Nvda_analysis
NVDA- bullish movementsShares of Nvidia Corp. (NVDA) rallied 1.7% toward a record high in premarket trading Wednesday, after Bernstein analyst turned bullish on the graphics chip maker, citing upcoming product cycles, near-term catalysts and the resumption of hyperscale spending. They have raised his rating to outperform, after being at market perform for the past year. They have boosted the stock price target to $360, which is 21% above Tuesday's closing price of $296.57, from $300. Price is already up about 5.3% today as I pen down this review
Lets now look at the charts from a cycle perspective and see what is expected.
We are in a upside zone in the 42 day cycle, one that the stock has been following well. In this bullish phase, positive news can have expanded favorable movements, as we are witnessing. As shown in the charts, as the cycle matures, somewhere in the first week of March 2020, one may expect a minor test of support levels as minor cycle bottoms, and price should likely find support in todays gap up opening around 297 levels being strong, until breached. As the larger cycle matures around end of March/ First week of April 2020, price is expected to make a cycle bottom, NVDA should like find support around (price around $284 to $275 ), the upward window and the previous window $262 to $264.
Hope this finds value and buying on dips may be a god option specially around support zones.
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NVDA long setupNVDA price going with weekly support line. It has been a tough week. After quarter earnings was out we digged down until we tested a powerful support level $150.79 but thankfully we didn't break it out yet. So excited to see how would market play this out next week. keeping my eye on it and also on this other one
NVDA Buy for long term appreciationNVDA has formed a perfect double bottom on the weekly and daily TF.
Semiconductors are performing well after truce between US-China trade wars.
Enter at current price for a nice 1:3 risk-reward ratio, or wait further retracement towards major support of 120 for a much bigger risk-reward.
TAYOR
Daily NVDA forecast timing analysis by Supply-Demand strength24-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 4.0% (HIGH) ~ 0.2% (LOW), 2.5% (CLOSE)
%AVG in case of rising: 2.8% (HIGH) ~ -0.5% (LOW), 2.0% (CLOSE)
%AVG in case of falling: 1.2% (HIGH) ~ -2.5% (LOW), -1.2% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
$NVDA. Bearish trend. Short this dog at $175.Well, the strong bullish trend has a place because the crypto mining was the trend of 2017-2018, at the moment a lot of coins and including the Ethereum of course are developing the stacking mining model so I can't see any positive for NVidia in the near future.
NVidia is working on the AI driver, but there are too much competitors on the market, and some of the have control their own production of cars like Tesla, Jaguar or BMW.
If you like shorts or puts, I think $175 per share is the best price to short NVDA and take a profit at $100.
Time Frame: 1 Week
Resistance:
~ Strong resistance $170 - $175
~ Resistance EMA lines
~ Downtrend on the graph
Support ~ $100
Short ~$175
SL ~ $190
TP ~ $100
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.
NVDA forecast timing strategies.Stock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
S&D strength Trend Analysis: In the midst of a downward trend of strong downward momentum stock price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak selling flow to a strengthening selling flow again.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.5% (HIGH) ~ -1.0% (LOW), -0.6% (CLOSE)
%AVG in case of rising: 2.9% (HIGH) ~ -0.6% (LOW), 1.9% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -2.8% (LOW), -2.0% (CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
nVidia [REVISED] | Shorting the Bubble Part 2?Confirmation/Entry: 124.46 (ideal) / 188.78 (early) / 227.89 (risky +)
Invalidation: Local high
Target: Three targets on chart
TF: D
Leverage: 2x
Pattern: 1) Weekly bearish impulse with 2) break of weekly EMA50, 3) death cross on daily, and 4) daily EMA200 resistance.
Weekly snapshot. Notice the trading between the EMA50 and 200.
NVDA: Filled gap down, watch for pro trader pre-earnings runNVDA has filled the gap down from the negative earnings reaction in November 2018. The stock is likely to consolidate or shift sideways at this resistance level if it is to build energy to move higher. There is some Dark Pool accumulation in the bottoming pattern. HFTs have gapped this stock on earnings news in the past. Earnings will be reported May 9th. A month out is a good time to start watching for the pro trader patterns that lead to momentum in a pre-earnings run.
An aggressive swing on NVDAFriday's candle is very bullish and with decent volume retesting the 50 day sma. 158 should be solid support and that's the retest I plan on entering with $170 March calls for $6.50 to give it time. Will give it a $4.25 stop, which should align with below that wick of Friday's bullish candle.
My target on NVDA is $170, or extreme $176 to close out the swing.
Let's see what she does next week :).
Cheers.
NVDA's next movesEasy long entry.
-1D RSI has bottomed out paired the continued upward movement
-1D MACD continues is upward movement
-Bounced off the 78.6% fib retrace
1. Enter a long position, close out around 195.
2. Enter a short position shortly after, close around 175.
3. Re enter a long.
cheers!
NVIDIA: $265 Short Target CallNVIDIA is obviously going to pass the $250 threshold soon, but I think a short call that passes even $265 is imminent as well. The rise of NVIDIA's stock price was mostly pushed by the demand of GPU mining. However, NVIDIA is still a conservative buy. Even if GPU mining demand decreases, the fact is that NVIDIA started doing many things with AI. This includes AI SDKs, improvements on there processing algorithms, and large enterprise level research in scale. NVIDIA seems to be one of those unicorn stocks that been positive correlations for a while. Only time will tell if these spreads and correlations will continue.