Nvidia's Meteoric Rise: How AI Dominance Propels GrowthUnraveling the Success Story of Nvidia Amidst AI Renaissance
Nvidia ( NASDAQ:NVDA ), the trailblazing chipmaker, has once again set the tech world ablaze with its staggering performance and bullish projections. With an unprecedented surge in stock value, Nvidia ( NASDAQ:NVDA ) has firmly established itself as the pinnacle of innovation and market dominance in the realm of artificial intelligence (AI) and beyond.
Riding the AI Wave
The heart of Nvidia's ( NASDAQ:NVDA ) recent triumph lies in its unwavering commitment to pioneering AI-driven solutions. As the demand for AI accelerators skyrockets, Nvidia ( NASDAQ:NVDA ) finds itself at the forefront, supplying the critical technology that powers an array of AI applications, from chatbots to generative AI services.
CEO Jensen Huang's proclamation that "accelerated computing and generative AI have hit the tipping point" encapsulates the zeitgeist perfectly. With global demand soaring across industries, Nvidia stands poised to reap the rewards of this burgeoning market.
Exceeding Expectations
Nvidia's ( NASDAQ:NVDA ) latest financial report sent shockwaves through Wall Street, surpassing even the loftiest of expectations. Bolstered by a staggering revenue forecast of $24 billion, the company continues to outshine its competitors, solidifying its status as the world's most valuable chipmaker.
The fourth-quarter results, which sailed past Wall Street estimates, underscored Nvidia's relentless pursuit of excellence. As the company's market capitalization surpasses $1.89 trillion, investors eagerly anticipate further growth fueled by the AI computing boom.
Unprecedented Growth Trajectory
Nvidia's meteoric rise is a testament to its transformative impact on the tech landscape. From its humble beginnings as a provider of graphics cards for gamers, Nvidia ( NASDAQ:NVDA ) has undergone a remarkable evolution, emerging as a driving force in the AI revolution.
The company's data center division, now its primary revenue generator, witnessed a staggering 409% increase in revenue, signaling the seismic shift towards AI-centric computing. With giants like Amazon, Meta Platforms, Microsoft, and Google among its top customers, Nvidia's influence reverberates across the tech ecosystem.
Navigating Challenges
However, Nvidia's ( NASDAQ:NVDA ) ascent hasn't been without its challenges. Mounting competition and regulatory hurdles pose significant obstacles to sustained growth. The emergence of rivals like AMD, armed with their own AI accelerators, presents a formidable challenge to Nvidia's dominance.
Moreover, navigating complex export regulations, particularly concerning sales to China, requires adept maneuvering. Despite these challenges, Nvidia ( NASDAQ:NVDA ) remains undeterred, doubling down on innovation and strategic partnerships to maintain its competitive edge.
The Road Ahead
As Nvidia ( NASDAQ:NVDA ) embarks on its next chapter of growth, the possibilities seem boundless. With AI poised to revolutionize industries ranging from healthcare to finance, Nvidia's role as a catalyst for innovation has never been more pronounced.
With visionary leadership, unwavering dedication to excellence, and a commitment to pushing the boundaries of technology, Nvidia ( NASDAQ:NVDA ) stands on the precipice of a new era of prosperity. As the world embraces the transformative power of AI, Nvidia's ascent seems destined to continue unabated, shaping the future of technology in the process.
NVDA
NDVA 775 plus or minus 3 has been hit 5th of 5 ?The chart posted is that of NVDA . I now feel the RISK is at a 10 out of 10 .based on wave structure and the relationships within the waves . last week I talked about 2.618 on a log scale as being an issue and we saw the reaction at that point 733 we then declined in an ABC and wave 2 and 4 were equal . I then labeled the decline as wave4 waves 1 and 5 would be equal at 775 plus or minus 3 so now I can count a 5 wave structure and on NEWS we are also just outside the daily BB bands and at a trendline . Can we extend yes will we ? . I trade only based on MATH and EW . I will now EXIT ALL LONGS IN QQQ this morning and SMH GOOG AAPL and move to a 105% in CASH .BEST of Trades WAVETIMER .
♨ Nvidia stocks are heading Up to recover, after September meltNvidia stocks moved higher in early Monday trading after analysts at Goldman Sachs NYSE:GS added the chipmaker, along with three other stocks, to its flagship list of stock recommendations.
