Uptrend Rules Strong : Second closing candle above the high of the first breakout candle. Semi-strong : Price reaches above the high of the breakout candle at any point. Weak : The second candle post-breakout closes above the 34 EMA (high) of the breakout candle. Downtrend Rules Strong : Two consecutive candle closes below the 34 EMA (Low). This...
NVDA has the potency to reach 1182!! Yes I think it will reach its target probably in less than a month will see
Lets get a push down for some liquidity and head higher yeah? Mkay.
Nvidia on hourly candles respecting elliot impulse wave pattern for year 2024. Wave 2 was a classic 3 wave elliot correction wave pattern. This then breaks into wave 3 and is respecting a very tight channel upwards. Expecting 1000+, back to 900s, then price target of 1100+ post July. Heavy chop in wave 3 due to broader market uncertainties and pressures. This...
Market Overview: Nvidia's NASDAQ:NVDA recent rally has bolstered bullish confidence, driven by anticipated revenue and profit growth, and positive analyst outlooks, particularly from Goldman Sachs. The company's leading position in the AI-powered GPU sector further contributes to positive sentiment, with potential for continued uptrend supported by upcoming...
boost and follow for more! ❤️🔥January 18th I released a bullish update with 600-700 dollar price targets, since then we have smashed those targets.. Also we had a recent earnings report. So time for some updates? Well it looks like this "AI hype/AI bubble" isn't slowing down, the earnings on NVDA were extremely good. So I have raised my Price target from 700 to...
Simple project where all lines from all rectangles are projected potential support and resistance. Looking to catch at least one reversal (in either direction) with a candlestick pattern or signal at any of them. The vertical ones are more like time stamps for potential essential events like change in mood, sentiment, volatility or other. The polygon is more...
NVDA is going to consolidate for at least 3 more months before its next rally
Short Term Elliott Wave View on Nvidia (NVDA) suggests the stock ended correction on 4.20.2024 at 756.06. From there, the stock starts a new impulsive rally. Up from 4.20.2024, wave 1 ended at 846.07 and pullback in wave 2 ended at 776.80. The stock extends higher in wave 3 towards 887 and dips in wave 4 ended at 852.66. FInal leg wave 5 ended at 888.19 which...
This chart analysis is a bit of mess, but the price action in the last 10 sessions leads me to believe that we will see around 960 by earnings. This would be a setup for another new high if the market likes the print. Options action around 900 middle of last week seemed to indicate a push higher. Having said that, I really don' know if the consolidation from the...
Immediate negative outlook for NASDAQ:NVDA with:- #1 the bearish engulfing candle, #2 accumulated volume hitting 1.9x standard deviation implying a climatic topping, #3 +4x standard deviation on the daily MACD and +5.3x standard deviation on the weekly MACD. Taken together, this looks like a climatic topping act NASDAQ:NVDA ion for a parabolic surge.
After multiple retests of 61.8 fib, I think JPOW just gave clearance past 1k. I implore you to look at what AVGO did when it broke 1,000 critical level as well as look back at TSLA in 2020 pre/post stonk split. NVDA is now a STONK, and those only go up. AMEX:SPY trend line was regained today, classic shake out before next leg up, thought we'd get a better dip...
Why the stock gained today? • NVDA is a good defensive stock to protect against high interest rates. • Competitor intel losing part of the market and disappointed Q2 forecast • AI demand from MSFT, GOOG, META, TSLA that just revealed an increase in capex this week. NVDA is backed up after last week sell-off, could it last ? • NVDA broke the bearish channel...
When I do TA I don't like putting too many indicators. Indicators are probability and nothing else. Too many indicators = too much noise. Anyways we are getting straight in details. The recent trendline on daily from bigger picture is held as support on broad market selloff. Also if you see the MACD on daily it just turned to the upside so putting an additional...
Fundamentals: From the management, the future looks bright for Nvidia. Their sales are accelerating and their earnings are growing. Healthy funds are piling in to the company. Its industry, the electron-semiconductor fabless industry, is booming (one of the top 20 industries). These things puts the wind at its back. Technicals: On a daily and weekly, Nvidia...
NVDA has been extremely rangey. It has been operating within a larger bearish setup; however, my suspicion is that it soon should be invalidated because, in my opinion, no market top as of yet. NVDA has been in this uptrend channel for some time, more of a wedge I guess you could say: We ended the week right on support and within the next week bull/bear...
Nvidia earnings around the corner are we going to make another ATH in Spy! Will Nvidia get us there, I think so GPU 50 series release Rumors more Cloud Technology added in GPU's!! What else could you ask for in an AI boom!! $1039 price target for Nvidia