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NVDA trade ideas

The next target price for Nvidia after record opening USD764.21Yesterday Nvidia reported the Q4 2023 earnings report with flying color, beating not only top line and bottom-line estimates but also projected beating earning expectation for Q1 2024 and robust growth not only in 2024 but also 2025. Things are even more positive since there will be a new and better replacement chip for the H100, one of the top line AI chips. The current market capitalization is at USD1.67T and Nvidia company share will most likely increase to around USD1212.00 in next few months and will beat Apple the world largest market capitalization at USD3.0T. Nvidia currently looks like will beat Apple to be the world largest market capitalization company. If the Fed's FOMC news on fighting the inflation remains with 2 to 3 rate cuts this year even when the next 2 to 3 months CPI, PPI and PCE numbers are bad. Nvidia and S&P 500 index will continue to raise further creating more record high. Nvidia share price will most likely go beyond USD1212.00 if this happen but there will be some pull back or dip. Hence, traders and investors should buy the dip. If there is a strong headwind happening in these coming 6 months' time such as US-Iran war or recession or Fed's cutting rate too soon for inflation to go back higher, then most likely USD1212.00 will not happen. Keep breaking record high will not happen when this potential strong headwind appears in the market. Overall BUY Nvidia and keep for at least 2 years to 10 years. The Fundamentals for the coming 2 years will most likely be the same except appearance of Strong headwind which might not happen.
NASDAQ:NVDALong
by juntech8
3
NVDA - Trading above key resistance - Will it hold?It's a great day! Quick update on our little friend NVDA. We fell below the KEY support level of $118 in late August, but we recently reclaimed that level yesterday. Now that we are here, we need to stay above that $118 level and with today being Friday, it's even more important that we stay above $118 at market close. Barring some resistance levels that still exist above us (compared to SPX and NDX where we've already reached those levels - more on that in the video commentary), I have placed a bullish price target at $146. From a bearish stance not discussed in the video, I have a target of about $84 if October ends up being bearish. At this point, the probability is to the upside but that can obviously change at a moments notice. Take your trades with precision and a plan. Have a plan when you're trading and stick with that plan. I tend to ask myself "Is this trade still valid?" or "Is the reason why I entered this trade still true?". These are the questions that will define you as a trader. Investing is a different animal. If you like the company, you should have added to your position below $100 because that was a gift (in your eyes). If you're a trader, the same should have been true, but the reasons for staying in the position are different for traders vs investors. More on that another day. Thanks for reading and please comment below if you have any questions!
NASDAQ:NVDALong
by bitdoctor
NVDA Swing Long TradenVidia has become an extremely popular stock amongst market participants, and has a large potential to revolutionize the world through their AI technologies and computer processing chip sales, amongst other benefits. However, going into this uncertain time pre-election, there is potential for volatility to be present in markets before moving to higher levels. At the moment, we are still trending upwards on the longer term, with a large base / liquidity zone at my buy targets between $65-$75. There are several levels of confluence that I have for this trade: 1) Liquidity zone located at the pivot low of $75. I would look for a swing failure pattern here. 2) Gap zone from $66/$68 would be nice to fill and bounce from. 3) Trend based fib extension from the low at $91 and then swing high at $131 at the 0.618 would bring us exactly to the point of liquidity marked at $75. 4) I would like to see Bullish CVD and divergences at these prices as another confirmation to take a swing long trade. My analysis is based strictly off the technical's on the charts, and there wont be much updates here unless the alert is triggered at $75. Only time will tell!
NASDAQ:NVDALong
by afurs1
1
Are we headed to an incremental new high?With Nvidia breaking tp the upside of the target box for circle-b, that means if we continue to follow through in the Minor B wave, as I am forecasting, we stand an excellent chance to making new all-time highs on a very marginal basis . Nonetheless, this will still be part of the overall primary degree correction that Nvidia is involved in. Read my last post of Nvidia to see the previous target box Larger Timeframe Analysis Showing Primary Degree Correction
NASDAQ:NVDA
by maikisch
Nvidia (NVDA) Shares Surge Over 8%Nvidia (NVDA) Shares Surge Over 8% According to the Nvidia (NVDA) stock chart, yesterday’s closing price was just below $117, compared to just over $108 the day before. The positive momentum was largely driven by the stock market’s reaction to inflation news, as mentioned earlier. For Nvidia investors, this is a clear sign that the stock is regaining its leadership position, a success attributed to CEO Jensen Huang. As Barron’s reports, at the Goldman Sachs conference in San Francisco, Huang discussed the launch of the new Blackwell chip and the return on investment for Nvidia’s clients. He mentioned that demand is so high that some companies Nvidia works with have become "emotional." Technical analysis of Nvidia's (NVDA) stock chart shows the price forming an ascending linear regression channel (shown in blue), rebounding from its lower boundary. However, bulls will need to prove their strength, as a series of resistance levels lie ahead: → The bearish gap zone around $117. → The psychological level of $130. → The upper boundary of the descending channel (shown in red). If the Federal Reserve cuts rates next week and Powell’s comments are dovish, Nvidia’s stock could break through this resistance and continue its impressive 2024 rally, which saw the price increase by around 150% in the first half of the year. Analyst forecasts remain optimistic. According to a Tipranks survey of 42 analysts, 39 recommend buying NVDA stock, with an average price target of $153.24 over the next 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NVDA
by FXOpen
3