Goldman Sachs analysts added Nvidia to the bank's "Americas Conviction List", a step up from the 'buy' rating it assigned to the stock in late August, while holding its price target in place at $605 per share.
"Look for Nvidia to maintain its statues as the accelerated computing industry standard for the foreseeable futures given its competitive moat and the urgency with which customers are developing and deploying increasingly complex AI models," Goldman argued.
The bank also added cybersecurity group Okta NASDAQ:OKTA , industrial supply group Cintas NASDAQ:CTAS and biotech Quanterix NASDAQ:QTRX to the "conviction buy" list while removing Salesforce NYSE:CRM and Johnson Controls NYSE:JCI .
Nvidia, the world's biggest AI chipmaker, forecast current quarter revenues of around $16 billion in August when it published stronger-than-expected second quarter earnings and later unveiled an make it easier for clients to run AI applications on Google Cloud NASDAQ:GOOGL using Nvidia-made chips with deeper integration between hardware and software offerings.
"We’re at an inflection point where accelerated computing and generative AI have come together to speed innovation at an unprecedented pace," said CEO Jensen Huang of the Google agreement. "Our expanded collaboration with Google Cloud will help developers accelerate their work with infrastructure, software and services that supercharge energy efficiency and reduce costs."
Nvidia shares were marked 3% higher in early Monday trading to change hands at $ 448 /share. The stock is up more than 200% for this year, and reached an all-time high of $487.84 on Aug 29, 2023.
Technical picture says, Nvidia NASDAQ:NVDA stocks are still on its positive path, and trading above 6- and 12-months simple moving averages.
Moreover the key breakout of technical indicator known as "a Triangle" is happening right here as stocks are recovering form the bearish hug.
NVDA Share Price Soars 11% after ReportNVDA Share Price Soars 11% after Report
The signs of concern we wrote about yesterday have largely subsided. After three days of declines, the price of E-mini Nasdaq 100 futures bounced off the lower boundary of the channel (see yesterday's chart) and rose, led by NVDA stock.
Nvidia's quarterly report exceeded expectations:
→ earnings per share: actual = USD 5.16, expected = USD 4.59;
→ gross revenue: actual = USD 22.10 billion, expected = USD 20.39 billion.
According to the head of the company:
→ Accelerated computing and generative AI have reached a tipping point.
→ Demand for computing is growing worldwide among companies, industries and governments.
→ The coming year will bring major new product cycles with exceptional innovations that will help propel the industry forward.
In post-market trading, NVDA's price rose 11% to over USD 740 per share. Thus, the price increase for NVDA since the beginning of 2024 is about 50%.
The NVDA stock chart shows that:
→ the USD 740 level acted as resistance in February;
→ however, taking into account the post-market price, we can assume that today at the opening of trading this resistance level will be broken and in the future, according to the logic of technical analysis, will begin to provide support;
→ in this case, a rebound will be formed from the lower line of the channel (shown in blue) and a wide bullish gap.
It's likely that the excitement surrounding Nvidia's strong report will continue. But the closer the price of NVDA rises to the upper border of the channel (which is located around the psychological level of USD 800), the more signs of overbought there will be on the indicators — therefore, the preconditions will be created for a correction after the extraordinary growth.
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NVDA to AMD Ratio Comparative ValueHere on a daily chart I have the ratio of shares of NVDA to AMD and so the market caps
proportions. From September 2022 and for a year NVDA rose more than AMD and so the ratio
rose. From September 2023 to January 2024, NVDA fell as compared with AMD perhaps because
AMD's rate of rise on a percentage basis exceeded that of NVDA. Since the first of the year,
the ratio is rising meaning NVDA is gaining share price faster than AMD. If a trader could switch
between these, the ratio represents a way to determine which to sell and which to buy at any
given time. Right now, NVDA is the buy until the ratio curve reverses.
Natural Gas, Uranium & NvidiaNatural gas has made an epic 2 day rally off the 52 week lows.
Looks like the Covid support zone is holding & we can move higher off of tight consolidation.
Uranium is into some minor daily chart support, a bounce is likely off the EMA 113.
