NVDA huge squeeze breakoutNVDA has broken out and I expect to see little resistance until previous high.
NVDA trade ideas
NVIDIA eyes opportunities in space computing with SpaceX launchNVIDIA Corp. is poised to enter a burgeoning market as SpaceX prepares to launch a satellite equipped with NVIDIA's graphics processing unit. This venture into space computing marks a significant step for NVIDIA, potentially opening up expansive new opportunities within an industry that sees growing demand each year.
The satellite, a collaborative effort between US startup Aethero and Cosmic Shielding, features NVIDIA's Jetson Orin NX module. This module, designed primarily for robotics and AI computing, could play a crucial role in the development of solar-panel-powered space data centres. These centres aim to address the significant power demands of AI, presenting a sustainable solution by leveraging the unique environment of space.
Technical Analysis of NVIDIA Corp. (NASDAQ: NVDA)
Exploring potential investment opportunities, let us review the technical aspects of NVIDIA's stock:
Timeframe: Daily (D1)
Current trend: the stock is in an uptrend, currently testing the support line
Resistance level: 136.30 USD
Support level: 118.05 USD
Potential downtrend target: should a downtrend initiate, the downside target could be at 95.00 USD
Short-term target: if the uptrend resumes and the stock price breaches the resistance at 136.30 USD, a short-term target could be set at 150.00 USD
Medium-term target: should the upward momentum continue, the price might rise to 165.00 USD
Investors should closely monitor NVIDIA's progress in this space venture, as the successful deployment of its technology in orbit could significantly enhance the company's profile in space computing and lead to substantial growth opportunities.
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Weekly Analysis for 7/8/24 - CPI Preview & Short Thesis UpdateWe have another big week upcoming with earnings, fed speakers, CPI, and more. I give my thoughts and analysis for the week. I also talk about my short thesis, which can be found here:
advancedplays.com
NVIDIA & BitcoinWe are interested in the NVDA stock due to its close correlation with Bitcoin, when it comes to price action.
➖ NVDA produced a top, clearly, 20-June.
After this top it consolidated a little bit and on the 3rd of July produced a full green candle but with no volume.
➖ On the 5th of July we have a red-candle. This red candle produced a lower high and happened right at resistance.
👉 These signals based on candlestick patterns point toward a new drop/down-move starting next week. This would indicate and support a down-move on Bitcoin's side based on the positive correlation between these two assets.
That's all for today.
Thank you for reading.
Namaste.
NVDA to $130 this weekTtm squeeze with ichimoku cloud shows bullish next week. Expect to hit $130 with small pullback and the higher from there.
NVDA Short: Prepare for 3rd wave downIn this video, I present the bearish call for NVDA using Elliott Waves, Fibonacci extension levels, RSI, and Volume analyses.
3 Ideas Next Week & Market AnalysisIn this video I go over three trade ideas for next week and I breakdown the market analysis and the market cap concentration that the market is seeing.
a weekly price action market recap and outlook - nvidia #5Good day and I hope you are well.
Last time I talked about Nvidia was 2024-06-08 and Nvidia was at 120.8 and my targets were 130/140. We are after the stock split so it's time for an update.
comment: Please check out my nvidia #4 post, to see how accurate it was. I wrote that once the W5 or third push up is done, we will see a 10-20 bars sideways to down correction. Since the first leg of the correction made 16% down, we can expect a second one, which would bring us to around 100$ (weekly 20ema is also there), which is an obvious magnet. There bulls can decide if they want to continue the bubble.
current market cycle: If we break below 114, we are probably forming a trading range between 100 - 140. If bulls buy this up again, bull trend continues.
key levels: 114 - 140
bull case: Everything as long as most bull trends hold. The big bull trend line is currently around 95 and bulls do not want a pullback that deep. They want this bubble to infinity and staying above the daily 20ema is crucial to do so. If they fail here, we will see 100$ soon. Having said all that again, it's a bubble and it will deflate. Maybe it already started and stock won't trade above 130 again for a long time. No one knows but the probable thing is a pullback to the weekly 20ema/100$ before market wants a retest of the ath. That can fail or even make a higher high before turning again.
Invalidation is below 100.
bear case: Parabolic wedge top broke to the downside but bulls still have 3 more bull trend lines as support. Bears are happy for now that they trapped all the bulls who bought above 130 and most stops will run around 115-118. Bears ultimately want to test the big bull trend line and the 100$ price. Thats a 40% drop and I wrote many times, that this stock will half again. Bears see the recent drop as strong enough for a second leg and the current trading range as a two legged sideways to up correction, which they want to break below from.
