NVIDIA corporation (NVDA) is on a 3-month pull-back, the first it had on a 1M basis since September - October 2023. The latter was simply a mid-Bull consolidation phase within the wider picture of a Channel Up pattern that started almost 10 years ago. The price is pulling-back from the Channel's top (Higher Highs trend-line) and if the 1M MACD forms a Bearish...
The Biden administration is nearing completion of allocating $39 billion in grants under the CHIPS and Science Act, aimed at revitalizing the U.S. semiconductor industry. However, the real challenges lie ahead. 1.The CHIPS Act, passed two years ago, is a bold attempt to bring advanced chip production back to the U.S., betting on Intel, Micron, TSMC, and Samsung....
#Nvda 1D chart; Continues its 8-month steady rise from the beginning of the year to today It had given the first bearish signal with its divergence in the $140 zone, which is the Ath level. As of the $90 level, the bullish pattern started and the target points are as in the chart.
Nvidia is renowned for its stellar performance in the AI chip manufacturing sector. However, the company's core strength lies in building a business barrier made up of a tight integration of software and hardware, effectively keeping customers loyal and competitors at bay. Over the past two decades, Nvidia has meticulously crafted a "walled garden" in the tech...
NVIDIA Corporation (NVDA) completed a -35% decline from its top on Monday's Low and after a short rebound, it's consolidating. Even though this is the strongest correction it had since the late 2022 market bottom and it almost touched the bottom of the long-term Channel Up that started in October 2022, there might be room for some more downside before the next...
Last time we analyzed NVDIA corporation (NVDA) we called for a sell and clearly noted that it was not the time to buy yet (July 03, see chart below): Our $110.00 downside Target got hit last week and as the price remains below the 1D MA50, it has entered an accumulation zone, which in the past has been very short-lived (April 19 2024, December 28 2022) and...
NVDIA corporation (NVDA) is on the 3rd straight week of losses following the mid-June High, which was a Higher High at the top of the 20-month Channel Up. During that time the stock turns into a Buy only after it breaks below its 1D MA50 (red trend-line). As you can see some times the bottom process takes longer, other times it is very short. The 1W MA50 (blue...
NVDIA Corporation (NVDA) has been going exactly as planned since our latest update (February 16, see chart below) and looks very promising to hit the 1150 Target: On the shorter term, the 1D time-frame, we see one last buy opportunity arising for those who missed our earlier buy call. Based on the (-21.66%) symmetry of the current correction with that of...
Arguably one of the hottest (if not the hottest) stock in 2023 has been NVDIA Corporation (NVDA), currently sitting at roughly + 570% from its October 2022 market bottom. Our December 18 2023 long (see chart below) hit its target, with the price even soaring higher: The question is, will it keep rising or finally give way to a proper correction or at best...
NVDIA Corporation (NVDA) closed all 1D candles above the Support, as presented on our October 22 idea, and easily rebounded aggressively to our $476.50 target (see chart below): This time the rebound is very stable on the 1D MA50 (blue trend-line) with the log Channel Up since October 2022 showing incredible upside potential. Best to wait for the Rectangle's...
NVDIA Corporation (NVDA) has technically completed a Head and Shoulders (H&S) pattern, which is a standard market top formation. The price almost touched Support 1 (410.00) on Friday and the Neckline (Higher Lows) of the pattern. As long as those hold, we can be bullish as the risk is low at the bottom while the upside much higher proportionally on Resistance 1...
NVIDIA Corporation (NVDA) has been trading within a Channel Up pattern for the past 4 months with the price currently on its middle, consolidating around the 1D MA50 (blue trend-line). This price struggle to pick up a rebound, resembles the previous bearish leg of the Channel Up, which after a series of Lower Highs, got rejected to form a new bottom (Higher Lows....
NVIDIA - NASDAQ:NVDA Earnings Release today (After Close) Earnings Est: 2.082 Reported: (TBC later today / will re-share) Revenue Est: $11.186 Bln Reported: (TBC later today / will re-share) Mid Term Chart - A correction would be welcome - Revisit of 10 month SMA @ c.$348 would be ideal Long Term Chart - Above 10 month SMA still - Could bounce off the...
- Welcoming NYSE opening this Week with an opened Short position on NASDAQ:NVDA taken last week due to a Broadening Wedge pattern being formed and Lower Highs Market Structure. May be forced to Trail SL according to how markets will open from the positive last Friday's Rally . TRADE SAFE *** Note that this is not Financial Advice ! Please do your own...
NVIDIA Corporation (NVDA) not only found Support yesterday at the bottom of the 8 month Channel Up but the strong daily rise managed to close the 1D candle above the 1D MA50 (blue trend-line). Last time it did so was on January 09 2023, on a similar bullish reversal fractal after a Channel Up bottom. With the 1D RSI also rebounding exactly on the Support level...
After the filling of the gap left by the market in the bullish trend at the same time see the rejection of the price of the golden zone Fibonacci we will see a reversal towards to supply zone - Trading is probality control you risk management Good Luck !
We haven't looked into NVDIA (NVDA) since May when we mentioned (see chart below) that it wasn't too late to jump onto the rally: Today our focus is on the shorter-term 1D time-frame where the stock has been trading within a Channel Up since the start of the year. The 1D MA50 (blue trend-line) has been supporting since January 12. It would appears that the...
NVIDIA Corporation (NVDA) closed almost at +25% yesterday and naturally investors who missed the opportunity to buy low might be wondering if it is too late to buy. Technically, the stock is within a 8 year Channel Up on the log scale and following the October 10 2022 Low exactly on its bottom, it has started the new bullish leg towards its top. The 1W MACD just...