Nvidia reported earnings and had a double beat. This stock was up over 10% in the after-hours. Completely saving and rallying the Nasdaq. Semis will be hot tomorrow, the question is, do they hold their gains?
NVDA: the sky didn't fallIf you have taken advantage of the 20% drawdown in Aug-Sep, then a 16% rally this month, then congrats to you. Right now, the final leg of correction is in progress before the next bull run starts. Today we might have seen the sharp a wave of Y. Things might slide a bit more, but a bounce should be incoming. After the bounce we should see the final leg down, when everyone and their mothers will scream head and shoulders. But, most likely that will not play out the way bears want. Sure, there a lot of room to fall, but NVDA is in a very strong position despite the political drama. If things go down, my bet would be that one of the fib support areas will hold and price will make another ATH by Q1 next year. As for my trading plan, I will sit this one out and wait for a bullish confirmation to enter, rather than shorting this right now.
Nvidia Stock Drops Ahead of High-Stakes Earnings ReportNvidia ( NASDAQ:NVDA ) has long been hailed as a prime beneficiary of the AI boom, with analysts projecting staggering revenue growth in the fiscal fourth quarter. However, with the stock trading at a hefty valuation and investors expecting nothing short of a blowout earnings report, there's little room for error. Any hint of disappointment could send shockwaves through the market.
The recent sell-off hasn't gone unnoticed by seasoned investors. Bill Baruch, founder and president of Blue Line Capital, revealed that his firm had opted to cash in on Nvidia's ( NASDAQ:NVDA ) meteoric rise by selling a portion of their stake. Citing "tremendous call speculation" and a fear of an impending correction, Baruch's move underscores the prevailing sense of caution among market participants.
Yet, amidst the sell-off, analysts have been revising their estimates upwards, underscoring the underlying strength of Nvidia's business. Server manufacturers have reported a surge in demand, fueling optimism about the company's near-term prospects. But the question remains: will Nvidia's results exceed even the loftiest of expectations?
The uncertainty surrounding Nvidia's ( NASDAQ:NVDA ) earnings report has broader implications for market sentiment. As the fourth most valuable company in the S&P 500, Nvidia's performance could have an outsized impact on the index. With investors hungry for ever-greater returns, the pressure is on for Nvidia ( NASDAQ:NVDA ) to deliver, lest it disappoint a voracious market.
In many ways, Nvidia's ( NASDAQ:NVDA ) rollercoaster ride encapsulates the volatile nature of tech investing. As investors brace for the earnings report, all eyes are on Nvidia ( NASDAQ:NVDA ) to see whether it can defy expectations once again.
Nvidia's Stock Rally Hits a Speed Bump Ahead of Quarterly Report
The exhilarating ascent of Nvidia's ( NASDAQ:NVDA ) stock throughout the early months of the year has abruptly stalled, casting a shadow of uncertainty among investors eagerly anticipating the company's forthcoming quarterly report. What was once a scorching rally has now encountered a significant setback, with Tuesday witnessing a notable 5.3% dip in Nvidia's ( NASDAQ:NVDA ) share price, settling at $687.91. If these losses persist, it could mark the most substantial percentage drop in over eight months, underscoring the apprehension prevailing in the market.
Balancing High Expectations Against Soaring Valuation
Nvidia's ( NASDAQ:NVDA ) meteoric rise has been nothing short of remarkable, catapulting the chip designer into the spotlight of the AI revolution. With a staggering 40% surge in its stock value this year alone, Nvidia ( NASDAQ:NVDA ) has ascended to the rank of the third most valuable U.S. company, trailing only behind tech behemoths Microsoft and Apple. However, the soaring trajectory of its stock has inevitably led to questions regarding the sustainability of its towering valuation. Amidst mounting anticipation surrounding Nvidia's quarterly results, investors are grappling with the critical question: will the company's performance justify its lofty market capitalization, which stood at a staggering $1.79 trillion as of last Friday?
