Big technology stocks have moved sideways for the last month. Now there could be some important levels for names like Nvidia as investors digest today’s higher-than-expected inflation report.
The main pattern on today’s chart is the March 11 low of $841.66. This level has provided support since the chip giant’s peak on March 8. (It’s also a weekly low.) Closing...
And finally, NVDA.
Setup is beraish on the 4 hour, with the immediate point being the yellow line in the chart. We usually overshoot these Heikin ashi setup targets so look to the calculate low targets starting at 849.
I was thinking we would fall back down into the gap support and then break below it (the purple box), however, owning to that over-zealous...
Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years Nvidia stock has been trading in a pretty obvious rising channel formation. At the moment Nvidia stock is actually retesting the upper resistance trendline. Considering that Nvidia stock also rallied 650% over the past couple of...
Here's a neat little POTENTIAL setup.
I added a projection line.
I probably shouldn't have added a projection line.
It will probably make me look stupid in a few months to a year.
Or maybe even right now.
Depends if you like my charts or not.
Or have just recently followed.
This chart is a little more longer term.
Do I think NVDA crashes some 32% to $620...
Stock is overbought and is overextended. There is a major gap at the $300 level that will need to be filled. Semiconductors have also always been cyclical, and have seen major drawdown on their stock every cycle after major run ups.
Price has entered and exited the target box for this retracement. Although price could try to get higher in the target box, only a move that breaches the recent low of $830 will signal a confirmed top that could be long term in nature.
Best to all,
Chris
My 03/12/24 post noted that NVDA could reach 1157.74. On 04/09/24 it appears NVDA may have completed a shallow month-long correction.
Daily Stochastic has a bullish line cross.
Its possible NVDA could reach the 1150 zone sometime in the next two weeks.
We can see an accumulation of order on NVDA, all phases of the wyckoff have been executed, with the 1st liquidation (STB) and a BOS bullish, I'm expecting now the price to continue at least take the all time high.
Just one week ago NVDA looked like it could reach 1,000. Todays massive break of support now makes it more likely to reach 500.
Only one Stochastic line has reached the overbought zone. RSI is above the oversold zone.
*RARE* NASDAQ:NVDA Weekly HAMMER
After 3 weeks of red closed NVDA is looking for a huge bounce back next week
618 support is below as well
I plan to fully automate my options
Interest rate sensitive Nasdaq composite index off from its 5 monthly gaining streak marked by strong economy projections reneging expected rate cut in June FOMC meeting. NASDAQ:NVDA and its peers from Semiconductor industry overall are continuing to follow market downtrend.
There are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish.
Here we are going to be looking at the signals for the NVDA stock on both sides.
Nvidia was already a massive company thanks to its chips and cards but with the advent of Cryptocurrency it become #1. Now we have this situation where the...
Updating my analysis with some additions of some key levels to watch for as price makes it's way higher.
I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels.
Even though price seems to be forming a H&S top, I'm not sure that we break down here.
I think the most likely scenario is...
