Drop to 270? what do you think?the upward movement has weakened. perhaps a smaller correction, but I expect a drop to 270. what do you think?
Nvidia
Intel FOMO - Overseas Supply - Made in America STORYTELLINGTurnaround stories can be polarizing investments -- some see the long-term potential while others see a business full of problems to overcome. HOWEVER, an OVERSEAS SUPPLY CHAIN makes it take longer and cost more money than originally thought. As with ANY company. The supply disruption is PERMANENT. If there is no actionable PLAN B......
The highest Intel ever spent in a single year has been $16 billion. They are expecting it to go up beyond 2022. They're expecting this turnaround to be very expensive. .... because SPEND SPEND SPEND.....
They don't make what they need to in America. Like most US companies that have taken advantage of OVERSEAS PROFITS (ie. Apple, Amazon), they have no other opportunities to build what they need, where they need to. Supply Supply Supply.
Stuck in the ocean & ports like EVERYTHING else from the OLD ECONOMY.
I'm a fan of SOFTWARE. #cannabisreform software. $KERN
Looking forward to the Republican led "States Reform Act" on Monday.
GL all
Go Biden's "BUY AMERICAN ACT". Time to generate US MANUFACTURING & SALES in country. What a thought.... lol
PS. JUST BE SURE THE COMPANIES YOU INVEST IN CAN ACTUALLY MAKE THEIR PRODUCTS IN AMERICA SHOULD THEY SHIFT THEIR MANUFACTURING...... yikes
NVIDIA targets 1 and 2the price went up for too long. I expect a strong correction to targets 1 and 2. reaching target 2 will be more difficult.
Double Top?
A double top looms on the chart. the price went up for a long time and now it looks like it wants to take a breath. What do you think?
waiting for a correctionAMD went up for a long time, forming new highs. Now the price needs to gain strength for a new rise, so I am waiting for a correction and a rebound from the level..
ESports - Value Investing - DraftKings Competitor - Metaverse Gaming stocks are great. Gaming #stonks like $DKNG not so much. Valuation matters most in *rising rates environment. #valueinvesting wins next decade.
#cannabisreform is #thefuture
$KERN #thegem
CANNABIS COMPLIANCE SOFTWARE
GL
$NVDA | REQUESTED TAAfter an INSANE run today, Nvidia looks like it needs to cool down a bit. Going long at this region presents a lower risk/reward than I'd ideally like to take. Things to note are the extended MACD and 2.618% fib extension to potentially conclude wave 3.
Pullback into $255-270s would be ideal to build a base for the 5th wave higher!
NVDA (NVIDIA) long term countIt seems AI is beneficial
Very bullish on NVIDIA, we work the wave (3) now and there is still a long way to go
Short term target 5-800
NVIDIA (NVDA) bullish working wave 3Wave 3 of (3) completed, but still a long runway ahead it seems
Seems to continue the bulltrend well into 2022
Overbought maybeI know in this day and age a pullback is entirely unfathomable, but even during covid times we see rsi spike above 80 pre earnings then disappointment following consistently. Bulls and bears will be expecting this and therefore no buyers are coming in and momentum will drain.
NVDA shortEntry price: 263-265$
Target price: 236-238$
Stop loss: 265-267$
Fibonacci extensions: the price is approaching 1.618 level
RSI: over 80, therefore, the market is overbought
Conclusions: RSI suggests that trend reversal might occur in the near future. Moreover, the price is approaching Fib resistance level. Thus the short position is recommended with the stop loss above the resistance level.
no financial advice
$NVDA | WEEKLY WATCHLIST 11/1One of my better counts that I'll be watching develop. We have hit and rejected the 1.618 fib extension wave 3 target of $257.32. I anticipate some distribution to occur this week near this level before an ABC major wave 4 retracement takes place. This should take us anywhere between $226-242 (I know this is vague for now since not much clarity yet) and should expect a bounce somewhere in this price range. Once we can confirm all of this is correct thus far, I will then consider starting my long swing for the wave 5 target of $290-300. Patience is a must here and we will most likely be tracking this setup for 2-4 weeks.
INTRADAY! $AMD DAY TRADE PUTS? P'rice action near resistance in intraday trend.
P'T : 118 (Red Box)
Daily Chart
- Near ATH
- Overbought
NVIDIA repeating patternOkay, who left their algo running on repeat?
The yellow pattern is a literal copy/paste of the blue pattern, and it fits over the recent price movement almost exactly.
Dear Shepard, please lead me to my MoonLambo :D
(just a fun observation)
NVDA Update Target $240 then $250 TutorialHi...Chart is best viewed on a larger screen than a phone.
Please listen and read the notes and annotations on the chart.
There are a lot of trading point tid bits and how using the
markets own structure to take a position, if you really want to see.
Probably more than I can see...tell me what you see as well.
We can get smarter together.