Invalidation is above 130.
short term: All bull targets are met and the ath will probably be tested. It's unsure if we get a second leg down first or after the retest. I slightly give it to the bears to push down to at least 117ish since the past days nasdaq & sp500 made new ath's while nvidia held below 130. Trapped bulls who bought above 130 will give up below 119 latest.
medium-long term: Over the next 6 months we should see the 1000 price area again and 6-18 months we most likely will see 800-900 again. --unchanged
current swing trade: Waiting for weakness on Monday and if bulls can't trade it back up, will do long term shorts for 100$.
NVDA waves from its first day.Hello
The main difference between Elliott and the other techniques is to draw a complete map from the start through the future of the market and none of other methods can do that.
If this counting is correct or not wont change this rule and whenever our markings is incorrect we just need to repaint instead of changing our methods.
For now this what I have labelled for NVDA and it might change in the next week.
Red cycle counting is an alternative and red level is its invalidation area.
Just Keep your Balance safe
NVDA - UniverseMetta - Analysis#NVDA - UniverseMetta - Analysis
After the previous impulse, the price corrected by more than 15%, which may indicate the beginning of continued growth. Compared to the previous correction, the price may still fall by 5 percent from the local minimum. In this case, wait for the ABC structure to form and consider purchases. In this case, you can see the potential formation of a 3-wave structure; when it breaks through, consider the entry. If there is a retest of the border, it will be possible to consider a target up to levels of 177.
Target 140 - 177
Be careful NVDA is still in the correction zone!Bulls pay close attention at the $130 level, correction is still underway! BTC is sinking and the sector is overall been over bought. Patience is the game we play!
Intel (INTC) and NVIDIA (NVDA)Analyzing the historical highs and lows of stock market prices for Intel (INTC) and NVIDIA (NVDA) provides insight into their performance trends.
Intel (INTC):
- Historical Performance: Intel has experienced periods of strong performance, particularly during tech booms and innovations in computing.
- Highs and Lows: Historically, INTC has seen peaks during technology expansion phases, such as the dot-com boom, followed by corrections during market downturns and competitive pressures.
- Recent Trends: Despite volatility, Intel's stock price has shown resilience and has been influenced by market sentiment around its product launches and competitive landscape.
NVIDIA (NVDA):
- Historical Performance: NVIDIA's stock price has surged during periods of AI and gaming sector growth, driven by advancements in GPU technology.
- Highs and Lows: NVDA has experienced significant highs during AI boom cycles and gaming industry expansions, with corrections during broader market downturns.
- Recent Trends: The stock has shown strong growth momentum, reflecting market optimism around its technological innovations and market leadership in graphics processing.
Decision Criteria:
- Market Timing: If considering historical highs and lows, NVIDIA (NVDA) may appear more favorable for growth investors during periods of sector expansion and technological advancements.
- Risk Management: Intel (INTC) could be perceived as a safer bet during market downturns or when seeking stability and dividends due to its lower volatility and higher dividend yield.
Conclusion:
- Intel (INTC): Offers stability, lower volatility, and potential value at historical lows, appealing to conservative investors and those prioritizing dividends.
- NVIDIA (NVDA): Presents higher growth potential and market leadership in innovative sectors like AI and gaming, suitable for growth-oriented investors despite higher volatility.
Chart Pattern Analysis Of NVDA
K2 and K3 is a strong bullish up-engulfing pattern with an up gap.
But K3 is not strong enough to close upon the neck line.
And the supply pressure at K3 is still at high level.
So, I don’t think K3 will reverse the newly born short-term downtrend immediately.
It needs more signals to verify it.
It is a good place to decrease long positions at K3 or 0.5Fib area to avoid the potential price correction.
On the other hand,
The decreased volume means the supply pressure is decreasing.
It is an early signal that the short-term downtrend had been interrupted by K3.
Perhaps it will consolidate for days and then choose to price up or fall down.
In the long term, it is still a bull market.
NVDA - Where is the TOP?NVDA once a darling this year, to be honest quickly turned into a villain buy sucking the all breadth of the market.
I normally don`t like log charts but when the name runs this fast, it is the only option. Run - bull flag run again, final target I see 160 with same expected move.
A decent upside, but let`s not forget NVDA is a 3T usd company. An upside of %30 or so will make it the 1st 4T usd company, will not join to this ride, just sharing where the top might be.
The end of value creation and capitalism. Game overPost-scarcity economy is coming. No currency nor value in the future. Money is creating havoc in this world
of competition and its coming to an end. Cost of living is free in the coming future so investing is a big
waste of time and resources. As you can see the motivation in the markets is dying. Debt can no longer
support the world economy any longer. The world is changing to save ourselves from extinction.