Navigating Uncertainty in the AI Landscape
As Nvidia ( NASDAQ:NVDA ) braces for its upcoming quarterly earnings report on Feb. 21, analysts and investors alike are poised for revelations that could either reignite the fervor surrounding the stock or trigger a significant market recalibration. Analysts' projections paint a picture of optimism, with expectations set at earnings of $4.56 per share and a substantial revenue increase to $20.378 billion from $6.05 billion a year earlier. Nevertheless, the specter of disappointment looms large, with Nvidia's remarkable run in the early months of the year raising the stakes significantly. Against this backdrop, the company finds itself under intense scrutiny, with market watchers insisting that anything short of stellar performance may leave the stock vulnerable to a pronounced downturn.
In the face of such heightened expectations, the implications extend far beyond Nvidia's immediate fortunes, reverberating across the broader landscape of AI-focused stocks. Super Micro Computer and Arm Holdings have already felt the ripple effects, witnessing declines of 11.6% and 7.3%, respectively. Even Advanced Micro Devices, which had enjoyed double-digit gains year-to-date, finds itself caught in the undertow, shedding nearly 6% amidst the prevailing uncertainty.
As Nvidia ( NASDAQ:NVDA ) braces for the pivotal unveiling of its quarterly results, the company finds itself at a crossroads, tasked with delivering results that not only meet but exceed the lofty expectations set by the market. With options pricing indicating a potential swing of about 11% in either direction following the earnings announcement, the stage is set for a high-stakes showdown that could reshape the trajectory of Nvidia's stock and reverberate throughout the AI landscape. As the company prepares to navigate the turbulent waters ahead, one thing remains abundantly clear: in the realm of AI, the margin for error is razor-thin, and the consequences of falling short are equally unforgiving.
Nvidia shareholders get a reality checkThat ole' cliche..."the faster something goes up...the faster it comes down". I am not ready to state with certainty that NVDA has completed a major top, but watch the price level of $599. Below that level and guidelines state that we're probably not dealing with a wave 4, which is my ALT count.
Best to All,
Chris
Nvidia - It Is Finally TimeHello Traders, welcome to today's analysis of Nvidia.
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Explanation of my video analysis:
In 2019 Nvidia stock started creating a long term rising channel and retested the lower support trendline the last time in 2022 before we saw a massive +600% rally on this stock. Nvidia is now retesting the upper channel resistance which I mentioned in the analysis and there is a quite high chance that we will see at least a short term correction towards the downside from here.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Bullish Momentum For NVIDIANVIDIA's stock is soaring to new heights, and there's no sign of slowing down!
After several attempts, finally broke through a major resistance level at $500 and gearing move make another surge on the upside.
With a powerful combination of AI innovations and impressive market performance, this tech giant is taking the world by storm. 🌍💡
In the past week, NASDAQ:NVDA has hit multiple all-time highs, and its options volume is breaking records!
The future looks bright for NVIDIA, and we're all aboard this unstoppable train! 🚂💰
Swing Position - 1 ITM Contract NVDA 3/15/2024 Call $530 🏌️♂️
A Traders’ Weekly Playbook: After record levels comes chopOn the week we learnt that the UK and Japan are in a technical recession, although this meant little to markets and perhaps the bigger issue in Japan was the steady stream of pushback from key Japanese officials on recent JPY strength.
US retail sales fell 0.80% in Jan, a sinister turn when both US CPI and PPI were far hotter than expected, putting us on notice that the US core PCE print (due on 29 Feb) could be above 0.4% MoM - which if seen a year ago would have been a trigger for the Fed to hike by 25bp. The Feb CPI print (due 12 March) will get huge attention, and while some way off is a key date for the diary.
Among a barrage of ASX200 companies reporting, we also saw a poor Aussie employment report, which put great emphasis on the February employment report (due on 21 March) given economists (and the ABS) expect a solid snapback in hiring in this data series. The ASX200 eyes new ATHs, and key earnings from the likes of BHP, RIO, QAN and WOW this week could take us there.
In markets, the USD gained for a sixth straight week, although a 0.2% week-on-week (Wow) gain was more of a stealth grind higher than an impulsive one-way tear. Assisting USD flows was a reduction in US swaps pricing, where we started the week with 113bp of cuts priced by December 2024, and finished with 91bp (or 3.6 cuts), which helped lift the US 2YR Treasury to 4.64% (+16bp on the week). If the market hadn’t already amassed a sizeable USD position, then one could argue the USD move would have been higher.
