NVDA, a slightly greedy playI've included a weekly trade plan for NVDA (Nvidia) with points to watch at the weekly close, need a close below green support right now, this week should give a strong signal. We've already had a strong rejection at the purple and SPX is suggesting a fall to 4000's, low 4100's, this should give us enough room to finish the move.
Once that happens we have to capture a 24% swing to low as that's a strong support area, where we will be looking for re entry short or long depending on the general market and index positioning.
NVDA
7 Mega Cap Tech Stocks Forecast part 2 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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17:14 Nvidia Stock NVDA Forecast Technical Analysis
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NVDAPossible head and shoulders set up. I think we bounce here off the neckline back to around 460. This is just from a technical view news could possibly alter this but I was right on the recent drop to 420 so I think a move back to 465 should be appropriate and NVDA makes large 20pt moves like nothing so its really not that big of a move in reality.
Natural Gas Price Forecast & 7 Mega Cap Tech Stocks Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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09:22 QQQ Stock Price Forecast
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13:25 Tesla Stock TSLA Forecast Technical Analysis
14:50 Nvidia Stock NVDA Forecast Technical Analysis
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Natural Gas Price Forecast & 7 Mega Cap Tech Stocks Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
02:34 AMEX:UNG Stock Forecast
04:04 USO Oil Stock Forecast
05:34 Gold XAUUSD Stock Forecast
06:37 US dollar DXY Stock Forecast
07:47 Silver XAGUSD forecast
09:22 QQQ Stock Price Forecast
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13:25 Tesla Stock TSLA Forecast Technical Analysis
14:50 Nvidia Stock NVDA Forecast Technical Analysis
17:14 Apple Stock AAPL Forecast Technical Analysis
18:00 Amazon Stock AMZN Forecast Technical Analysis
18:57 Google Stock GOOGL Forecast Technical Analysis
19:46 Microsoft Stock MSFT Forecast Technical Analysis
21:29 Meta Forecast Technical Analysis
NVDA - Playing (with?) the crowdBesides all the crazy news, I don't believe this company what they say. IMO they just play with the crowd and make nice gains from the News they spread via the media.
That's just my opinion, and I'm maybe wrong.
But what about the information we can gather from the chart?
I have hidden the huge GAP so that we can focus on the last weeks and days.
There is a big bounce from the top that to me looks like a Flag, steering in my face. Bulls would argue that is a huge Long signal, right? OK, so be it...
But what do my eyes see that makes me wake up at night?
Price broke out of this Flag/bounce and within one single bar it was able to reach the Center line. This is not the norm, it's not natural.
Second, watch the volume in bar 1 and 2.
Should volume not explode if such a breakout is real?
Well, it was not real in my trading world.
The Market Maker just opened price higher, that's it.
No real buyers there, just another GAP to push the price of NVDA higher. Maybe someone will appreciate this and unload it's stock? Hmmm...
And where did it stopped?
Right at the CL. As I always say: You can fake it, but you can't hide. §8-)
My current conclusion?
1. NVDAs price is way too high. The company is not worth the current price.
2. Volume does not confirm higher price. It was made artificially by open higher and push it upwards.
3. The Center line is reached. Price found it's current balance.
So, should we short it?
Absolutely NOT!
Without any clear indications after earnings, I don't touch this bad Boy §8-)
I just watch this movie and learn...
Natural Gas Price Forecast & 7 Mega Cap Tech Stocks Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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07:44 QQQ Stock Price Forecast
11:04 Sp500 ETF Price Forecast
12:18 Tesla Stock TSLA Forecast Technical Analysis
13:28 Nvidia Stock NVDA Forecast Technical Analysis
15:21 Apple Stock AAPL Forecast Technical Analysis
16:34 Amazon Stock AMZN Forecast Technical Analysis
17:23 Google Stock GOOGL Forecast Technical Analysis
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Natural Gas Price Forecast & 7 Mega Cap Tech Stocks ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias
- Natural Gas Natgas Stock in a daily uptrend
- natural gas ideally bounce at 3.18
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00:00 Seasonality Data
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05:33 Tesla Stock TSLA Forecast Technical Analysis
07:13 Nvidia Stock NVDA Forecast Technical Analysis
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10:45 Google Stock GOOGL Forecast Technical Analysis
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NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastWelcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
00:00 Rate Hike Data, Earnings Report, Economic Data
02:44 QQQ Stock Price Forecast
05:23 Sp500 ETF Price Forecast
06:42 Tesla Stock TSLA Forecast Technical Analysis
09:40 Nvidia Stock NVDA Forecast Technical Analysis
11:41 Apple Stock AAPL Forecast Technical Analysis
12:46 Amazon Stock AMZN Forecast Technical Analysis
14:03 Google Stock GOOGL Forecast Technical Analysis
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16:15 Meta Forecast Technical Analysis
Nvidia Stock Takes a Hit as Biden Administration Targets Chin...Nvidia Stock Takes a Hit as Biden Administration Targets Chinese Access to AI Chips
Nvidia Corporation, a renowned fabless designer of graphics processing units (GPUs), witnessed a 3% dip in its stock price on Friday in response to actions taken by the Biden administration to restrict Chinese access to state-of-the-art computer chips used for artificial intelligence (AI). Specifically, Nvidia's H100 Tensor Core GPU is expected to be affected by these new regulations.
Nvidia's stock movement ran counter to the Dow Jones, which experienced gains attributed to robust earnings results from JPMorgan, Citigroup, and Wells Fargo, outperforming Wall Street consensus. Meanwhile, the NASDAQ Composite and the S&P 500 seemed unaffected by the banks' success and moved in the opposite direction.
Nvidia's Stock and Chinese AI Chip Bans:
Last autumn, the Biden administration initiated a ban on the export of Nvidia's H100 and A100 GPUs to mainland China, both of which play pivotal roles in generative AI and military applications. Advanced Micro Devices' MI250 accelerator chip was also impacted by this ban. At the time, Nvidia estimated that the new regulations could result in up to $400 million in lost sales.
However, recent reports by Reuters reveal that the administration has identified mainland companies accessing AI chips via a loophole that allows overseas units of Chinese corporations to continue procuring these products. These foreign subsidiaries either illicitly transport the chips to the mainland or facilitate remote access to the chip technology, despite operating far outside China's borders.
According to Reuters: " he very chips barred by US regulations could be purchased from vendors in the famed Huaqiangbei electronics area in the southern Chinese city of Shenzhen."
Complete Restriction Challenges:
It remains uncertain how Washington can effectively block China from accessing AI technology. Chinese corporations are already finding ways to access this technology through third-party channels, including Amazon Web Services, which employs these chips in its cutting-edge data centers.
As of the time of writing, Nvidia's stock has decreased by 0.8%, trading at $465 per share. However, investors need not be overly concerned. Nvidia's stock has been on an upward trajectory since it hit a low of just below $410 on September 21. This steady ascent, spanning over three and a half weeks, shows no immediate signs of slowing down.
Nvidia continues to navigate the complex terrain of international regulations and the ever-evolving tech industry, making it a company to watch closely in the coming months.
NVDA Can Fall NVDA Can Fall:
NVIDIA hit the 161.8 Fibonacci extension and took a little correction. It has been consolidating for some time but also forming a diamond pattern. Although this pattern is not one of the strongest, if it plays out, the market can fall below the FCP zone. Or even the previous high level with a 200sma (daily time frame) confluence and trend line.
This can have a knock-on effect on NASDAQ 100 (US100).
Something to watch out for.
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Natural Gas Price Forecast & stock market update00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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26:31 Meta Forecast Technical Analysis
NVDIA Buying confirmed. $510 is the target.NVDIA is making the 2nd test of the 1day MA50 today under a 1day MACD Bullish Cross, the first formed that low since January 10th 2023.
We have used this Fibonacci Channel for our previous trade (chart at the bottom) and we will stick to that, as the price is rising after a Higher Low.
We may see a diverging Channel Up however, keep that in mind.
Once the price closes over the 1day MA50 buy and target 510 (+24.30% rise).
Previous chart:
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NVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
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06:19 Gold XAUUSD Stock Forecast
07:53 US dollar DXY Stock Forecast
08:43 QQQ Stock Price Forecast
10:06 Sp500 ETF Price Forecast
11:08 Tesla Stock TSLA Forecast Technical Analysis
12:06 Nvidia Stock NVDA Forecast Technical Analysis
12:52 Apple Stock AAPL Forecast Technical Analysis
14:21 Amazon Stock AMZN Forecast Technical Analysis
15:29 Google Stock GOOGL Forecast Technical Analysis
16:43 Microsoft Stock MSFT Forecast Technical Analysis
17:45 Meta Forecast Technical Analysis