NVIDIA lower channel retesting, possible bull run to 591$Possible NVIDIA bull run after bouncing the lower boundary of the 2020 channel. This channel provided great results this year and I'm betting it will bounce once again. It worked 3 times already, why shouldnt a 4th one?
See chart. Final target to be reached before earnings in 20 days. Careful since it may need a clear strong bull market signal to actuall rocket.
PT 1 intermediate:550$
PT 2: 570$
PT final: 591$
Stop loss if it breaks the big channel or if market crash hard due to USA elections.
Nvidia
AMD whats your next move?😩 Some times we are faced with difficult decisions in the trading/investing space and this comes from the psychology and emotion of the game.
🐻 I pride my self on being pretty emotionless when trading, in fact some times I can be pretty brutal when it comes to day trading shorter time frames.
But I dont just trade and there is a big difference between trading and investing.
👨💼 I invest into other asset classes as a defensive play or a way to hedge into global markets and this comes from the saying "never put all your eggs into one basket"
You see if all you did was trade the one asset and just keep accumulating and accumulating to the point the majority or all of your wealth is in the one asset, if anything where to happen like say...Apple closes the doors one day, the ethereum blockchain gets hacked, or the USD collapses, you will quickly see your hard earn disappear very very quickly.
🐻 So I have learnt over time to play other markets, industries and asset classes as a defensive move to protect my wealth.
Precious metals and other commodities, foreign currencies, and even equity markets which can be broken down even more into multiple industries like pharmaceutical, banks, real estate, entertainment and payment systems.
🥰 Over the last 12 months I have been really enjoying the long term growth in the US markets playing on the New York Stock exchange, but today I'm faced with a dilemma .....and I feel like I'm breaking one of my rules.
🤓 A while ago now I jumped into AMD at $33, I'm sure you have all heard of them, they are a huge CPU/GPU manufacturer for computers and graphics cards, something that is mass produced and for ever evolving.
Recently there competitor Nvidia came out with there new range of graphics cards and AMD took a small hit while there competitor shot up...How ever.
Nvidia's launch was not the best and there has even been some issues with there new cards and bad reviews, and to hit back AMD now releasing details of there new Zen chips which look to blow Intel out of the water yet again.
😤 So we have some pretty bullish fundamentals, but here is the problem I'm faced with.
The chart is cooked lol
We are well and truly off the long term growth trend, we have had a parabolic run then accumulated with in a tight zone and now seem to be forming a flag pattern on the higher time frames.
Technical's are telling me "be happy with your return, drop your bags and wait for another entry back on the long term trend".
But I'm a massive AMD fan boy, I run there cpus in all my pc's and laptops, i even use there graphics cards and I feel like the new Zen chips could see some more spikes on the charts in coming months...
👉 This is why its important to separate emotion from the charts, it clouds your judgement, you doubt your self and often end up making poor decisions.
The downside seems temporary and I'm confident on a return to the bullish trend which in tern will provide more steady growth long term.
A rise from this flag will see us deviate further from the long term growth hinting the chance of a much larger correct to even pit us below the long term growth which can in some cases on a technical stand point indicate a down trend forming...
what to do what to do?
NVIDIA CORP signal buy , NVDA Stock a buy opportunity
the purchase from the second green candle has two reasons: the breakout of the VWAP indicator and the interesting volume compared to other volumes this means that this market is at the start of its uptrend, therefore a buy signal
if you agree with this analysis like it and comment to encourage me
the pro analyst
NVIDIA counter market crash >500Bullish divergence forming on NVIDIA that is holding the lower 2020 channel. Can trace back and then bounce over, especially in case of good news or market recover. The idea is invalidated if NVIDIA break lower channel or in case of another market crash. The idea will trigger when the momentum accumulating will be released, hopefully in the bullish direction
PT1:507
PT2:533
NVidia (In this world, violent men are the easiest to deal with)View On NVidia (10 Sept 2020)
NVidia is one of the best performing stock for the past few years.
It can produces highly chased after products years after years and it really does reflect well in the share price.
Overall it is still in the UPtrend but it can have some pullbacks now and then as well.
The good support (or) the good price to get in again will be around $400 (or) $350 region.
We are not in the hurry to buy in yet.
DYODD, all the best and read the disclaimer too.
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Nvidia StudyThis stock is overbought too long and in the bear chain in both of the week and month lines, and this is the September rather than December, pls hold and don't get into it until it goes down further. The announcement of acquisition of ARM is too short and make the market rally too hike. It will return to normal after a while.
BUY NVDA 9.16.2020Nvidia's 40 Billion dollar acquisition of arm could mean the new generation for machine learning and AI. The new Nvidia GeForce 30 series graphics cards announced earlier this month will be finally released on September 17 and 24th for the two higher end cards, and in the beginning of October for the budget card. Since the beginning of the pandemic, many people have turned to gaming as a form of entertainment, and PC gaming has become significantly more popular. The new Nvidia Graphics cards are an insane step in gaming, which is one of the factors that I believe will lead to the stock price going up. The new cards are also a massive jump in machine learning technology, something I specialize in. Nvidia has the best libraries and hardware for machine learning and these new cards have an insane amount of VRAM, CUDA cores, and specific architecture built for machine learning, aswell as the massive amounts of libraries and GPU support for many common machine learning libraries. I believe that within the first few weeks of people receiving their new cards and testing them, benchmarks and reports will be published on their gaming and machine learning performance and the world will be amazed. With the acquisition of arm, it seems that Nvidia is making an aggressive push towards a monopoly on machine learning technology (even though they are currently at the top with google right now). This is why I believe that in the long term (1-3 years) the stock price could very well get to $900, but more realistically I would set it at a target price of $2,000 in 2 years from now. This target price and date is partly based on Moore's Law, and the rate of development of current machine learning technology.
NVDA Nvidia Exciting Upward Trend! NVDA (Nvidia) is an exciting stock to be in. Given their processing tech and the ability to branch into many cloud businesses such as gaming, processing, and storage, their technology has become a necessity, and demand consistently exceeds supply.
I got into NVIDIA as a long-term growth play when it was trading at $360. The breakout above previous ATH with volume was an obvious signal to buy, along with STRONG fundamentals and macroeconomic environment making it a recipe for the next rocket.
I don't typically buy into overbought stocks, but with the environment around stocks like TSLA and AAPL making it obvious a tech bubble was forming, it looked like a stock that wasn't getting as much attention yet given the news cycles were sparse, and product launches upcoming in Q4 were going to be great fodder for future growth.
I played it right, and the stock went all the way up to $585, now in a correction pattern.
Based on the Fib extensions and Elliot wave patterns, this is a very healthy growth stock with potential to shatter its ATH in the next 6 months.
Disclaimer: I am not a professional and I draw charts for my own education and keeping track of my trades to know when to get in and when to get out. I'm always open to constructive feedback so feel free to share your thoughts in the comments. Thank you!
FANG+ Index: All US Fang Stocks Likely ToppedHello traders,
The NYSE FANG+ Index, which constitutes: Tesla, Nvidia, Alibaba, Baidu, Twitter, Facebook, Apple, Amazon, Netflix and Alphabet, have in my work, topped. In particular, those of which are US-born names. Some may get closer to their current ATHs than others, and others may consolidate in a B wave more than others, but overall as a general trend, many of them have reached their complete and total top.
A lot of people were angry at my Tesla call where I accurately predicted that the top was reached and it will begin to crash - this deemed to be correct and spot on. Since then, many people on TradingView have copied my Tesla chart almost identically with different colours now that they have already seen a significant demise in the technicals of the stock.
This is not the time to be taking risk and artificially believing large-cap US tech can "go up forever" otherwise you will get burned in the next half year and several years beyond.
Trade large-cap tech with extreme caution. This risk is not just limited to FANG stocks - but also - stocks like Peleton, that have soaring valuations; that are totally unrealistic, unsustainable and unachievable.
-zSplit
NVDA will continue up next weeks after finding a supportNvidia will continue its uptrend after finding a support on 0,236 fib level and on 1/4th gann fan level on top of the 50 MA. The next target will be the $688,69 price target level that lines up with 1/1 gann fan level that was acting as support and resistance throughout the last move aswell as the 1,618 fib level.
potentially catch Nvidia at 111, for return to BULL MODEas Nvidia makes it's 3 wave correction pushing down to 111 high volume price action.
Fundamentally, the graphics card maker is in a brilliant position as leading graphics card provider to work in future disruptive industries, such as AI, QC, Crypto and Autonomous driving, as well as established industries such as Gaming, CGI/animation and CAD design.
Not financial advise. Armature hobble chartist throwing out ideas here.