NVIDIA I expect an up move to the short zone NVIDIA I expect an up move to the short zone and then a down move to take profit 1 and then to the target
Nvda_analysis
NVIDIA - Levels to Watch NVIDIA - NASDAQ:NVDA
The chart demonstrates a pattern of rising parallel channels for durations of approx. 142 - 152 weeks followed by 36 - 46 week corrections.
We are currently in a defined rising parallel channel and we are at week 92 of that bull trend, with a further 50 weeks probable based on the historic repeating timeframes. This does not guarantee a repeat timeframe of 142 - 152 weeks, but it does make it more probable.
⚠️What to watch out for?
▫️ Price breaching down and out of the short term parallel channel. This would be an initial warning.
▫️ Price falling below the 50 SMA would be a confirmation of a trend shift to bearish (blue line).
▫️ Otherwise, a roughly 142-152 month bull trend out to mid 2025 looks probable for now.
Another option to consider is that we trend sideways for 36 - 44 weeks like we did from Jan - Oct 2018. This type of sideways movement could travel along the top of the long term parallel channel (in blue).
Lets keep an eye on the short term parallel channel for that initial warning, otherwise happy trading the trend.
You can come back here at anytime and press play and you will get the price updated in terms of the levels marked.
PUKA
NVIDIA (NVDA) | Over a Long Time, Technically An Opportunity!Hi,
It's a bit hard to get in technically if the stocks are constantly making new higher highs without any certain pullbacks and NVIDIA was one of them.
Now we have seen some red weeks and we have an opportunity where some criteria are matching with each other around $100.
If you are still interested then it might be your chance.
Good luck,
Vaido
Critical moment for NVDANvidia is closing in on its 20W moving average, which has been a key support point for the last 3 years. If we see NASDAQ:NVDA closing below it for more than a week, expect more downside. Chances of holding the moving average are still on the table; however, a massive RSI divergence can be observed on the weekly timeframe, which skews the probabilities to a breakdown.
Be careful; it's the most crowded trade after all.
ARM , US Stock153 below trendline breakdown possible
21 ema below close yesterday
if sustain tl below 150/145/135 to test soon
NVDA bullish engulfingNASDAQ:NVDA daily chart shows a bullish engulfing candle as it holds the split lows. Excellent sign of strength for a potential push back to all-time highs.
NVDA breakdown possible , US Stock119 below trendline breakdown possible 117/114/105...96 can test to fill the gap
Musk Hails Memphis Supercluster: Nvidia Stock Soars on AITech entrepreneur Elon Musk took to social media platform X to celebrate a significant development in the world of artificial intelligence (AI). In a post, Musk lauded Nvidia for their contribution to the launch of training for xAI's Memphis Supercluster. This massive computing facility, equipped with a staggering 100,000 of Nvidia's H100 GPUs, marks a significant leap forward in AI development.
The Power of Memphis: Supercharging AI Training
The Memphis Supercluster is no ordinary data center. Custom-designed for the specific demands of AI model training, it boasts a colossal 100,000 H100 Tensor Core GPUs from Nvidia. These cutting-edge processors are specifically architected to handle the immense computational workload required to train complex AI models. The sheer scale of the Memphis Supercluster signifies the immense processing power required to push the boundaries of AI capabilities.
Grok Gears Up for a New Era
The Memphis Supercluster isn't just a showcase of technological prowess; it has a clear purpose. This powerful facility is dedicated to training the next iteration of xAI's chatbot, Grok. While details about Grok's new capabilities remain undisclosed, the involvement of the Memphis Supercluster suggests a significant upgrade in its functionality. This could pave the way for more advanced natural language processing, improved reasoning abilities, and potentially even greater human-like interaction.
Nvidia Stock Rides the AI Wave
The news of the Memphis Supercluster's activation coincided with a surge in Nvidia's stock price. This rise can be attributed, at least in part, to the positive sentiment surrounding the project. The successful collaboration between xAI and Nvidia showcases the potential of H100 GPUs in the field of AI. This, in turn, could lead to increased demand for Nvidia's technology from other companies and research institutions working on cutting-edge AI projects. Additionally, the broader market may be recognizing the growing importance of AI and the role Nvidia plays in its development, leading to a general uptick in investor confidence.
A Look Ahead: The Future of AI
The launch of the Memphis Supercluster is a significant milestone in the ongoing quest for artificial intelligence advancement. The immense processing power it offers opens doors for the development of even more sophisticated AI models. As xAI trains the next version of Grok on this powerful platform, the world awaits with anticipation to see the new heights AI can achieve. This development, along with the positive reception of Nvidia's technology, suggests an exciting future for AI research and its potential applications across various industries.