The EURUSD weekly shows indecision to push the pair lower and a move above 1.0805 (last week's high) and should take the pair through 1.0828 (200-day MA) and onto 1.0865, which would be a level I’d be looking to fade longs on the week.
While we saw the US500 0.4% lower on the week, we saw the prior week's low of 4918 (and the 5-week EMA) holding firm, with traders selling the VIX index above 15%. While US cash equity will be closed Monday for Presidents Day, I’m expecting choppy trade through to Thursday - so the intraday environment for day traders could get a little messy and it will pay to be nimble.
The NAS100 was the underperformer last week but should attract good attention from clients this week with Nvidia’s number due out on Wednesday (after the cash close), and where the market eyes some punchy in reaction to the headlines, which could spill out into AI names more broadly.
The Year of Dragon got off to a solid start for China equity outperformed, notably in the small-cap space (the CSI500 closed +10% WoW) and we see the CN50 index looking compelling for further upside, and I see 12,000 coming into play. While National Team flows and PBoC liquidity have supported China/HK equity, economics do matter, so put the China Prime rate decision and new home sales data on the radar to potentially influence this week.
On the China proxy theme, Copper etched out a solid move on the week although we have seen selling interest into $3.80. Crude is also getting attention from traders, with price gaining 3.4% WoW and testing the 29 Jan pivot high. Moving in a bullish channel we see upper trend resistance into $80.50 – a level to put on the radar.
Staying in the commodity theme, silver (XAGUSD) has found good buying interest off $22 and has closed above the double bottom neckline and the 200-day MA – upside into $24.00/50 looks possible. On the ag’s, cocoa and wheat come on the radar as short set-ups, while corn has seen a solid bear trend since October but indecision in Friday's price action, suggests traders are on notice for a small reversal this week.
The marquee event risks for traders to navigate:
Monday
US cash equity and bonds are offline for Presidents Day – futures will be open but will close early.
Tuesday
China 1 & 5-year Prime Rate (12:20 AEDT) – The market sees the 5-year Prime rate lowered by 10bp to 4.1%, while the 1-yr rate is expected to remain at 3.45%. The Prime rate is the benchmark rate by which households can borrow from Commercial banks. We may see some disappointment in China's equity markets if the PBoC refrain from easing, which has been the trend of late. This time may be different, so conversely, a deeper-than-expected cut across both tenors may see traders adding to an early long position in the CN50 index.
Wednesday
Canada Jan CPI (00:30 AEDT) – The consensus is we see Canadian headline CPI coming in at 3.2% (from 3.4%) and core CPI unchanged at 3.6%. The CAD swaps market sees the first cut from the BoC occurring at either the June or July meeting. A core print above 3.6% should see good CAD inflows, while below 3.4% should interest CAD sellers. The GBPCAD (daily) setup is on the radar, where a closing break of 1.6950 would inspire short positions for 1.6800/1.6750.
Australia Q4 Wage Price Index (11:30 AEDT) – the median estimate from economists is for Q4 wages to increase 0.9% QoQ & 4.1% YoY (from 4%). The AUD may see a small move on this data point, but it will naturally be dependent on the extent of the outcome vs expectations. A wage print above 4.3% would be a big surprise and get some attention from Aussie rates traders who see the first cut (from the RBA) at the August meeting.
Nvidia Q424 earnings (after-market) – as noted in the Nvidia preview the options market prices a substantial -/+11% move on earnings. Naturally this sort of reaction – if it plays out - has the potential to cause big volatility in the NAS100 and US500 after the cash market close, so it is a clear event risk.
Thursday
FOMC meeting minutes (06:00 AEDT) – the January FOMC minutes should be a non-event given it predates last week’s stronger US CPI and PPI print. Any colour on an early end to QT may get some focus though.
EU HCOB (flash) manufacturing & services PMI (20:00 AEDT) - the market looks for the EU manufacturing index to print at 47.0 (from 46.6) and services at 48.8 (from 48.4). If these median expectations prove to be correct, then we would see a slight improvement in the pace of decline, which is modestly EUR positive. Seems unlikely we see a sizeable reaction in the EUR unless we see services above 50.0.
UK S&P (flash) global manufacturing & services PMI (20:30 AEDT) - the market looks for the UK manufacturing index to print at 47.5 (47.0) and services at 54.5 (from 54.3). So, a slight improvement is expected in both metrics. A service PMI print above 55 could see increased movement in the GBP and cement expectations the BoE will look to cut rates from August. GBPUSD needs a catalyst as it tracks a tight sideways range, while I hold a preference for GBPNOK lower, with GBPCAD shorts a potential trade I’m looking at.
Friday
S&P Global US Manufacturing & Services PMI (01:45 AEDT) – the market looks for manufacturing index to print at 50.5 (from 50.7) and services at 52.1 (from 52.5). Any reading above 50 shows expansion from the prior month, so if the consensus proves to be correct then both metrics will show expansion but at a slower pace. Hard to see a pronounced move in the USD or US equity unless we see a sizeable beat/miss.
China New Home Prices (12:30 AEDT) – China’s new home prices have fallen every month since May 2023, so further falls seem likely in the January series. China equity may find sellers if we see the pace of decline increases from the December outcome of -0.45%. Any improvement in the pace of decline could be taken well by the CN50 and HK50 Index which are already seeing tailwinds courtesy of National Team buying.
ECB 1 & 3-year CPI expectations (20:00 AEDT) – there is no consensus by which to price risk for the EUR, but consider the last estimate was 3.2% and 2.5% respectively. Any impact on the EUR will come from the extent of the revisions. June remains the likely forum for the ECB to start a cutting cycle. Biased long of EURJPY given the bullish momentum for 163.
US Politics – The South Carolina REP Primary is held on Saturday – will this be the stage for Nikki Haley to formally exit the REP Nominee race?
Marquee corporate earnings reports
• US corporate earnings – Home Depot (Before-market 20 Feb), Walmart (Before-market 20 Feb), Nvidia (After-market 21 Feb)
• ASX200 Corp earnings – COH (19 Feb), BHP (20 Feb), WOW (21 Feb), RIO (21 Feb), QAN (22 Feb), FMG (22 Feb)
• HK Corp earnings – HSBC (21 Feb)
$NVDA Nvidia Momentum Indicator A momentum indicator is a technical analysis tool used to measure the rate at which the price of a security is changing. It compares the current price of an asset to its price at a previous point in time, typically over a specified period. This comparison helps traders and investors gauge the strength and direction of price movements. Momentum indicators are often used to identify potential trend reversals, confirm the strength of an existing trend, or generate buy and sell signals. Examples of popular momentum indicators include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator.
NVDA Topped OutHello Birdies,
The stock marketer biggest mover who has the responsibility to keep the market up is topped out. Since June it is in distribution phase.
The price is at 1.618 fib level and also taking resistance at fib circle.
Once it broke down from yellow line thats the start of bearish trend.
The targets are on the line which were converted into support its time to retest and confirm them as support.
NVDIA targeting $1150 before a correction.Arguably one of the hottest (if not the hottest) stock in 2023 has been NVDIA Corporation (NVDA), currently sitting at roughly + 570% from its October 2022 market bottom. Our December 18 2023 long (see chart below) hit its target, with the price even soaring higher:
The question is, will it keep rising or finally give way to a proper correction or at best consolidation? Based on the vastly overbought 1W RSI (84.00), we are approaching levels of May 2022, which gave way to July's consolidation.
That consolidation however (July - December 2023) is identical to those of September 2020 - March 2021 and January - April 2017. All three consolidation phases took place in the middle of a Channel Up, broke below the 1D MA100 (red trend-line) but found Support and rebounded on the 1W MA50 (blue trend-line). Note that between all Channel Up patterns a strong correction took place that reached as low as the 1W MA200 (orange trend-line). The correction phase was confirmed only after the price broke below the 1W MA50.
As a result, as long as the 1D MA100 holds and closes all 1W candles above it (or at worst the 1W MA50), we expect NVDIA to hit at least $1150, which would represent a rise marginally below +207.00% from the consolidation's bottom. As you can see on the chart, the previous 2 Channel Up patterns, peaked on the same % range (+207% and +210%) from their respective consolidations.
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Nvidia at resistanceNVidia has reached the line linking the lows since 2022.
It is also showing some negative divergence on the momentum RSI-5 indicator.
Would be expecting a pullback towards at least the $600 area, even maybe the $505 area.
A break above the recent high near $750 would invalidate this view.