Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
Shortqueeze
Nvidia -> Earnings ObliterationHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level.
On the weekly timeframe you can see that Nvidia is not slowing down at all and with today's massive +10% after hour earnings gap Nvidia just created new all-time-highs.
Since the weekly and the monthly timeframe are both back to bullish now, I am simply waiting for a retest of the previous resistance at the $470 level which is then acting as strong support.
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:
HUYA - Setting up for a huge run
IF it can clear 200 DMA overhead, can soar to 8.
Upside targets: 4.26, 5, 6, 8
Still plenty of time to get in. Let's see what happens tomorrow.
Long half position from 3.3, stop loss around 3.50
Big moves ahead of AEO. Year long correction is over.I think that AEO is one of the most overlooked stocks right now. Elliot wave analysis suggests that the year long correction is over and we are on the brinks of starting a new motive wave. We clearly saw a breakout out of the falling wedge on friday, and that's BULLISH. Not only that, but AEO is a company that actually makes money. Above all that, AEO is a highly shorted stock with 23% of the free float shorted. Also, SPY is bound to rally into a corrective leg, short term is looking BRIGHT for AEO. NFA.