AMAT upmove possible . US Stock gap fill complete
215 can try long entry
in next few days 216/218.50/221/225 can test
Nvidia - Still waiting for a correction!NASDAQ:NVDA is clearly overextended but still not bearish at all on the smaller timeframes.
If you watched my previous analysis on Nvidia, you know that I have been bearish for quite some time and totally wrong so far. But there was never ever any single sign of weakness so I did not take any trade betting on price to go down. Nvidia is still retesting resistance, it is still somewhat overextended and I still do expect a visible rejection away towards the downside.
Levels to watch: $140
Keep your long term vision,
Philip - BasicTrading
NVDA breakdown possible129 below trendline breakdown possible
with can test 128/127/125.50/121 if sustain
WTRG breakout possiblebreakout possible 38 above
if sustain 40/43/45 can test soon
triangle breakout possible
VST triangle breakout possible94 above resistance breakout possible
95/98/100/102 can test soon
close 21 ema above which is a bullish sign
GE breakout possible166 above breakout possible
170/175/190 can test soon
trendline OR channel breakout possible
20 ema holding by closing basis
AMD breakout possible164 Above already breakout confirm
now 164 above Horizontal resistance breakout possible
174.80 long
175.60/176.50/180/184 can test soon
NVDA - UniverseMetta - Analysis#NVDA - UniverseMetta - Analysis
After the previous impulse, the price corrected by more than 15%, which may indicate the beginning of continued growth. Compared to the previous correction, the price may still fall by 5 percent from the local minimum. In this case, wait for the ABC structure to form and consider purchases. In this case, you can see the potential formation of a 3-wave structure; when it breaks through, consider the entry. If there is a retest of the border, it will be possible to consider a target up to levels of 177.
Target 140 - 177
NVIDIA Fake Breakout of 2018 and 2021 - BearishNVIDIA at an interesting spot, had a fake breakout which is usually a pretty bearish sign. Curious to see if this trendline can hold. Hard to fade this beast but this would be a good spot, it's been going parabolic so if it breaks that it's probably over for NVIDIA, insiders have also been selling massive amounts in the last month. Zoomed in pic below.
I wouldnt recommend holding or adding Nvidia shares in portfolioThe price of Nvidia shares has reached its maximum potential and appears to have hit a reversal point, with downward pressure anticipated. However, a nearby support level may make it challenging for the price to decrease significantly.
NVDA YOU WERE WARNED! NASDAQ:NVDA Before & After charts: You were warned! 💥
✅BOUNCE OFF SUPPORT, INCLUDING 21 EMA 📈
✅9EMA BREAKOUT & RETEST
✅#NVDA DIPS GET BOUGHT UP WITH BOTH 👐
🎯$132.97 👊
NOT FINANCIAL ADVICE 🖖
NVDA Possible Option Play - $126 Call expiring June 28, 2024Data Summary:
Open: 123.24
High: 126.50
Low: 118.04
Close: 125.76
Change: -0.81 (-0.64%)
Volume: 820.663M
Last Day Change: +7.65 (+6.48%)
SMA 50: 67.66
EMA 20: 98.03
Pivot Points:
Pivot R2: 131.91
Pivot R1: 128.85
Pivot S1: 120.39
Pivot S2: 114.99
Breakout SMA 21: 65.44
Technical Analysis:
Current Price Movement:
The stock is trading at 125.76, which is above the EMA 20 (98.03) and the SMA 50 (67.66), indicating a strong bullish trend.
The significant increase in the last day (+6.48%) shows strong buying momentum.
Pivot Points:
The stock is trading just below Pivot R1 (128.85), suggesting a key resistance level.
Support levels are at Pivot S1 (120.39) and Pivot S2 (114.99).
Volume:
The volume of 820.663M is significantly high, indicating strong trading activity and interest in the stock.
Preferred Option Play:
Call Option Play:
Buy NVDA $126 Call expiring June 28, 2024
Last Price: $4.10
Rationale:
The stock is showing strong bullish momentum, trading above key moving averages and near the resistance level.
A Call option leverages the potential upward movement towards the resistance levels.
Summary:
Based on the technical indicators and the current price being near resistance levels, a Call option is preferred to capture potential upward movement.
This strategy is speculative and should be considered with caution. Always consider your risk tolerance and consult with a financial advisor before making any trades.
NVDA ContinuationNVDA is giving a blue continuation signal after 3 days of sharp selling. It may need more time to flag, but the risk/reward favors the upside.
