Can we see 2500?I bet it would. Dont ask me why :) In bull market prices can go 10 times higher within a year or so.
NVDA
NNOX To The Moon!!I have been in NNOX Calls for about a week now. I added to my position after reviewing the 15m chart this morning. Both ups and downs did not bottom out, they stayed strong and brought a higher high as you can see with both low white lines in my chart. Moving upwards, It seems to me that it broke the level of support and now has huge potential to gap up to the $12.25 - $14 range. If i see this stock breakout past the $14.50 mark, i am doing heavy $20c with small $10p
Micron Technology ($MU) Strike Partnership with NvidiaMicron Technology ( NASDAQ:MU ) emerges as a pivotal player, strategically positioning itself to capitalize on the accelerating demand for artificial intelligence (AI) infrastructure. Embarking on a promising trajectory, Micron's ( NASDAQ:MU ) recent collaboration with Nvidia ( NASDAQ:NVDA ) heralds a new chapter in its journey, propelling the company towards unprecedented growth and market dominance.
Harnessing the Power of AI:
As AI permeates diverse sectors, from autonomous vehicles to healthcare, the demand for robust computing solutions intensifies. Micron's ( NASDAQ:MU ) foresight in recognizing AI's pivotal role in shaping the future prompts strategic investments, particularly in its high-bandwidth-memory (HBM) chips. The integration of Micron's cutting-edge technology into Nvidia's latest H200 semiconductors amplifies performance, heralding a paradigm shift in AI infrastructure.
Strategic Collaboration with Nvidia:
The symbiotic partnership between Micron ( NASDAQ:MU ) and Nvidia underscores a shared vision of pioneering advancements in AI computing. Nvidia's unveiling of the H200 chip, boasting doubled inference performance over its predecessor, signifies a quantum leap in AI processing capabilities. Micron's ( NASDAQ:MU ) pivotal role in supplying HBM chips for the H200 not only underscores its technological prowess but also signifies a lucrative revenue stream, with projections hinting at generating "several hundred millions of dollars" in fiscal 2024.
Positioned for Growth:
Micron's ( NASDAQ:MU ) bullish stance on AI augurs well for its financial outlook, with projections indicating robust revenue growth amidst escalating demand for AI-related technologies. Despite an anticipated loss per share in the upcoming second-quarter earnings, Micron ( NASDAQ:MU ) remains buoyant, with revenues forecasted around $5.3 billion. CEO Sanjay Mehrotra's optimistic outlook underscores the company's confidence in navigating the burgeoning AI landscape, poised for sustained growth and market expansion.
Driving Innovation, Redefining Possibilities:
Micron's ( NASDAQ:MU ) innovative strides not only amplify AI performance but also address critical concerns such as power consumption, aligning with the industry's sustainability agenda. By enhancing memory bandwidth and capacity, Micron ( NASDAQ:MU ) empowers AI developers to unlock new frontiers of innovation, transcending conventional boundaries. As the International Energy Agency highlights the exponential growth of data centers, Micron's technological breakthroughs emerge as a catalyst, fueling the AI revolution and shaping the digital landscape of tomorrow.
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The AI Crypto Boom: Is This the Beginning of a New Era?2023 has witnessed a significant surge in AI-related cryptocurrencies . This boom can be partly attributed to the explosive growth of NVIDIA (NVDA) stock, a leader in the graphics processing unit (GPU) industry, which are used to train AI models.
Factors Driving the Growth
NVDA's Rise: NVDA's price has been on a tear, forming a bullish manipulative pattern. This bullish trend has inspired investors to have similar expectations for AI-related coins.
AMD's Accumulation-Manipulation-Distribution Pattern: AMD is not a competitor of NVDA in this context, but rather an example of a successful "accumulation - manipulation - breakout" pattern.
This pattern is characterized by a period of accumulation, where investors slowly buy up a coin, followed by a period of manipulation, where the price is artificially inflated, and finally a breakout, where the price rises sharply due to increased demand.
Effect on Other Coins:
The bullish trend in NVDA and the successful breakout of AMD's accumulation-manipulation-breakout pattern have led to a surge in AI-related coins such as RNDR, THETA, NEAR, and FET.
A Look at Promising Coins:
RNDR: Render Network utilizes a decentralized network for 3D graphics and video rendering. The rise of the metaverse could potentially drive demand for RNDR's services.
THETA: Theta Labs aims to revolutionize video streaming by providing a decentralized content delivery network. The growth of streaming content could make THETA an attractive investment.
NEAR: NEAR Protocol is a smart contract platform focused on scalability and speed. The growth of decentralized applications (dApps) could make NEAR a valuable choice.
FET: Fetch.ai is developing a decentralized network for exchanging data and machine learning models. The growth of AI could increase demand for FET's services.
Important Considerations:
The cryptocurrency market is volatile and unpredictable. It is crucial to conduct your own research before investing in any coin.
This article is not financial advice. Only invest what you can afford to lose.
Conclusion
AI-related cryptocurrencies are experiencing impressive growth. While it is impossible to say for certain whether this is the beginning of a new era, the possibilities of AI in the crypto space are worth considering. However, it is important to conduct thorough research and understand the associated risks before investing.
SMCI - builds the data centers for AI and is hotter than hotSuper Microcomputer is on hard run up trend- at its all-time high, this stock is demonstrating
a high tight bull flag pattern. In a massive move SCMI is up 180% YTD five months so on pace for
400% annualized. Most experts expect more of the same. It is currently resting in consolidation
( the tight channel of the pattern) The zero-lag MACD shows the lines about to cross over the
histogram. I will watch this stock for either a bullish continuation or a pullback. Its
fundamentals are outstanding and its collaboration with NVDA will carry it far. I will wait
for a great entry and take a big bite. This stock's P/E makes it an incredible bargain.
NVDA - The Trend Is Your FriendPretty incredible chart. This price action will be talked about for years. Where will it end? How will it end? These are not questions I know how to answer. The great thing is I don't have to know the answers to these questions to profit MAJORLY from the price action. Everything I need to know is reflected in the price action.
The trend is your friend (until the end). #NVDA
NVIDIA technical analysisAnalyzing NVIDIA we can see a complex market picture. The large Elliott waves (orange) indicate five primary price movements, with three being impulsive waves upward (1, 3, 5) and two corrective waves (2, 4). The smaller Elliott waves (white) represent sub-waves within the larger upward trend of wave (5).
Potential support at a yellow channel, which is aligned with previous troughs and peaks, suggesting it's a significant level for future price action. The correction that may occur is suggested by the Fibonacci levels drawn on the last impulse of wave (5). The 0.5 Fibonacci level, often acting as a significant retracement level, points to a potential support area around $600.76, while the 0.618 Fibonacci level indicates a price around $554.92.
Cumulative volume showing increased activity during rises and falls, might indicate the strength or weakness of the price movement. Increased volume during the last upward impulse may suggest solid buying interest at these price levels.
With these observations in mind, it appears that if a correction occurs, we could look for support along the yellow channel and the indicated Fibonacci levels. Considering the market dynamics and historical price behaviors, these areas might offer potential reversal points for further price movements.
NVDA NVIDIA Corporation Options Ahead of EarningsIf you haven`t bought NVDA before the previous earnings:
Then analyzing the options chain and the chart patterns of NVDA NVIDIA Corporation prior to the earnings report this week,
I would consider purchasing the 710usd strike price Calls with
an expiration date of 2024-2-23,
for a premium of approximately $48.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
A top in $NVDA? I know it is very brave of me to call a top in NASDAQ:NVDA here with all is going on in AI right now. But I can only analyse what the market is telling me right now.
And the market is telling me that a top might be in place. And here are 5 reasons why :
1. Fibonacci golden ratio on a weekly timeframe we are almost there. We see how the golden ratio it's splitting the 5 waves impulse up.
Even in Wave 5 we have a Fibonacci Golden ratio. This time is 0.618/0.382. They all point out to the same zone.
2. Bearish divergence between the price and MACD- Histogram and MACD lines
3.Kangaroo tail
The last bar is a sign of worry for the bulls.
4. Outside upper channel line
5. Quite a gap to the value zone. Which on a daily is between $675-$716.
and as bonus reason Steve Weiss just bought NASDAQ:NVDA
Of course there are a few reasons for the bulls as well. and NASDAQ:NVDA could go to the Moon.
What do you think. Bull or bear here?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purpose and does not serve as financial advice.
Nvidia Bounce TrackWhile the main scenario for this stock implies a further advancement in price considering the importance of its product(s) in AI development and deployment, this project attempts to anticipate or "catch", a significant reversal signal, preferably with a candlestick shadow at one of the shapes (similar to the examples highlighted in past price action). 2 other relevant occurrences might pop somewhere else in the snapshot, without shadows, but with other candlestick patterns.
A reversal of a wave (:no matter how big or small), provides a strategic entry relative to the context of the market or the context of future potential scenarios, having a tight exit strategy (above the high or in this case below the low of the signal candle), while being open to higher rewards relative to risk.
This Simulation of potential future scenarios, resulting in a hybrid design that takes into account at least 10 such main scenarios, has been carefully selected, processed, and applied, with alien nen technology and mechanisms, brought to you from the depths of a Black Hole, where time and space collapse into a wonder of oneness and transcendence, called Singularity.
NVIDIA $NVDA - Feb. 22nd, 2024NVIDIA NASDAQ:NVDA - Feb. 22nd, 2024
BUY/LONG ZONE (GREEN): $661 - $810
DO NOT TRADE/DNT ZONE (WHITE): $609 - 661
SELL/SHORT ZONE (RED): Not Shown
Weekly: Bullish
Daily: Bullish
4H: Bullish
Not much to say, earnings and momentum speak for themselves, just thought I'd quickly throw up what I have drawn as support areas for bulls and a profit target. The target shown is roughly a +20% gain from the start of the bullish zone where my entry is it. No short zone is drawn as I do not believe something so strongly bullish should be considered for a short at this time.
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!
S&P 500 INTRADAY LEVELS FOR 23/02/2024BUY ABOVE - 5094
SL - 5079
TARGETS - 5108,5120,5135
SELL BELOW - 5079
SL - 5094
TARGETS - 5067,5057,5047
NO TRADE ZONE - 5079 to 5094
Previous Day High - 5094
Previous Day Low - 5039
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
NVIDIA Shares - Quarterly Report and Potential Pullback to $400The drop in Palo Alto Networks Inc (PANW) shares by 21.09% from February 20 to February 21, 2024, following the company's reduction of its annual forecast, could mark the end of the growth phase for the technology sector.
NASDAQ:NVDA NASDAQ:PANW #NVDA #Nvidia #Stock #StockMarket #Shares
Both stocks have met all their targets and are likely to have concluded their growth phase. Among the big six that have been propelling the entire S&P 500 (Microsoft (MSFT), Apple Inc (AAPL), Alphabet (GOOGL), Amazon.com (AMZN), NVIDIA (NVDA), Meta Platforms (META)), only NVIDIA has significantly surpassed its 2021 highs.
Indeed, the share dynamics of the graphics equipment manufacturer are responsible for the historical highs being updated by stock indexes. The peak of wave v perfectly aligned with the ascending channels of two fifth waves. This suggests the start of a very deep downward movement.
NVIDIA shares could drop to around $400.
The Nvidia effect; US equity indices break out to new highs The Nvidia effect has ripped through global equity markets and given fresh wind to markets that were looking ominously poised for a 3-5% drawdown. New highs have been seen in EU Stoxx, GER40, JPN225, and the US large-cap equity bourses; the US30, US500 and NAS100.
What levels do the bulls target now?
Well either, you’re looking at fibo extension/projections, psychologically important round numbers, or you hold until price action offers an exit signal, or your trailing stop is triggered.
Our client flow is progressively skewed short index positions at current levels (85% of open positions on US30 are held short, 74% short on the NAS100), with many countering for a reversion move, although this is an aggregation of different strategies and timeframes.
Nvidia hits the sweet spot
Nvidia has dominated the narrative and rightfully so – the flow-on effects into the AI/semi’s scene has been truly emphatic. I won’t go over Nvidia’s numbers at a granular level, but clearly, they hit the absolute sweet spot – beating on Q424 actuals by some margin across the board, but also on their guidance for Q125 numbers.
While not meeting some very lofty market expectations was a small risk, there was perhaps a greater fear that the guidance would be too hot, subsequently creating an incredibly high bar to beat in the future. That wasn’t the case, and one could say the outcome was a ‘goldilocks’ scenario.
It’s hard to go past the commentary on their outlook and future operating environment, as this has not just lifted Nvidia but the whole scene. Saying that demand will continue to exceed supply all year was a massive bullish trigger. Detailing that supply constraints should improve over the year was also well received, with supply chains asked to increase capacity by 30% for CYQ1. Sales to China have also dropped to mid-single-digit percentages despite such explosive revenue growth, which was a factor and could be a big kicker further into the future.
Nvidia shares not only closed +16.5%, far higher than the -/+11% implied in options pricing but adding $276b in market cap was absolutely staggering. The fact price closed right on its session highs must enthuse the bulls and for tape readers, it tells a lot about the mindset of the collective – dips will likely be shallow, and traders will chase the upside.
87.75m shares traded hands – the most since November 2023 - and in the options market, we saw 1.51m calls bought vs the 20-day average of 913k. Valuations are obviously lofty, but they matter little for these high-growth plays, which are essentially out-and-out momentum vehicles.
Also, consider that Nvidia holds its highly anticipated GTC conference on 18 March – where they are likely to update the market on new products and innovations – so pullbacks in the stock should be shallow, and we could see buyers push price higher into that event.
The spill over into names like Super Micro Computers (+32.9%), AMD (+10.7%), Marvell (+6.6%) and Broadcom (+6.3%) is clear. The Philadelphia Semi ETF (SOX) also gets some focus as price breaks to new ATHs. Offshore we saw plays such as Infineon, ARM Holdings, Tokyo Election, Taiwan Semi and Korean Semi names all working well and finding a solid bid.
The biggest one-day move since early February
On a broad index basis, the NAS100 saw its biggest one-day move since Feb 2023 (a 3% move was a 3.3 Z-score move). That said, for such a big percentage change in the index volumes were only 7% above the 30-day average, although this was more than offset by good breadth with 82% of stocks higher (72% in the US500).
NAS100 implied volatility has fallen a touch with the NAS100 VIX index dropping 1.21 vols to 18.4% with the S&P500 VIX -0.80 vols to 14.5%, with traders rolling out of downside hedges. Hedges cost money when the market is ripping and subtract from performance.
So global high-quality growth equity has found its mojo courtesy of just one stock, and what they have said about the outlook, which of course means so much not just for the A.I adopters but the enablers.
We can once again talk about concentration risk in equity, but we can use the 2023 case study and see that reduced participation in the rally isn’t the red flag for contrarian positions it perhaps once was.
While CFD traders will take timeframes down and trade intraday flows – long and short – the primary big-picture trend remains higher, so for those who hold for longer than a day, we need to assess the big risk that can cause a 5%+ drawdown.
What can cause a reversal?
That risk is inflation, and a resurgence of concerns that we move into a far higher-for-longer regime, with rate cuts essentially priced out for 2024. It is my view that equity can hold in and even push higher if expected rate cuts are priced out for 2024, as long the cause is solid growth dynamics. But if the primary reasoning for reduced rate cut expectation is inflation, which causes long-end bond yields to rise (both nominal and real), and volatility in interest rates and US Treasury’s lifts then equity risk premium will rise, and the bears will likely get their 5-10% pullback.
For now, the Nvidia show is real, and a feel-good factor runs through the whole sector – The NAS100 breaks 18k, the US500 eyes 5100 and the US30 looks up at 40k.
Market Update - February 22, 2024
Increase in demand for spot bitcoin ETFs pushes BTC price to its highest level since December 2021: A record $2.5B flowed into bitcoin (BTC) ETFs, with BlackRock's IBIT and Fidelity's FBTC attracting $1.6B and $648M over the past week respectively. These growing inflows suggest demand is heightening for spot-based ETFs, and if this trend continues, investors could be eyeing new all-time highs for BTC later this year.
Ether hits a short lived $3K amidst market speculation on an incoming ETH ETF approval: Ether (ETH) rose through the $3K mark for the first time since April 2022 as traders bet on the possibility of a spot ETH exchange-traded fund (ETF) approval in the U.S., a move that could significantly boost institutional appeal. Despite the swift pull back to the $2.9K level, the medium term outlook for ETH looks promising amidst market speculation on an ETH ETF approval with Franklin Templeton, BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex having all submitted applications for an ETH ETF.
AI-based crypto projects trend higher as NVDA becomes the third-most-valuable publicly traded company: Nvidia (NVDA), a world leader in artificial intelligence computing, outperformed Amazon (AMZN) and Google parent Alphabet (GOOG, GOOGL) last week, making it the third-most-valuable publicly traded company in the world. NVDA also posted strong earnings results Wednesday. Related to this news, interest in AI-based crypto projects was high this week, with Render (RNDR) and Akash Network (AKT) trading at record highs.
OpenAI launches Sora, spurring interest in WLD, which saw a near 250% increase in the trading of its token: OpenAI’s launch of Sora, a text-to-video tool, appears to have encouraged trading in Worldcoin (WLD), the controversial crypto project that is also spearheaded by Sam Altman. Following the launch of WLD in 2023, Kenya suspended enrollments, and Hong Kong and French officials opened investigations into the project over privacy concerns. Investors seemed undeterred, despite these concerns, with the token trading up almost 250% from the start of the month to an all-time high of $8 on Monday.
China battles back against weakening economic growth with key rate cut: Despite a ban on crypto trading and mining in 2021, Chinese investors have historically made up a significant portion of the overall crypto market. China’s increasingly accommodative economic policies, including the recent reduction in the five-year loan prime rate this week, will be important to watch as it could impact local Chinese investors’ attitudes towards crypto.
🤖 Topic of the Week: The Convergence of AI and Crypto
👉 Read more here
