Nvidia - Higher, Higher And HigherHello Traders, welcome to today's analysis of Nvidia.
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Explanation of my video analysis:
All the way back in 2014 Nvidia broke out of the long term symmetrical triangle formation and entered a crazy bullrun. With the current channel formation on Nvidia, there is a high chance this stock will push higher even more to retest the upper resistance mentioned in my analysis.
From there I do expect a correction which could be similar to the one of 2022.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Nvidiacorporation
NVDA: $194M Insider LiquidationNVIDIA is presenting potentially lucrative short-term trading opportunities, specifically for derivatives. A months-long ascending triangle is visible on the hourly and daily charts; a second, smaller ascending triangle is potentially forming at the time of this idea.
I believe, and am hopeful for, that the smaller ascending triangle will prove invalid and complete the double-top "M" pattern with selling pressure draining NVDA to the $430 range which falls around the respective 61.8% Fibonacci retracement level. However, I think it would be reckless to count out a potential rebound around $470 which is where the second ascending triangle's support will be tested.
If the $430 support is reached, I believe this will be the time to enter a long call option as I suspect the asset will be retesting the $500 resistance. However, insider liquidation is a major concern especially since the total offload within the last 30 days is equal to $194.3M USD. A link to the SEC filings is posted below.
NASDAQ:NVDA
www.sec.gov
NVIDIA (NASDAQ: $NVDA) Poses Positive OutlookKey Takeaway
Nvidia, the world’s most valuable chipmaker, has become one of the most prolific investors in artificial intelligence start-ups this year, seeking to capitalise on its position as the dominant provider of AI processors.
Silicon Valley-based Nvidia said it had invested in “more than two dozen” companies this year, from big new AI platforms valued in the billions of dollars to smaller start-ups applying AI to industries such as healthcare or energy.
According to estimates by Dealroom, which tracks venture capital investments, Nvidia participated in 35 deals in 2023, almost six times more than last year.
Technical Analysis
NVIDIA shows strong development within a rising trend channel in the medium long term. This indicate that the company experiences positive development and that buy interest among investors is increasing.
NASDAQ:NVDA has given a positive signal from the rectangle formation by a break up through the resistance at $468. Further rise to $542 or more is signaled.
NASDAQ:NVDA has marginally broken up through resistance at $494. An established break predicts a further rise.
Jump on Nvidia’s Pullback: The AI Powerhouse Set for a Comeback
After rising more than threefold, Nvidia (NVDA) stock is pulling back, as uncertainty rises, and many investors take profit.
However, while it may be a while before shares triple in price again, much suggests that this top AI chip play could again perform strongly in 2024.
With this, instead of cashing out/sitting on the sidelines, you may want to enter/add to a NVDA position instead.
Why Enthusiasm is Sliding for This AI Chip Winner
Nvidia is far and away the leading supplier of chips for the generative artificial intelligence market. Booming demand for these chips has resulted in sales rising by triple-digits on a year-over-year basis, with sequential sales growth set to keep rising by a double-digit pace.
Earnings have increased by an even greater extent. Analysts forecast Nvidia’s earnings this fiscal year (ending January 2024) to rise nearly sevenfold compared to FY2023. So then, instead of having continued enthusiasm for NVDA stock, why is the excitement simmering down? Two uncertainties keep weighing on shares.
The first concern is uncertainty surrounding interest rates. If the Federal Reserve lowers rates next year, that’s good news for both chip demand, and for Nvidia’s valuation. However, if rates remain at elevated levels, this could slow down a rebound in non-AI chip demand, affect future AI-related chip sales growth, and limit the extent in which NVDA’s earnings multiple could re-expand.
Technical Analysis
Nvidia Stock movement is indicating a head and shoulder trend with the trough and crest touching the resistance and support level.
NVDA is trading near the top of its 52-week range and above its 200-day simple moving average.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum.
HPE and Nvidia Team Up for Full Stack Generative AI SolutionHewlett Packard Enterprise (HPE) and Nvidia, two industry giants renowned for their cutting-edge technologies, have joined forces to build a groundbreaking full stack generative AI solution. This collaboration is set to revolutionize the way we approach AI, opening up new realms of possibilities and transforming industries across the globe.
By combining HPE's expertise in high-performance computing and data center solutions with Nvidia's unmatched prowess in AI and accelerated computing, this dynamic partnership promises to deliver an all-encompassing AI infrastructure that is both powerful and efficient. The full stack generative AI solution will empower businesses to unlock the true potential of AI, enabling them to develop innovative applications, drive operational efficiencies, and gain a competitive edge in today's fast-paced market.
This remarkable collaboration signifies a major milestone in the AI landscape, as it brings together the best of both worlds. HPE's deep-rooted experience in delivering scalable infrastructure solutions, coupled with Nvidia's groundbreaking GPU technology, will create a synergy that is simply unparalleled. Together, they will pave the way for groundbreaking advancements in AI research, development, and deployment.
Now, you may be wondering, "How can I be a part of this exciting development?" Well, as an astute trader, you understand the value of seizing opportunities at the right time. Nvidia, being at the forefront of AI innovation, is poised for remarkable growth as a result of this collaboration. Therefore, I encourage you to consider adding Nvidia to your portfolio, as it has the potential to benefit significantly from this game-changing partnership.
As we witness the birth of a transformative full stack generative AI solution, it is crucial to stay ahead of the curve and invest wisely. By positioning yourself strategically, you can potentially reap substantial rewards in the coming months and years.
So, let's embark on this exhilarating journey together! Take a moment to evaluate the potential of Nvidia and consider adding it to your trading portfolio. As always, thorough research and analysis are key to making informed decisions, so ensure you carefully assess the opportunities and risks involved.
If you have any questions or require further information, please do not hesitate comment below. I am here to assist you in any way I can.
Wishing you an exciting and prosperous trading journey!
Nvidia Is Still Bullish💸Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse Nvidia for you🫡
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➡️Let me know your opinion about today's analysis in the comments below👇
➡️I will only enter a trading position if ALL of my trading/entry criterias are met!
Keep your long term vision!
P.S. Trading is risky and most beginner traders lose money!
NVDA ~ Snapshot TA (Daily / Nov 2023)NASDAQ:NVDA chart mapping/analysis.
Breakout/bullish price momentum pushing higher within an ascending parallel channel (green).
Bull target(s)
Golden Pocker Fib
Ascending trend-line resistance (white dotted)
78.6% Fib (+1)
Bear target(s)
50% Fib (+1)
Descending trend-line support (white dotted) aka "return to scene of crime"
38.2% Fib (+1)
Underlying gap fill (~423.81) + lower range of ascending parallel channel (green) confluence support zone
23.6% Fib (+1)
Lower range of ascending parallel channel (light blue) + gap fill (~306.01) confluence support zone
NVDA Analysis — Stuck in Island AloneGreetings dear comminity!
In the vast sea of stock prices, NVIDIA ( NASDAQ:NVDA ) shines distinctively.
💜 If you appreciate our charts, give us a quick 💜
Presently priced at $408, it finds itself ensnared in an intriguing Island Pattern formation. This pattern implies an imminent pullback, with a likely destination being the gap level at $318.
For astute investors eyeing long-term positions, this impending dip could offer an enticing entry point. However, a word of caution hangs in the air – tread carefully. While potential gains loom, the risk is equally palpable.
Risk Management is Key:
Avoiding excessive risk is non-negotiable. Prudent investors should keenly observe the price action as it unfolds towards the $318 mark. Analyze each movement, gauge market sentiment, and only then consider making your move.
In the volatile realm of stocks, knowledge is power, and careful strategy is your shield. As NASDAQ:NVDA navigates this intriguing pattern, wise investors stand vigilant, ready to capitalize on opportunities while safeguarding their investments.
Happy investing!
Nvidia -> 100% New All Time Highs!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $750level.
You can see that Nvidia still looks a little bit overextended on the weekly timeframe but therefore I do expect the bullish momentum to continue for the next couple of weeks.
With the recent break and retest of the $470 daily structure zone, market structure on Nvidia is now back to bullish and it will just be a matter of days until Nvidia creates a new all time high.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NVDA Falls Flat Today Following Big Market BeatAs we navigate these uncertain times, we must remain cautious and closely monitor the developments in NVDA and the broader stock market.
Unfortunately, NVDA witnessed a lackluster performance today, failing to maintain its momentum after the recent market rally. This decline may raise concerns and prompt us to reevaluate our trading strategies. While noting that a single day's performance does not determine the long-term trajectory is essential, it warrants closer observation.
Considering the current state of the general stock market, keeping a watchful eye on NVDA becomes even more imperative. As we witness increased volatility and potential market fluctuations, staying informed and making well-informed decisions is vital. By closely monitoring NVDA's performance, we can gain valuable insights into the market sentiment and potential trends.
Therefore, I encourage you to include NVDA in your watchlist and diligently track its movements. Keep an eye on the key indicators such as volume, price action, and any significant news or events that might impact the stock. Doing so, we can better navigate the volatile market conditions and make informed trading decisions.
Remember, caution is vital during uncertain times. While the market may present opportunities, it is crucial to approach them with a measured perspective. By staying informed about NVDA's performance and its correlation to the broader market, we can position ourselves to capitalize on potential opportunities or protect our portfolios from potential downturns.
In conclusion, I urge you to closely watch NVDA as it responds to the general stock market fluctuations. Take advantage of the tools and resources available to stay updated on the latest news, market trends, and expert opinions. We can navigate these challenging times more effectively by maintaining a cautious approach and being proactive in our analysis.
Nvidia -> Earnings ObliterationHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level.
On the weekly timeframe you can see that Nvidia is not slowing down at all and with today's massive +10% after hour earnings gap Nvidia just created new all-time-highs.
Since the weekly and the monthly timeframe are both back to bullish now, I am simply waiting for a retest of the previous resistance at the $470 level which is then acting as strong support.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NDVA Surges After JPMorgan's 'Massive Shift' in AII couldn't contain my excitement when I heard about the recent development that has sent shockwaves through the industry. Brace yourselves, as this news might be the golden opportunity we've been waiting for!
Just yesterday, JPMorgan, one of the world's leading financial institutions, made a groundbreaking announcement about a "massive shift" in its approach to artificial intelligence (AI). And guess whose stock soared to new heights as a result? You guessed it right! NVIDIA Corporation (NDVA)!
This remarkable turn of events has created a buzz in the market, and it's not hard to see why. JPMorgan's decision to embrace AI technology on such a grand scale indicates this sector's immense potential and profitability. With NDVA already being a key player in AI, it's no wonder their stock shot up like a rocket!
Now, you might wonder, "What's the next move, and how can I benefit from this exciting development?" Well, my friends, I firmly believe it's time to go long on NDVA! With JPMorgan's endorsement and the growing demand for AI solutions, we are looking at a potential goldmine here.
So, without further ado, let's seize this opportunity and take advantage of the momentum surrounding NDVA. By going long on this stock, we position ourselves to ride the wave of success that lies ahead. It's time to trust our instincts and make a move that could yield substantial returns.
As always, conducting thorough research and exercising sound judgment is crucial before making any investment decisions. However, given the recent news and the positive market sentiment, it's hard not to feel a surge of excitement about the prospects of NDVA.
So, my fellow traders, let's embark on this thrilling journey together and capitalize on the exciting developments in the AI sector. Please consider going long on NDVA and join me in embracing this opportunity.
UPDATE: Nvidia on track to its target of $562.33As mentioned before, there was a large Cup and Handle that formed on the price chart.
We then had the price break up and out of the brim level, showing intense demand and buying.
We also have 7>21>200 MA - Bullish and RSI>50 (Bull zone).
The first anticipated target we set was a medium term one to $562.33
Nvidia continues to make higher highs and all time highs. And this will continue as long as people are feeling bullish and confident with the current AI, Machine learning, deep learning
and quantum computing developments on the rise.
ABOUT THE COMPANY
Founding:
Nvidia Corporation was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem.
Headquarters:
The company is headquartered in Santa Clara, California, USA, in the heart of Silicon Valley.
GPU Pioneer:
Nvidia is credited with inventing the Graphics Processing Unit (GPU) in 1999, revolutionizing the gaming industry by allowing for more complex visuals and 3
Industries:
While Nvidia is best known for its impact on video games, its GPUs are also used in areas like artificial intelligence, high performance computing, data centers, automotive technology, and more.
GeForce:
One of Nvidia's most well-known product lines is the GeForce series, which are GPUs designed for consumers, primarily for gaming and video editing.
Tegra Processors:
Nvidia also produces Tegra mobile processors for smartphones and tablets, as well as vehicle navigation and entertainment systems.
AI & Deep Learning:
Nvidia has made significant contributions to the fields of AI and deep learning, with their GPU architectures being used to accelerate these tasks.
Nvidia -> Slowing Down And Now?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
Looking at the monthly timeframe you can see that after Nvidia retested previous support and the 0.786 fibonacci retracement at the $110 level, there was a solid rally towards the upside.
Also on the weekly timeframe you can see that we had a juicy inverted head and shoulders reversal pattern and I pointed out all the reasons why I do expect the upcoming pump of roughly 120% towards the upside.
Looking at the daily timeframe now you can see that Nvidia is a little bit overextended is also slowing down with momentum so there might be the possibility that we will see a short term correction after Nvidia actually breaks the current uptrend line.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Nvidia -> The Final ConsolidationHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that over the past 150 days Nvidia stock is actually up about 200% and is therefore definitely ready for a short term correction.
You can also see that we do have the next previous resistance zone which is now turned support exactly at the $325 area so I am now just waiting for Nvidia to actually retest this zone and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Nvidia stock is currently stuck in between support and resistance - nothing too interesting for now, I am just waiting for a break below the previous support area at $375 and then I do expect Nvidia to fill the gap and retrace back to the $325 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nvidia -> What A MoveHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nvidia just perfectly broke above the previous all-time-high which we created back in November of 2021 at the $340 level.
You can also see that from a weekly perspective Nvidia stock is a little bit overextended towards the upside, Nvidia just created a rally of 250% without any real correction, so I am now just waiting for a retest of the previous all-time-high and then I do expect more continuation towards the upside.
On the daily timeframe you can see that Nvidia stock is massively gapping towards the upside today with a gap of 25%, breaking all resistance towards the upside but as I mentioned we are a little overextended towards the upside so I am now just waiting for some kind of a distribution phase and then I do expect a short term correction towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nvidia Gains Favor with Influential Wall Street Family OfficesNvidia has garnered significant backing from some of the largest family offices on Wall Street, as evidenced by its remarkable 11.8% surge last week. This performance is all the more noteworthy considering that NVDA stock has already risen by 121% year-to-date. The recent release of 13F filings unveiled that family offices associated with Stanley Druckenmiller, David Tepper, and Steven Cohen have either initiated substantial positions or increased their existing holdings in Nvidia.
Druckenmiller augmented his stake in NVDA by 35% during the first quarter, acquiring over 208,000 shares, which now represent his second-largest holding. Tepper purchased 150,000 new shares, while Cohen's Point72 family office bought over 980,000 shares of Nvidia stock in the same period. The investment thesis revolves around Nvidia's revolutionary $40,000 H100 GPU chip, which has emerged as a primary tool for processing the vast datasets necessary to power AI chatbots and other advanced products.
Considering these developments, our forecast indicates a further increase in the value of Nvidia.