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NVDIA Targeting $520 on the short-term.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 price is trading in waves. The current wave is modelled out of the previous and has started the 2nd upward leg. Assuming the total rise will be around +42% again, we are putting a $520.00 price target on NVDIA in less than a month. The cyclical phases are also evident on the 1D RSI, which as you see, after a Channel Down, breaks upwards aggressively. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
7
NVDIA Is it late to buy if you missed the +25% jump??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 avoided a Bearish Cross with yesterday's price jump, something that also happened on the week of January 03 2023, which resulted in a relentless rally extension up to today. Our long-term target is $550, which is where the previous two mid-term rally peaks took a pause sideways (35.60% from the Channel's top). We may potentially see a pull-back (hence an even better buy opportunity) if the 1W MACD eventually makes a Bearish Cross. On March 02 2022, that resulted in a -40% correction to the 1W MA100 (green trend-line), so you may reserve an amount in case this opportunity comes again. Typically during such Channel Up rallies, the 1W MA50 (blue trend-line) holds the uptrend. When it broke in the past, the corrections of late 2018 and 2022 started. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
17
NVDIA Rejected on the 1D MA100. Needs to break otherwise new LowNVIDIA Corporation (NVDA) opened on more than +2.00% today but as it almost made contact with the 1D MA100 (green trend-line), it got rejected. This is far from ideal for the uptrend that started on the October 13 Low as the previous Lower High of this 12 month Bear Market was done again on the 1D MA100 (August 15). With the 1D RSI entering its Resistance Zone since March 29, it becomes obvious that unless the stock closes above the 1D MA100, those bearish factors will start to weigh drastically and push the price even to a new Low on the Internal Lower Lows trend-line. A closing above the 1D MA100 though, should push to the ultimate bullish test of this Bear Cycle on the 1D MA200 (orange trend-line), though it will still have to overcome the Internal Lower Highs trend-line. However the horizontal Resistance Zone of June (196.60 - 193.50) will be the last barrier, but with the 1W MACD on a Bullish Cross (if it manages to stay on this cross), most likely it will find enough barriers to break it and basically turn the long-term trend back to bullish and into a new Bull Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDA
by TradingShot
1
NVDIA consolidating above its 4H MA200. Long-term target $445.NVIDIA Corporation (NVDA) broke and closed above its 4H MA200 (green trend-line) last Thursday and in a surprising display of bullish strength, it has managed to hold it as a Support and consolidate. That was the first series of 1D candle closings above the 4H MA200 since January 14. If this fails and the stock closes 2 or more 1D candles below the 4H MA200, we expect a pull-back to the big support cluster provided by the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). This has been the ultimate long-term Support Zone and buy level since September 2019. At the same time, the 1D MA50 (blue trend-line), has turned sideways, and is the medium-term Support level. The first target is the $346 All Time High and the long-term one is the 1.5 Fibonacci extension at $445. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
NASDAQ:NVDALong
by TradingShot
1