No currency No investments No competition creates equality and richer lives with deeper meaning.
There is no future if cost of living continues to rise and climate change affects global health and stability.
A brave new world is about to happen and millions of wealthy people will not like losing there status.
Enrich your lives and focus on reflection of ones self. Life is meaningless as a slave to cost of living.
The End of value creation to promote wealth of knowledge.
Artificially creating inflation creates inflation. Without cost of living the world will begin to heal
from climate change. Poverty and inequality will become extinct or the human race will become
extinct. Resources are precious and so is life.
NVDA: Cooldown of the AI hype?On it's all-time high, NVDA faces a major correction in a SHS-formation.
While chart patterns indicate an early turn after the everlasting boom of the paper, the split indicates that NVDA has seen its saturation among big capital funds and portfolios, and tries to appeal to small-cap buyers with a more affordable price - a clear sign that the chip designer itself has foreseen its peak on the stock market.
The next earnings report not in sight until August, the stock price will rebound to its average. But even with good earnings, the paper cannot appeal any more to major capital funds with diversification as part of risk management than it already has, so the buyers who chip in on the next E&R will be either small cap participants or gamblers. Further peaks of NVDA will be used by larger funds to hedge their risk, resulting in more immediate and dynamic corrections.
All of this resolutes that the dynamic of NVIDIAs price development came to an end. New heights will be harder to achieve, unseen lows ever since the surge will be more likely.
A general cooldown of AI is not expected as the industry is still in development. Most products developed with LLM AI as a base platform are assistance systems. Regular users of AI notice hallucinations and erroneous behavior on the AI side, proving the technology is not inerrant and will or should not replace or substitute human control.
NVDIA Not the time to buy yet.NVDIA corporation (NVDA) is on the 3rd straight week of losses following the mid-June High, which was a Higher High at the top of the 20-month Channel Up. During that time the stock turns into a Buy only after it breaks below its 1D MA50 (red trend-line).
As you can see some times the bottom process takes longer, other times it is very short. The 1W MA50 (blue trend-line) hasn't been broken since mid-January 2023. At the moment, the stock has started the new Bearish Leg. Past such Legs extended to at least -22.56% and with a maximum -26.18%.
We are ready to buy at $110.00 and target the 2.0 Fibonacci extension at $170.00 (each Higher High is on a Fibonacci extension lower).
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NVDA CEO Takes profitInsiders selling, won’t become attractive until double digits. Until then, down it goes.
Thank you for the amazing journey.All goals have been met for this investment for me.
I sold everything and moving on to other investment opportunities.
Thanks so much for the return for being a long term investor.
Its been an amazing 20 + years of trading.
I have no trade advice for anyone or an opinion on this investment.
I met my trading goal and feeling very lucky to prepare for the next one.
Diversify when the time is right. I have many plans and my goal in life is to be a millionaire and i have
already done that. Now i need to focus and be a responsible planner. Build and grow with strategy.
Nvidia - Massive rejection soon!NASDAQ:NVDA is clearly overextended after the +1.000% rally and ready for a correction.
Trees simply do not grow to the sky. And neither do stocks, especially Nvidia. I know that a lot of people are calling price targets of $250 and beyond, but we still have to respect gravity and the nature of fear and greed. Nvidia is simply overextended a retesting a 6 year resistance trendline. I do expect a correction between -20% and -30%, but also -60% is definitely possible.
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
This is just speculative at this momentLooking for potential channel exploration with current and past trading examples.
We have the current fib levels bottom to top. This is current only and could change so adjustments on the fly will be needed. The blue lower support trend and upper resistance trend is my personal drawn lines. The dashed lines at the end is projections with a low volume support squeeze that has happened two times before in Nvidia past. Looks accurate but anything could happen. I sold already in a previous post but i was not bearish just met my trading goal for my position. At a later date i will rejoin the market with my support when the clamp down happens but could take years so be ready when the time comes. I don't see the market jus dumping but more of a slow down next few years and diversification will start happening periodically during the market cycles. 2025 to 2028 will be the best years i think the clamp will happen for the squeeze event. This is purely speculative so don't follow this example. I am just posting here for reference and information. Thanks for reading and good luck with your trading strategy.
$114 before ascension?As we can see here we should tap $114 before ascending higher into the current bull trend. We did tap $118 a few days ago so that MAY have been a bounce - but if you're still not long on NVDA I would take $114 as a solid long entry.
