$NVDA Nvidia TECH Chart has not shown any signs of reversal$NVDA Nvidia Tech Company has a similar chart to $MU and $AMD - $MU earnings revealed negative sentiment sending both $AMD & $NVDA downward on relation of fear that the chip market is slowing growth.
Nvidia has not shown any technical signs of reversal on the lower timeframes yet.
Above I've marked important levels on the weekly timeframe.
With the slowing growth of $ETH and other crypto currencies, tech stocks like Nvidia and Micron are directly related and effected by the mega drop in value as demand for graphic processors and mining decreases.
It's pretty obvious that $NVDA is a top tier company in graphic processors and this decline is mostly due to the decline in our economy. As we progress into the digital age NVIDIA has high probability to bounce back to new heights (of course this could take 12-18 months unless they expand rapidly into different avenues of technology).
I will update if I catch any technical chart indications of possible reversal.
Nvidia
NVIDIA - key support FAILEDNVIDIA
Short Term
We look to Sell at 159.72 (stop at 170.83)
Our bespoke support of 156.00 has been clearly broken. Preferred trade is to sell into rallies. Rallies continue to attract sellers. There is scope for mild buying at the open but gains should be limited. Continued downward momentum from 174.40 resulted in the pair posting net daily losses yesterday.
Our profit targets will be 126.78 and 119.10
Resistance: 156.00 / 196.00 / 210.00
Support: 150.00 / 126.00 / 120.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Looking for downside :)IMO the most likely path is the one highlighted in red. But something I've noticed is that there has been a lot of impulsive buying recently which has led to those big green candles.
I personally dont have any position in this rn, so i want it to go down because I wanna go long on this.
Although there is plenty of impulsive buying (and the market seems to be in a bear market rally) I think its best to watch it closely and be skeptical because honestly too many people talking about the bear market rally and I think these guys are gonna trap us bulls.
Yeah but if this ends up closing above 200 (204-206) area then it should rally to 230 range. But im thinking itll reject 200
Also this is my first chart so lmk what u think, anything missing? Anything should be moved around? Just let me know lol thanks.
Nvidia coming into resistance? NVIDIA
Short Term - We look to Sell at 210.20 (stop at 228.47)
Our bespoke support of 210.00 has been clearly broken. We look to sell rallies. Rallies continue to attract sellers. The 61.8% fibonacci extension level is the target.
Our profit targets will be 160.25 and 124.10
Resistance: 210.00 / 250.00 / 290.00
Support: 160.00 / 150.00 / 126.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
The Mining Break Through: Unlocking Nvidia’s LHRThe Mining Break Through: Unlocking Nvidia’s LHR – NiceHash CEO Martin Škorjanc
Nvidia, the worlds largest provider of GPU (desktop graphics cards – used for crypto mining) launched its LHR (Lite Hash Rate) technology in May 2021. Designed to combat the issue of shortages of GPUs for gamers due to the increase in crypto mining throughout 2021, Nvidia’s LHR anti-mining software ensured that strict mining limits were in place for selected graphics cards – preventing performance and profitability for the average cryptocurrency miner.
Naturally, it’s been a race since then for the world’s crypto mining experts to break the code and make LHR GPUs useful for crypto miners. And while solo miners have been on the case since Nvidia launched this tech, NiceHash is the first to fully unlock LHR graphics card with its proprietary software QuickMiner (Excavator), making online news headlines across the world.
NiceHash CEO Martin Škorjanc explains what this means and why it’s great news for crypto miners which they now accept with open arms. He also estimates that the breakthrough won’t adversely impact gamers either.
NVIDIA - Long PositionNVIDIA Corporation (NVDA) is Attracting Investor Attention. Nvidia is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this maker of graphics chips for gaming and artificial intelligence have returned +1.4%, compared to the Zacks S&P 500 composite's -0.5% change. During this period, the Zacks Semiconductor - General industry, which Nvidia falls in, has gained 2.5%.
NVIDIA - Long PositionNvidia Earnings: What to Watch on Wednesday After the Market Close
Nvidia (NVDA 1.22%) is slated to report its first-quarter results for fiscal 2023 (which ended April 30) after the market close on Wednesday, May 25. An analyst conference call is scheduled for the same day at 5 p.m. ET.
Nvidia great potencial BUY ZONE in the next futureNvidia: 1W
Some data before arriving at the Support and entry point.
1) Split last summer
2) China will soon ban all non-Chinese softwares in their state-owned companies.
NVIDIA is one of the best companies on all Wall Street with a very important future and a market capitalization of around $ 0.5T.
Currently, the price has dropped 50% to its all-time high of $ 350.
Where the Market Cap was $ 1T.
Big profit taking finds:
2 maximum decreasing between:
1) $ 315
2) $ 280
The breaking of the SUPPORTS a
1) $ 230
2) $ 210
3) $ 188 on the yellow average (100 EMA).
However, we have a MAXIMUM SUPPORT in the price range of $ 155 - $ 138.
Where we find the average 200 (Blue line) and a series of highs that lasted like one year. (31 August 2020 - 24 May 2021)
Buy when it is low and sell when it is high.
In the price rotation we will undertake to evaluate massive buy orders, obviously depending on the situation of all Wall Street indices in general.
For info write to us in private
LPI.sa
NVIDIA - Potential 100% Jump before Recession Hits? The absolute leader in graphic processing units NVIDIA has dropped nearly 50% from its historic high.
Is it still overpriced or is it time to start buying some shares of the giant?
Fundamental indicators:
Revenue and Profits - exponential growth for the past 10 years
Profit margin - very effective, one of few companies with impressive 36%
P/E - still overpriced at 48x, however it has considerably dropped from circa 90x just two years ago
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
Since IPO NVIDIA resembles parabolic graph. However, there might be few alternative options to count waves using Elliott Wave theory hence this presents additional risks
Presented scenario suggests that after forming the historic high in November 2021 there was a sharp correction of nearly 50%
Few alternatives for the developing wave 4 may include - (1) Flat Correction (ABC), (2) Contracting Triangle and (3) Running Correction
The last scenario has been selected due to the following reasons - as the leader in this sector NVIDIA is still most likely to enjoy increased interest from the investors, as there are not that many growth companies left, and given the exponential pattern of the graph every time the price touches Moving Average investors are most likely to buy all the dips
Risks:
Recession - looming recession is going to have inevitable impact even on the leader of this industry
Crypto - Ethereum's move to proof-of-stake model is projected to reduce the need for graphic processing units. However, Bitcoin and other coins using proof-of-work model are still going to remain the main clients
All of this including forecasts and assessment of the risks will be cleared in the next report planned for 25 May.
What do you think about the prospects for NVIDIA ?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Nvidia Losing SteamNvidia and other tech stocks like AMD are losing steam. Currently it is outside of it's main channel and printing a head and shoulders pattern. I am expecting some kind of bounce in the DCA area, the trick is to buy s l o w l y so you don't get caught without liquidity.
It's been nothing but bad news for the stock market, and the next Nvidia offerings are a ways away. Sit tight and buckle up, it's discount season soon
Time to revisit Nvidia!Hello Friends!
I’ve taken 5 positions of Nvidia from 2018 to 2020 and sold 40% on December 2021 at overbought conditions. I’ve been sitting on cash from that sale waiting for oversold conditions. I’m planning to look at how it reacts to the .236 and .382 zone. I believe the FEDs rate hikes, inflation, and potential chip oversupply from demand going down will give me an opportunity to enter positions below $165. Also that $165 target should bring down the RSI to oversold conditions.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
NVIDIA (NVDA) | Approaching Technically a Strong Buying Zone!Hi,
1. Channel projection
2. AB=CD
3. 2xFibo levels
4. 50% drop from the ATH
5. Different TF EMA's
6. Mid-number
7. Strong horizontal area
Do your own research about fundamentals and if its matches with my TA you are ready to go.
Regards,
Vaido