Nvidia's meteoric rise in recent months is a testament to the burgeoning artificial intelligence (AI) revolution. As tech giants race to integrate AI into their products and services, the demand for Nvidia's high-performance computing chips has skyrocketed. The company's stock has surged by an impressive 25% in the past month alone, and it's on the brink of...
NASDAQ:NVDA has reclaimed most daily supply and may trade into the earnings high if it can reclaim this week's range. NASDAQ:SMH has similarly reclaimed the daily 50 SMA and will go higher upon confirmation of the daily 100 SMA supply. Higher prices in semiconductors, such NASDAQ:AVGO as well, may help NASDAQ:QQQ follow AMEX:SPY to a new all-time high.
Morning Traders
Quick update here, currently if we make a break above the 132.70 range the 137.30 is our goal and target however their are a couple hurdles along the way.
We can possibly still correct down to the 130.70 level
I go over the market from 4 hour to 30 minute giving you some levels to look for in today's trading day
Happy Trading
MB Trader
Morning Traders
I throw the whole kitchen sink at this market from forks to fibs to projections and what we have is the following. We are either breaking up to the 137 range then we will see a nice deep 8-12 dollar retracement. Or we go to 137 and consolidate a touch then keep pushing up to th3 150's. Or we break 131.80 in our correction and then looking at...
Good morning traders
The market planned out into what our thesis originally was from ages ago ie we are hitting 137 range -138 max then seeing a correction of some sort or we blow through this level up and keep going to 150's
In this video I am most certainly long and feel lets look for a correction at the 137's between 8-12 dollars.
If this doesn't happen...
Overall, NASDAQ:NVDA was the name to pay attention to today.
Even though the AMEX:SPY traded to the downside, NASDAQ:NVDA held strong with a push above $130.
The chart is giving us a clear picture of potential upside if they continue to grow and market the business the way they have.
Potential political headwinds are not to be discounted quite yet....
Looking for break in structure as long as 116 area is not traced back
121 zone is fair value zone for entry.
Need to cross 130 area with momentum, entry on retest
Good morning Traders
Everyone has a coffee in hand lets get into it
So in the video I break down a bit more wave counting, a few projections on where we are going up and where we might encounter some resistance plus our thesis is still in check on hitting 128-129 zone like we discussed before.
Enjoy
MB trader
Good morning Traders
MB Trader here checking into see how everyone is going
So the game plan today is:
1) Do some wave counting; we all love a little bit of wave counting to figure out where we are in the market
2) Do some projections figuring out where are we going up ?
3) Do some micro projections to figure out the different areas of resistance and where...
Dear Traders,
First of all, we are mainly looking at the technical and we make decision on what we see on the chart. That is why in our view, behaviour of the price has shown us that there is possibility of swing buy coming and it can be one of the big buying opportunity/investing opportunity. Please this is no guarantee and do your own research before taking any entries.
Nvidia is forming another symmetrical triangle pattern.
My answer for the topic is yes!
First of all, it is moving in a bullish market overall speaking, so it probably will have a rally if it could break above the symmetrical triangle pattern. it indicates the end of this medium term pullback, and bulls will control the market next.
of course, there are still...
NASDAQ:NVDA AMEX:SOXS
NVDA is in an ascending triangle pattern (bullish) with cci not showing overbought on the 1hr, 4hr, and 1d. MACD signal is still above on the 4hr and daily.
SOXS has recently broken downwards and retested the support turned resistance.
This shows that we are headed towards a bullish momentum for NVDA.
If I had to make a guess on what...
This week in NVDA I am paying attention to the following:
-On the monthly timeframe, we see that there is a significant bearish divergence setup forming. This has not yet triggered, though, so the bulls can relax (for now). However, in 7 days when the Monthly candle closes, we need to pay close attention to the CCI divergence. If it confirms, it implies a MAJOR...
NASDAQ:NVDA is potentially forming a bullish bat variation of the Gartley harmonic, within a pennant on the four-hour chart. As long as the earnings low at point B is maintained, there is potential for a reversal to point C next week, corresponding to the upper trendline from all-time highs.
First of all, Nvidia is moving in a medium term downtrend, and on the way to lower low.
so we could see that the important support area would be previous low area, which share the same level with previous high volume candle.
In this case, traders who want to buy may need to wait for a better buy timing!
NVIDIA Technical Analysis And Forecast For This Week
NVIDIA has recently experienced a pullback following a less-than-optimistic forecast for the upcoming quarter, which fell short of investors' expectations.
This disappointment has prompted a wave of shorting by several shareholders, adding downward pressure to the stock.
However, based on my technical...
