Short Position for NVIDIAThe price bounced on the support line and now is approaching the resistance from the wedge and the Keltner channel.
We expect that the price will reach the resistance line soon , get rejected and drop back to target point as in short position.
Entry, Stop loss and target are shown in the chart
Good luck.
Nvidia
NVIDIA Corp., Monthly, The Cisco Analogy and demand zonesAs with Tesla stocks, such increases were unsustainable. In my opinion, Nvidia is a very qualitative company, so after potential drops under the Cisco analogy ( CSCO ) from the dotcom bubble, it may be worth buying. Cisco ( CSCO ) during the dotcom bubble grew by 1500% from March 1997 to March 2000 (35 monthly bars) and then decreased by 90.10% (in 31 monthly bars). According to the analogy, the low would form in 2024 (March - August), but it may also be in about April '23, when, referring to the bearish analogies on the S&P 500 , the bear market may end. Bouncing off the green "buy" line will be a very strong bullish signal for me, but it needs to be aware of the price action after entering the first demand zone . The post-crisis price rebound should be over 150% in just over 440 days.
Pivot confirmed on Nvidia. NVDAC Wave of Zigzag on a background of negative strikes on parabolic and volatility indicators.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NVDA NVIDIA Corporation Strongest SupportNVDA NVIDIA Corporation looks ready for a technical rebound.
A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of NVDA is below 30.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
Looking forward to read your opinion about it.
NASDAQ decision time soonusing Nasdaq futures to monitor the long term trendline from 1999 till now... we violently broke the trend in 2008, but bounced beautifully in 2018/2020 and I think we soon get a decision on how price will act this time around... it should also let us know what to expect for tech valuations in the coming months/year!
September 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Bitcoin is down 2.75% over the last 24 hours and fell to an intraday low of $18,125.98. The largest cryptocurrency dropped alongside the traditional equity market as the Fed hiked rates by another 75 basis points, and the Fed Chair Jerome Powell projected another 125 basis points increase before the end of the year. Higher rates are likely to have a negative impact on the risky assets such as cryptocurrency and stocks markets, and the BTC price could drop further.
Today’s Cryptocurrency Headline
Nvidia Launches Metaverse Cloud Service Product Omniverse
Nvidia has announced the launch of Nvidia Cloud Omniverse, designed to accelerate the global adoption of the metaverse. The Nvidia Cloud Omniverse is a software and infrastructure-as-a-service product created to enable artists, developers and enterprise teams to design, publish, operate and experience metaverse applications anywhere. According to Nvidia, Omniverse Cloud services run on the Omniverse Cloud Computer, a global-scale distributed data center network for delivering high-performance, low-latency metaverse graphics at the edge.
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$nvda Capitulation? Last line of support! NVIDIA$NVDA is on its last leg of support, if it loses this area we are looking at $115 as the next support level
HOWEVER, I'm spotting signals of capitulation as I highlighted in yellow - steep decline with elevated volume.
In the past NVIDIA usually bounces after this type of price action and we have now touched the bottom of this descending supportive channel that its respected since last summer.
Fear is looming. Are you buying this blood?
NVIDIA Update - Bear MarketPrice has been falling since the stock's highs at the 344 zone. It has now formed a bearish gap at $148. More reason to remain BEARISH! I'm expecting it to get to the $40 zone. I'm sitting on the sidelines when it comes to NVIDIA and other US tech stocks. They are over-valued.
Nvidia draws attention back to Pelosi's stock picks Stock investments by US House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi, are again in the spotlight after shares of Nvidia (NASDAQ: NVDA) declined again after the pair reduced their interest in the semiconductor company.
Pelosi is the first female Speaker of the US House of Representatives and second in line to the presidency (after Vice President Kamala Harris). Considering her very public position, her financial matters and by extension, her husband's, always attract attention.
In July, the couple sold 25,000 Nvidia shares in a transaction valued between $1 million and $5 million. The shares were sold at $165.05 apiece, reflecting a loss of $340,000. On Sept. 1, Nvidia fell 18.3%, and if not for the July transaction, the Pelosis would have lost $753,000, the news platform added.
While the decision may have just been due to good investor instinct, it is being marred by controversies. The filing of a bill in Congress, as well as a visit in Taiwan are making it harder to simply brush some of the controversies under the rug.
Semiconductor Boost
Paul Pelosi invested in Nvidia on June 17 with the exercise of 200 call options for shares in the company at a price of $100 per share. The transaction was also valued between $1 million and $5 million..
It came at a time when the CHIPS Act is tabled for approval in Congress. The bill, which President Biden signed into law in August, aims to strengthen domestic semiconductor manufacturing, design and research. According to TechRepublic, the law will provide $52 billion for semiconductor manufacturing incentives and research investments, as well as a 25% investment tax credit for semiconductor manufacturing, which would be a great help to companies like Nvidia.
New York Post columnist Charles Gasparino labelled the investment the "latest home run" for Pelosi, who Gasparino wrote, "has been killing it in the stock market in recent years," winning with companies that benefit from governmental legislation.
Congresswoman Pelosi supported the CHIPS Act. Following the July sale, people have started singing a different tune that the transaction may have been done to alleviate conflict of interest concerns.
Or it could be another smart investment move. Nvidia fell nearly 3% at close of trading Sept. 2. It has been on the red that week, likely due to the US government's restriction of the company's sales to China.
Another event connecting the House Speaker to the semiconductor industry is her visit to Taiwan on Aug. 2. The visit, which according to BBC was "strongly condemned" by China, involved a meeting with Mark Liu, chairman of the world's biggest chipmaker, Taiwan Semiconductor Manufacturing Co. or TSMC (TPE: 2330).
Other Investments
Aside from Nvidia, the Pelosis have other investments in public companies. Business Insider reported in July that they have shares in companies including:
AllianceBernstein (NYSE: AB),
the class A (NASDAQ: GOOGL) and C stocks (NASDAQ: GOOG) of Alphabet,
Amazon.com (NASDAQ: AMZN),
American Express (NYSE: AXP),
Apple (NASDAQ: AAPL),
Micron Technology (NASDAQ: MU),
Microsoft (NASDAQ: MSFT),
Paypal (NASDAQ: PYPL),
Salesforce.com (NYSE: CRM),
Tesla (NASDAQ: TSLA), Visa (NYSE: V),
Walt Disney (NYSE: DIS),
and Warner Bros. Discovery Series A (WNASDAQ: WBD).
Speaker Pelosi's involvement in these companies prompted a legislation that would prohibit members of the US Congress from trading stocks. After months of resistance, Pelosi dropped opposition of the proposed legislation.
Insider included the House Speaker in its list of 25 richest members of Congress, with a net worth of at least $46.1 million. Amid insinuations that this may have something to do with information she passes on to help her husband with his investment decisions, the congresswoman told reporters in July that this was never the case.
Nvidia (NASDAQ: $NVDA) Sure Getting Interesting 👀NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
SPX SP500 Bottom predictionHere is my prediction of the SP market bottom.
How do we get here. well currently the small and medium stocks that were overpriced have been smashed, I'm talking about all specs the poster child of the 2020 run, all speculation stocks lemonade, zoom, peloton and other retail favourites have been killed.
Ive always said the market will bottom when the big names finally give way, I'm talking about apple Tesla Nvidia has already started. eventually the market masters want to buy at prices they always want to buy at, cheap. when Tesla finally comes from 100 PE ratio to 40, apple back to 20 nvidias down to 25 that's when the market bottoms. its always the big stocks that hold the market up last and right now we are in that phase.
keep your eye on Apple its currently around 158/160. this could easily collapse to 130 again if not lower Tesla down to 180/200. this will be the time to load up for the next 5 -10 years. patience is key here don't fight the fed, trend is your friend and no real reversal is in play imo until demand destruction has happened, recession is here, unemployment comes up to 7/8%, interest rates continue to raise higher causing new mortgages to come to a stand still as people won't be able to afford to buy, housing starts coming down again all of this is definitely possible in my opinion. don't forget loads of other macro events too.
August 25 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to the OKLink data, Ethereum miner addresses have transferred more than 317,000 ETH since August. Bitcoin is up 1% over the last 24 hours and rose to an intraday high of $21,900.00. The largest cryptocurrency has been trading in a tight range between $20,800 and $21,500 since 19 Aug, indicating the demand dries up at higher levels. If bears manage to push the price below this zone, a deeper drop towards $20,000 could be expected.
Today’s Cryptocurrency Headline
Nvidia's Second-Quarter Net Profit and Game Revenue Fell 72% and 33%
Nvidia’s second-quarter gaming revenue was $2.04 billion, down 33% year-over-year and a 44% decline from the first quarter. In addition to the macro environment, Nvidia CFO Colette Kress said "As noted last quarter, we had expected cryptocurrency mining to make a diminishing contribution to gaming demand; we are unable to accurately quantify the extent to which reduced crypto mining contributed to the decline in gaming demand." Furthermore, Nvidia’s total revenue in the second quarter was $6.7 billion, up 3% year-on-year, and net profit was $656 million, down 72% year-over-year.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
$NVDA Nvidia missed earnings! Next level of support has a gap.$NVDA has a very interesting chart.
Today NVIDIA announces earnings, missed. The price plunged a bit after hours but not as bad imo.
I see a solid accumulation/support near the $157-$161 level.
NVDA previously broke out of a falling wedge on July 15th, however, it didn't back test the break-out zone afterwards, holding the support level this week would set up a textbook INVERSE Head & Shoulder pattern with a first target/resistance near the $190 level. Closing above the $190 neckline would open the door to more possibilities such as filling the gaps above (marked in red) created in APRIL 2022.
Losing the $157 level would break it down to the low $140's setting up a possible double bottom pattern as a best case scenario. Gaming is a billion dollar industry and most of the crypto decline shock is priced in. NVIDIA is poised for continued upside in the coming years as we slowly enter the metaverse.
NVDA: Will pull back soon, but bullish longtermNVDA provided a textbook 5-wave impulsive move off the low. The 3rd wave tagged the 1.618 extension and the 5th wave has reached the 2.0 extension. This move has been very clean. However, the fibonacci extensions have been reached and now momentum is beginning to fade (see MACD). That being said, I expect NVDA to pullback over the next 2-3 weeks. I would like to see price retrace to the .5 - .618 retracement levels, filling the gaps in an A-B-C pattern, followed by a push back above the Wave 1 high. If this happens, the price target for wave 3 will be in the 240-250 range.
$NVDA earnings could be a market catalystBears are looking for downside fuel to prove that these last few weeks were a bear mkt rally. And if NVDA misses it is safe to say they will punish those that chased it up. For now it is approaching a long term down trend high but is supported by the anchored vwap from the June swing low. No position but watching closely to see if it sets the tone.
NVDA (Nvidia) - 4HR - Potential Bearish Momentum & ResistanceNVDA (Nvidia) stock price may have reached temporary resistance below $191.
Potential bearish momentum is forming on the MACD indicator as well (4-hour time frame)
Nvidia reports earnings on 08/24/22 post-market.
Resistance price targets: $191, $194, $200.
Support price targets: $185, $183, $180.
seeking over $200 soon for this semiconductor stocknvda has made a quick return over the past couple months, and theres no reasont that if the broader market continues bullish that nvda should not participate. if we get higher lows in daily qqq i would imagine over $200 for nvda, or around the highest horizontal is in play. if we resist from the first horizontal and set lower highs daily qqq breaking pivot to the downside nvda i would go for thoelse lower horizontals.
NVIDIA Seeking For A New Support After Revenue Misses Nvidia drops after 2Q prelim revenue misses estimate. The company released preliminary earnings that show second-quarter revenue of $6.70 billion, below its initial outlook of $8.10 billion.
But looking at the price chart it clearly unfolded five waves up from the lows, so it appears that stock it's making just an a-b-c pullback within uptrend. Ideal support is around 165 area.