NVDIA Don't miss this opportunity. Can even reach $240.NVDIA (NVDA) gave us the most solid buy entry back on our August 08 signal (see chart below), following a -35% decline:
Such declines are standard technical buy opportunities especially when taken place at the bottom (Higher Lows trend-line) of the 2-year Channel Up (since October 2022). As you can see, the stock made new All Time Highs (ATH) and as it remains below the middle of the Channel, the upwards potential is significant.
As long as the 1D MA200 (orange trend-line) supports, we remain bullish on our original long-term Target ($190.00) but now we feel confident to target by the start of 2025 the upper layer of the pattern, setting Target 2 at $240.00 (Fibonacci extension 3.0).
Note also that, as mentioned on our previous analysis, the current Bullish Leg continues to look very similar to the one that bottomed on October 2022. This is also evident on their 1D RSI fractals.
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Processors
SMCI rebounding on its 2-year Support Zone. $2000 next stop.Super Micro Computer Inc. (SMCI) is on its strongest 1W green candle since May 22 2023, recovering the 1W MA50 (blue trend-line), which was broken last week amidst the general market panic on a potential economic slowdown.
This rebound happens to take place just inside the 2-year Higher Lows Zone that started back in July 2022. The ultimate Support, the 1W MA100 (green trend-line) is exactly on that Zone's bottom and as long as it holds, we will stay bullish on SMCI long-term. Even the 1W RSI marginally broke below its 2-year Support Zone, but immediately recovered it.
As a result, we expect the new Bullish Leg (green Channel Up) to start. Every single one of the previous Legs of this 2-year pattern has been higher than the previous, so since the last rally completed a +344.40% rise, we expect at least a repeat of this. Our long-term Target is $2000.
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seeking over $200 soon for this semiconductor stocknvda has made a quick return over the past couple months, and theres no reasont that if the broader market continues bullish that nvda should not participate. if we get higher lows in daily qqq i would imagine over $200 for nvda, or around the highest horizontal is in play. if we resist from the first horizontal and set lower highs daily qqq breaking pivot to the downside nvda i would go for thoelse lower horizontals.
$TSM Taiwan Semiconductor Manufacturing C. will grow again ?The algorithmic advisor Market Miracle produced yesterday for the title $TSM Taiwan Semiconductor Manufacturing a signal entry to market LONG at a price of 117.12 USD with a target price of 123.55 USD for a potential profit of 5.50
The company is, according to some analysis sites that I use for reference, in excellent health and slightly below its fair price and with estimates of future growth consistent with the past but double-digit.
This aroused interest in me in the title and I went to analyze the graphical situation if it was compatible with the received signal.
The market sentiment on the stock is set to rise ( bottom panel ) so this will probably facilitate the climb.
From Miracle Viewer that it analyzes the flows of the great investor turns out that the interests of the corporations are returning that are increasing the purchases on $TSM
The title has recently formed a minimum double and seems to want to go back after the recent retracement, from what I see on the chart seems to have much more room for growth than that indicated by the signal so I extended a little more graphics analysis.
I expect a movement like the one described and then maybe take a break and continue the climb but we will see this later maybe in conjunction with a new input signal.
From previous ideas that relate to this I realize that it is a particularly favorable period for the sector of microchips, in fact even intel and amd seem to want to grow.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
Broadcom back up againAfter a period of latelarità the title $AVGO seems to want to return to climb,
says my adviosr Marketmiracle that sent last night a purchase signal on Broadcom at a price of 459.32 USD with a target of 512.29 or a potential profit of 11.53%, really not bad.
Analyzing the title graphically it seems actually the construction of a head shoulders overturned for which the premises there are, it will be to see if this will actually be realized.
Let’s enjoy the show...
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration