NVDIA Channel Up ready to explode in 2025 for a $350 target.NVIDIA corporation (NVDA) has started the week on a bullish 1W candle, following last week's reversal pattern. Technically that reversal is being formed exactly at the bottom of the long-term Channel Up pattern that started on the October 10 2022 market bottom.
This 2-year pattern is technically very similar to the Channel Up that started on the weekly bottom of December 24 2018. The similarities between the two patterns are striking. As you can see both started after an oversold 1W RSI (<30.00) touch, which then formed Higher Lows, making the price rebound on the 1W MA200 (orange trend-line). Then, using the 1W MA50 (blue trend-line) as the Support, the 2019 - 2021 Channel Up expanded all the way to the 6.0 Fibonacci extension, until the eventual break below the 1W MA50 and the 2022 Inflation Crisis.
Observe also how similar their 1W RSI sequences are. Right now it appears that we are after a technical pull-back similar to May 10 2021. The 1W MA50 is supporting and the 1W RSI (which has already made a Double Bottom rebound (green circles)) is bouncing off its MA (yellow trend-line) and looking for a break-out above the (dotted) Channel Down.
We have already set two Targets ($190 and $240) for on NVDIA on our previous analysis, but this time we move a little further, making a projection for the end of this Cycle. And the final Target is $350, exactly on the 6.0 Fibonacci extension, the level that formed the November 22 2021 Top.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
NVDA
Direxion Semiconductor 3x Bull | SOXL | Long at $30.00So many semiconductor companies... which one to choose? Enter AMEX:SOXL - not for the faint of heart. Losses and gains triple compared to most semiconductor ETFs, so stay away if high-risk plays aren't your thing. The top three holdings are NASDAQ:AMD , NASDAQ:AVGO , and NASDAQ:NVDA - two of which are at all-time highs...
I wouldn't be shocked if AMEX:SOXL enters the low $20's to test the base of my historical simple moving average area, but I don't think we are done hearing about AI and the semi demand. There are large gaps to fill above and below the current price and we are at the 50/50 stage (i.e. historical simple moving average zone) for a price move up or down.
My bet is up, especially with the new presidential administration. If politicians start dumping semis, I'm out. Thus, at $30.00 AMEX:SOXL is in a personal buy zone.
Target #1 = $35
Target #2 = $40
Target #3 = $50
Target #4 = $60
NVDA to $180 or $190 in 35 days ?NVDA is re-entering an upward channel that began on August 5, 2024, when it hit a low of $90.69 following its 10:1 stock split. This movement coincides with the stock surpassing the key $140.76 high recorded on June 20, 2024, which we identify as the end of Wave 3 in its major bullish cycle .
After the Wave 4 correction , which took the price from $140.76 down to a low of $90.69 on August 5, 2024, NVDA appears to have started a Wave 5 . This wave has the potential to drive the price to $180.00, or even $190.00, possibly by Friday, January 17, 2025 , the last trading session before the inauguration of President Donald Trump.
Our Perspective on NVDA's Major Bullish Cycle
We divide this cycle into the following stages, based on Elliott Wave theory:
Wave 1
Period: May 13, 2016, to November 22, 2021
Price movement: from $1 to $34.65 (+3365%)
Wave 2
Period: November 22, 2021, to October 13, 2022
Price movement: from $34.65 to $10.81 (-68%)
Wave 3
Period: October 13, 2022, to June 20, 2024
Price movement: from $10.81 to $140.76 (+1202%)
Wave 4
Period: June 20, 2024, to August 5, 2024
Price movement: from $140.76 to $90.69 (-36%)
Wave 5 (in progress)
Estimated period: August 5, 2024, to January 17, 2025
Projected price movement: from $90.69 to $180.00 (channel midpoint) or $190.00 (channel top) (+100% projected).
Key Levels to Monitor
$180 as the channel midpoint , and $190 as the upper limit by January 17, 2025.
If NVDA exits the upward channel and breaks below $131, we will exit our position in the stock .
Our opinion is for educational purposes only and should not be considered a recommendation to buy. Before making any investment, consult with your financial advisor.
SMCI, the worst is likely behind usSMCI has crashed from this years highs, a good 80%.
To me it sounds like the worst has happened. And while we may see some positivity this EOY that can help us reach new ATHs, we must remain aware of the risk the broad economy poses.
Target is 130+ short term, with one more 50%+ drop coming right after.
I would make sure I have the funds ready to scoop up shares if such a scenario happens. As the second dip doesn't look as bad as the first one.
After that SMCI will resume its lifetime bullish climb, and keep on going for as long as the bull market lasts.
NVDA Stock Surge: A Technical Analysis PerspectiveBased on Elliott Wave (EW) 2.0 analysis and the Fibonacci retracement tool, NVDA has shown a significant bounce recently, indicating potential future gains.
Elliott Wave 2.0 and Fibonacci Insights
Using the advanced EW 2.0 theory, we have observed a retracement for wave 3, with NVDA bouncing impressively from the $90 mark. The Fibonacci retracement tool, which complements EW analysis, highlighted this key support level. This confluence of technical indicators suggests a robust bullish trend.
Target Price and Timeline
Based on this analysis, NVDA is projected to reach at least $140. This anticipated move aligns with the upcoming U.S. presidential election, providing a potential catalyst for continued momentum in the market.
Investors should consider these technical insights and market conditions when evaluating NVDA's potential. As always, it's important to conduct thorough research and consult with your financial advisor before making investment decisions.
$TSLA Monthly retrace on the way. I like to think of ,myself as a pattern chart trader... This monthly screams rejection imo, especially with the .78 Fib looming 💬 ... I took a weekly lotto today for $330 strike at contract lows.... Let's see what happens.. will enter a January Put for sure after this ..
just the beginingAfter a significant decline, watching how people with little ethics try to attack a company, we can now see the appreciation of a stock that hadn't risen at all during the AI frenzy. Now, as it resolves its issues, we can observe growth in sales and profitability, revealing a bright outlook.
We are at the beginning of a bull flag pattern that points to an 80% upside
BTC loosing momentum DEC1 2024 read notes The goal here is not to hit $100,000 . Don't get diverted from the goal. My goal is to book profit right at the target of $100,000 & exit. It can do $101,000 & you will be very happy as your accounts will be green but trust me highest probability is that it will touch $100,000 and get down as it is loosing momentum for sure.
Keep your Stops tight.
NVIDIA - Still a few chips in the bag! 35% UpsideChart #11/ 40: NASDAQ:NVDA 💾
-Bull Flag Breakout with retest
-H5 Indicator is Green
-Williams Consolidation Box has broken support. If the H5 Indicator rolls over to red at the same time it's a SELL
-Hasn't reached Bull Flag Measured Move yet.
📏 $189.52 ⏳ Before April2025
NFA
AAPL: 2025 Strategic Outlook: 75%+ BUY/HOLD🔸Time to update the AAPL outlook, this is 2D price chart, we are
currently entering overpriced zone and limited upside in AAPL
going forward.
🔸AAPL price action is contained within rising bullish price channel
established since 2021. Havin said that we've entered premium / overprice
zone and I'm expecting limited upside going forward over the next few
month. Risk/reward is favoring a pullback/correction before a healthy
uptrend can resume in 2025.
🔸Recommended strategy bulls: expecting pullback/correction to start
in Q1 2025, 20/25% pullback is normal and therefore we may hit
170/180 USD in the correction stage of the bull market in AAPL. Bulls
should wait for better prices / reload zone near 170/180. TP BULLS
is 260/280 USD. this is obviously a setup for patient traders, do not
expect overnight gains in this market. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
100% upside The Best Level to BUY/HOLD TSLA🔸Hello traders, today let's review 4hour chart for TSLA. Strong push
after the Trump elections victory recently, however expecting limited
upside immediately going forward TSLA facing strong overhead
resistance at 360/415 this will cap upside short-term.
🔸Almost 100% gains off the lows with this recent bullish rally,
so expecting pullback/correction on profit taking intro key S/R zone
at 360/415 usd. Having said that chart pattern looks strong and I expect
more future gains in TSLA after the pullback.
🔸Recommended strategy bulls: wait for TSLA to pullback after we hit
overhead resistance at/near 360/415 usd, best reload zone bulls is
265/275 usd this is also an area with liquidity gap so will get re-tested
before the bull run resumes. Final TP bulls +100% gains 500/550 USD.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
US Equity Secular Bull Cycle, $SPX 24' Price Target, 2025 BeyondUS EQUITY
S&P 500 INDEX
BOHAN
The S&P 500 Index SP:SPX monthly chart: Over the past 30 years, the US stock market has weathered the personal computer cycle, the dot-com bubble, the social media cycle, and the subprime mortgage crisis. The most recent epic crash was the 2020 pandemic. Since then, the US stock market has continued its secular bull cycle, fueled by quantitative easing (QE) that began in 2008. We saw a bull market from 2020-2021 driven by QE, a bear market in 2022 due to interest rate hikes, and now, in 2023-2024, we are entering the Web 3.0 and AI era. So, where is the next epic crash? And will there be another bull cycle after that?
1.) No one can accurately predict the market. The first step to improving your COGNITION is to grasp the rules of the human system. The essence of society is that the rich exploit the poor, and the essence of the stock market is that institutions exploit retail investors. Only market makers, institutions, and family offices know what's going on because they set the game, and we're just playing it. As retail investors, the best we can do is improve our cognition, conduct in-depth research on the US stock market, and arrive at high-probability answers.
2.) Understanding dollar dominance is key to understanding society. The US established a new world order, shifting societal control from religion to currency. Wars are fought to defend the dollar's status. After the gold standard was abolished, the US dollar became the world's reserve currency, effectively ruling the world.
The long bull and short bear cycles in the US stock market rarely stem from fundamentals like earnings per share (EPS). They are mostly driven by the Federal Reserve's unlimited quantitative easing (QE) Cycles - printing money, issuing bonds, having debtor nations foot the bill, and injecting liquidity into the stock market.
Therefore, the US equity market is essentially a liquidity platform. Unless there's a World War III, US assets are the only ones suitable for long-term investment due to currency dominance. Invest long-term, dollar-cost average, and if there's an epic crash, keep buying the dip.
3.) S&P 500 (SPX) target price for the end of 2024: 6200+
Macros: The Fed's broad money supply (M2) is still growing, and QE continues.
Fundamentals: Strong corporate earnings growth, fueled by the AI era.
Technical: A 4-year weekly uptrend channel since 2020, plus institutional positioning JPMorgan's JPM Collar Positions: STO SPX 6055 C DEC 21 @$50.00 + x 39600) indicates significant buying pressure.
4.) Expecting a pullback in 2025, but the secular bull market will persist.
Macros: Short-term cyclical factors like tariffs might have an impact, but the long-term trend remains intact due to continued QE.
Fundamentals: Big tech valuations might become more reasonable, especially Nvidia. However, long-term EPS for Nvidia could reach $4.00, and overall corporate earnings growth remains strong.
Technical: The 4-year weekly uptrend channel might encounter resistance, and the JPM Collar positions could see a shift from buying to selling. However, significant open interest in SPX options with high gamma at 6300, 6500, and 7000 suggests institutional bullishness for mid-2025.
Even with a 15% to 20% correction, we should continue to buy the dip, as the secular bull cycle is expected to persist.
5.) The secular bull cycle is projected to last from 2008 to 2030. An epic crash might occur at the end of this cycle, followed by another major bull market. The potential cause of the crash would be the end of QE and a resulting liquidity crisis. This is speculation, of course, but the principle of dollar dominance suggests that as long as US hegemony remains, any crash presents a buying opportunity.
*The above analysis is for informational purposes only and does not constitute investment advice.*
Holiday Markets and All Markets Spot CheckLimited trading for the remainder of the week in the US with Thanksgiving
We've notched a few all-time highs in the US markets but without any major surges. Low volume and light activity have been pretty apparent as the post election rips have settled down somewhat.
US data still in line before FOMC on Dec 18. Current FED Watch Tool showing a 64% probability of the FED still cutting 25 bps before end of year. This will be an important message from the FED to the markets on how the FED plans to adjust monetary policy in 2025 (pause, hold, cut, hike).
DXY and USD related crosses showing signs of nice movement (weaker dollar). Let's see if that is a stronger reversal pattern with follow through as many USD pairs are at strong support/resistance levels to show some reactions.
I'm not aggressively positioning on anything currently. If the melt-up continues, it's pretty easy and steady gains. If we have any flinch or pullback before end of year, I'll have my hedges in profit to help offset drawdowns. The best path for me is management both ways and inexpensive protection to the downside.
Thanks for watching!!!
C3.AI is going higher and presenting a buying opportunity!NYSE:AI is going higher and presenting a buying opportunity!
100% Potential Upside! 📈
In this video, we dive into NYSE:AI , a powerhouse in the AI sector, currently breaking out of a Falling Wedge Pattern!
💡 Key Highlights:
-H5 Indicator: Flashing green for a bullish signal
-Flipping a 4 year resistance area to support
-Volume Insights: Massive GAP to fill
-Technical Analysis: Consolidation box formed on WR%
Targets:
🎯$35
🎯$39
🎯$49
📏$58
Don't miss out on the potential explosive growth of AI! Tune in to see why this stock could be a game-changer!
NFA
NVIDIA $NVDA | NVIDIA EARNINGS REPORT Nov. 20th, 2024NVIDIA NASDAQ:NVDA | NVIDIA EARNINGS REPORT Nov. 20th, 2024
BUY/LONG ZONE (GREEN): $148.75 - $165.00
DO NOT TRADE/DNT ZONE (WHITE): $138.00 - $148.75
SELL/SHORT ZONE (RED): $118.25 - $138.00
Weekly: Bullish
Daily: Bullish
4H: Bullish
NASDAQ:NVDA reports earnings today, these are the areas that I will look for significant price movement at. The market is anticipating around an 8.5% move, roughly an $11.50 move in either direction, based on ATM option prices, or an 11%-12% move, roughly $16.50 move in either direction, based on volatility calculations.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility, nvidia, nvidiapricetarget, nvdatrend, nvidiatrend, nvdasetup, nvidialongs, nvidiashorts,
$INTC In Uptrend?NASDAQ:INTC It is looking like this old dog might be ready to move higher. Since the August 24th ER Gap Down, Intel has been putting in a nice base. In doing so it has established an uptrend and is well into the gap. I have an alert set just above the 21 DMA (teal blue).
If it triggers, I will take a long position with a stop under the most recent low which will give me a great risk reward entry. Let’s see what happens.