move cannot sit on their hands any longer. And with the AI frenzy unlikely to peter out for some time, perhaps a bullish breakout isn't so crazy (even if the charts suggest it could be overbought by some measures).
NVIDIA UPDATES
Last week NVIDIA made a huge Jump. This stocks made me think of how the US markets are full of bubble gurus. If you like NVIDIA and the wallst you can own it but not at this price. For Monthl
y traders. Gap maybe filled .
This is not a financial advice follow for more. Check out my profile, I made a daily scalping and strategies. follow for more.
For free ideas and content check it out.
Nvidia -> The Final ConsolidationHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that over the past 150 days Nvidia stock is actually up about 200% and is therefore definitely ready for a short term correction.
You can also see that we do have the next previous resistance zone which is now turned support exactly at the $325 area so I am now just waiting for Nvidia to actually retest this zone and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Nvidia stock is currently stuck in between support and resistance - nothing too interesting for now, I am just waiting for a break below the previous support area at $375 and then I do expect Nvidia to fill the gap and retrace back to the $325 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Semiconductors NVIDIA and TSMC Vs BTC Ratio Semiconductors Vs BTC Ratio
- Since Sept 2017 we have been in a range
- The 3 channels are periods Semiconductors(SCRs)
performed better than BTC.
- The red resistance has been a sell indicator for SCRs.
- Exiting the 3 channels also meant sell SCRs.
Within months we are reaching a potential exit point for SCRs with BTC potentially offering better returns once we reach resistance or leave the current channel.
Factoring in yesterdays tweet regarding TSM, the next 3 - 6 months will be pertinent for SCRs and will likely provide a final upward thrust and an exit opportunity. It is possible that we break the resistance on the chart however this has not happened since Sept 2017 and may not happen. If it does we can reenter on a retest of the resistance turned support. I would still sell having enter the resistance.
This chart gives us another metric to watch for the SCR and BTC trade simultaneously. With AI making news lately the AI driven sentiment could offer the final thrust and exit position opportunity we are looking for for NVDA & TSM. Given NVDA has has such an epic move and factoring in that TSM appears to be signaling that its now its turn to rise (yesterdays tweet), my positioning would be into TSM. Furthermore, anyone wanting to diversify an AI holding, may sell NVDA into TSM. We shall see. A fascinating sequence of events that we can observe and trade off over the next 3 - 6 months.
PUKA
NVIDIA ($NVDA): Trend is still bullishFrom a technical point of view, NASDAQ:NVDA 's trend is bullish on daily and intraday charts, and after some correction, NVIDIA Stock should trigger at least the latest rally. That said, if we look at 1H chart, we see a completed wave 3 and a corrective structure in play. The 309/303 support area should limit a potential pullback before a price recovery, , and as shown on chart, the amplitude of wave 5 should be around 7%.
Trade with care!
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Cheers!
About INVIDIA
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users. The Tegra Processor segment integrates an entire computer onto a single chip and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The All Other segment refers to the stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, and other non-recurring charges. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.
Nvidia -> What A MoveHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nvidia just perfectly broke above the previous all-time-high which we created back in November of 2021 at the $340 level.
You can also see that from a weekly perspective Nvidia stock is a little bit overextended towards the upside, Nvidia just created a rally of 250% without any real correction, so I am now just waiting for a retest of the previous all-time-high and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Nvidia stock is massively gapping towards the upside today with a gap of 25%, breaking all resistance towards the upside but as I mentioned we are a little overextended towards the upside so I am now just waiting for some kind of a distribution phase and then I do expect a short term correction towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NVIDIA - A big tech leading indicator NVIDIA (NVDA)
- EARNINGS are reported TODAY after market close
- Expected Earnings 0.924 EPS (prior 0.88)
- Expected Revenue $6.532 bln (prior $6.051 bln)
- We are oversold on the weekly but could hit the
Cup & Handle ceiling before turning over.
- P/E ratio up from 57 in Oct 2022 to 175 in
May 2023...
- Price is 182% up from the Sept 2022 lows
- Pre Market is down @ $303 from $306.88
Being the tech sector sentiment leader, If NASDAQ:NVDA earnings are lower than expected today it could catalyze the next swing lower in tech. If positive we could revisit ATH but I would expect a rejection from this level. Based on all of the above a correction in price is the most probable outcome, this could start today or after revisiting $335 briefly.
Potential bullish long term view which includes a sharp rip downward at some stage followed by a repeat Fractal and cup and handle to drive shorts and longs insane, all whilst staying in the long term comfort channel. All of which can happen with todays earning being the cup and handle inflection point (A drive up to $335 and rejection followed by significant decline or we turn over here now).
#3NVD Leveraged 3x Long with Nvidia Corporation StocksAll the World chipmakers are on the rush this night, due to Nvidia ( NASDAQ:NVDA ) Q1'23 Earnings Report.
LSE:3NVD is the Leverage Shares 3x Nvidia ETP Securities that seeks to track the iSTOXX Leveraged 3x Nvidia Index, which is designed to provide 3x the daily return of Nvidia stock, adjusted to reflect the fees and costs of maintaining a leveraged position in the stock.
It invests directly in the underlying NASDAQ:NVDA stock and uses margin (borrowing) to purchase additional shares of Nvidia.
For example, if Nvidia rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However, if Nvidia falls by 1% over a day, then the ETP will fall by 3%, excluding fees.
Key Features
• Opportunity to magnify returns in one simple trade.
• Liquid. Trades like an equity on exchange, with multiple market makers (MMs).
• You cannot lose more than the amount invested, and an intraday rebalance mechanism is designed to cushion the largest intra-day falls.
• Simple to trade, no need for futures, no need to use margin accounts.
• Transparent structure with full ownership of the underlying assets, so credit risk effectively negated.
• Is independent and managed by industry experts.
Key Risks
• Investing in Short and Leveraged ETPs is only suitable for sophisticated traders who understand leverage, daily rebalancing and compounded daily returns.
• Investors can lose the full value of their initial investment (but not more).
• Losses are magnified due to the nature of leveraged returns. Therefore, Short and Leveraged ETPs are only suitable for investors willing to take a high level of risk.
• Daily compounding may result in returns which an investor may not expect if the investor has not fully understood how a Leverage Shares ETP works.
• Due to daily rebalancing and compounding, ETP returns measured over periods longer than one day may differ from the returns of the underlying stock multiplied by the leverage factor.
• Only use these ETPs if you can monitor your positions daily or during the day.
• Not an investment advise, so please see and read carefully the ‘Risks Factors’ section of the Prospectus for a more detailed discussion of the potential risks associated with an investment in this product.
Key TA Highlights
• 3NVD trades higher its weekly SMA(52), since middle of the May, 2023
• Technical picture indicates the possibility to further 100 per cent upside price action.
Nvidia Swing ShortThis stock has been doing well recently and has reached significant resistance levels with overbought conditions and bear divs on both RSI and Volume. Along with that its moving up in rising wedge which is bearish structure.
Highlighted the levels for SL and TP (Orange lines) it may not go all the way down because move from bottom to 50% level looks solid and supported by volume acceleration.
We also at the PRZ of a large bat structure, which should start putting downward pressure on the stock's price.
We have notable events coming up (CPI announcement) tomorrow and the day after and if they cause volatility, it's possible to get some good entry into this.
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Nvidia -> Squeezing The BearsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that after Nvidia created and also confirmed the weekly inverted head and shoulders, which we created around the beginning of 2023, we had another rally of about 70% towards the upside.
In my opinion Nvidia is definitely ready for a short term correction, you can also see that we are about to retest previous weekly resistance at the $280 area which is turned resistance again so from there I do expect at least a short term rejection towards the downside.
On the daily timeframe you can see that market structure is still very bullish, there is no sign of a correction yet so I am now just waiting for a break below the previous daily support zone at $265 which is then turned resistance before I then do expect a short term correction towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: