Stubborn resistance around $22.30 finally broken last session on high trading volume. Price last seen in 2011 where hit $25 before pulling back. Suit bought call
Break out of a distribution phase. Prior candle is black, trapping people. Good volume.
NVDA expected to open at 21.88 for a Perfect Gap N Go. To learn this strategy for free go to www.RealLifeTrading.com
Nvidia daily chart has formed a hammer, on the back of the 100 and 200 MA support, the kumo cloud, and the 50% fib of the latest bull wave. In terms of volume we got a high reading indicating some major market participation. While, in terms of the oscillators, the RSI is above 50 and pointing upwards, the stochastic is pointing up as well and may cross-back from...
NVDA is showing strength. I am using a variety of old and new indicators and thinking in this analysis. First, there is Andrew's pitchfork MLH 1 and it's clone. Price has pretty well been contained within these two forks and key pivots have been accounted for along the median lines. Next, there is the gap acting as support. But the gap is not alone, we also have...
graphics getting more and more important -> also within smartphones ? •Nvidia reported strong Q2 earnings, with revenue and earnings growing in the double-digits. •AMD's GPU issues have not affected Nvidia, with its GTX gaming GPUs growing by 10%. •Growth opportunities including a growing PC market, the automotive market and the enterprise market should lead to...
NVDA, has a excellent bullish pattern. But, be aware this stock is one to disappoint. The slight decrease in volume suggests lower bullish momentum for 9-03-2014. Fibonacci is showing resistance at the close of 19.50; this suggests that it will take a increase in volume to beat the mark. If your period of trading is on the 5-day chart. Long-term we are bullish...
Fundamentals: Nvidia Corp posted higher fiscal second-quarter earningsyesterday after market close and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade. The outlook in the PC industry has brightened following news that PC shipments were flat in the June quarter,...
I have been watching this flag develop for some time now with Nvidia. I believe we are now near some resolution. The entire pattern has traits similar to a IHS . A formation not usually associated with the top of a chart. So maybe, that is not what I should be calling it. To me, it is just one of the most common patterns that regularly occurs in the market. A...