Intel - Do Not Buy This YetEven though Intel shares have been beaten up in recent months, the stock is still not a buy!
The OBV already shows clear hidden bearish divergences after the recent, hesitant recovery, which point to further price losses.
Semiconductors
Strong Bearish Divergence Points to Potential NVIDIA DownturnAnother setup for NVIDIA based on a pronounced hidden bearish divergence.
We have specified a minimum price target here. The divergence is very pronounced, so there is a very high probability that the NVIDIA share price will dip below USD 100 again.
Intel Corporation (INTC) Stock: A Investment Opportunity ?Intel Corporation's recent earnings report has raised some concerns, but there are several reasons to remain optimistic about INTC stock.
Despite a challenging Q2, Intel is strategically shifting production to its high-volume plant in Ireland, positioning itself for long-term gains.
The company's focus on cutting-edge chip manufacturing and AI advancements highlights its commitment to innovation.
Moreover, Intel's diverse portfolio, including the promising Gaudi AI products, provides a solid foundation for future growth.
With strategic cost-cutting measures and a strong financial position, Intel is poised to rebound and deliver value to its investors.
Intel - Is this for real?NASDAQ:INTC created a top formation and is dropping hashly ever since - be careful!
Click image above to see detailed analysis
Catching falling knifes will go wrong 9 out of 10 times and you will cut yourself very badly. Just in a couple of months, Intel is down about -65% and is not slowing down at all. This honestly seems like the possibility of bankruptcy is not that far away and investors and trader should be extra careful. We have support coming soon, but the question is: will it stabilize price?
Levels to watch: $18
Keep your long term vision,
Philip - BasicTrading
Positive signs for $NVDA We saw some decent buying into Fridays close as per chart , close clearly above daily anchored vwap ,
I don’t have a position on NASDAQ:NVDA here but will be keeping a eye on it for more clues
ARM, Eyeing a bounce short termLooking at the ARM chart on the daily, we have multiple factors that indicate a probable short term bounce. We have bottoming tail on the daily, We've just kissed a long term trendline, we are at the 200 SMA and EMA, The RSI is at 30. We've had two weeks of relentless selling and we are now down 41% from the highs. Eyes we be looking for a short term bounce.
Triple bottom signals reversal on Intel?Is this a breakout for intel after forming a 6 month triple bottom?
Nvidia - The tide is (finally) turning!NASDAQ:NVDA is about to create a bearish reversal which will lead to a -60% correction!
Charts just don't lie at all - instead fundamentals are always an illusion. Nvidia was retesting a major resistance trendline and is starting a significant bearish reversal. Nothing changed fundamentally but Nvidia is already down -25% over the past couple of days. This is just the beginning of another potential bear market, like we saw it back in 2018 and 2021...
Levels to watch: $55
Keep your long term vision,
Philip - BasicTrading
NVIDIA - Levels to Watch NVIDIA - NASDAQ:NVDA
The chart demonstrates a pattern of rising parallel channels for durations of approx. 142 - 152 weeks followed by 36 - 46 week corrections.
We are currently in a defined rising parallel channel and we are at week 92 of that bull trend, with a further 50 weeks probable based on the historic repeating timeframes. This does not guarantee a repeat timeframe of 142 - 152 weeks, but it does make it more probable.
⚠️What to watch out for?
▫️ Price breaching down and out of the short term parallel channel. This would be an initial warning.
▫️ Price falling below the 50 SMA would be a confirmation of a trend shift to bearish (blue line).
▫️ Otherwise, a roughly 142-152 month bull trend out to mid 2025 looks probable for now.
Another option to consider is that we trend sideways for 36 - 44 weeks like we did from Jan - Oct 2018. This type of sideways movement could travel along the top of the long term parallel channel (in blue).
Lets keep an eye on the short term parallel channel for that initial warning, otherwise happy trading the trend.
You can come back here at anytime and press play and you will get the price updated in terms of the levels marked.
PUKA
Micron Technology - Patience and price action!NASDAQ:MU is literally creating so clear and repetitive market structure, this is textbook.
Bullish break and retest, cycle and correction. Micron Technology has been repeating this price action for over a decade and is about to enter another correction phase. If you don't want to trade this anticipated correction, you can instead wait for another retest of previous resistance, bullish confirmation and a rejection. Following the cycles, a bullish move there is quite likely.
Levels to watch: $140, $95
Keep your long term vision,
Philip - BasicTrading
AMD - Correction of -40% over?NASDAQ:AMD just created a new all time high, however we have to be quite careful now.
Volatility is the basis of every major trading position and trading profit. Advanced Micro Devices is just such a stock which offers volatile swings every now and then. Currently Advanced Micro Devices is retesting the previous all time high which is now acting as support. I do expect a move higher but there is simply no good risk to reward setup at the current levels.
Levels to watch: $155, $110
Keep your long term vision,
Philip - BasicTrading
NVIDIA (NVDA) "long price resistance" The resistance on the price of nvidia looks strong. The price is directionally moving upward. Some price decreases could occur but there are strong indications that the price will remain strong including potential to climb based on need or demand.
Is doneHistory repeats. AMD is going back to the lower trendline and it can even break it like it did on April 2022. I'm not shorting here, I'll wait for a bull rally to start shorting. But I wouldn't buy this. Not now.
Marvell Technology (MRVL) Analysis Market Position and Growth Drivers:
Marvell Technology, a leader in semiconductor infrastructure solutions, is set for substantial growth due to increasing demand across sectors such as game consoles, printers, enterprise workstations, and AI servers.
AI and Data Center Expansion:
A key driver for NASDAQ:MRVL is the rising adoption of AI technology, fueling demand for data centers—Marvell's largest business segment, which accounted for 40% of its revenue last year. As AI infrastructure spending increases, Marvell is well-positioned to benefit, enhancing its revenue growth and stock performance.
Technological Edge:
Marvell's products are critical for AI-optimized data centers, offering interconnects and data transfer solutions necessary for high-performance computing systems. The company's custom AI component business is expected to ramp up significantly in the latter half of this year, with high-volume production anticipated in fiscal 2026.
Investment Outlook:
Bullish Outlook: We are bullish on MRVL above the $65.00-$66.00 range.
Upside Potential: With an upside target set at $103.00-$105.00, investors should consider Marvell's strategic position in AI and data centers as key drivers for future stock appreciation.
📊🔧 Monitor Marvell Technology for promising investment opportunities! #MRVL #Semiconductors 📈🔍
$INTC has its biggest run in a long timeNASDAQ:INTC has hit the 1st level.
We are being strategic and locking in some gains. We are over 10% profit mark in a few days & Intel is above the gap fill area, which was the 1st tranche of selling.
Still have a good sized position and wrote covered calls on 1/4 of the position.
NASDAQ:SMH NASDAQ:SOX
QCOM ContinuationQCOM recently received a bullish signal on our mean reversion indicator on the lower time frames. The daily view on this chart also looks promising for continuation.
ARM Long Position TradeHello sorry my camera did not pick up this time but next time I should get the camera working. Here is a different strategy for today that I haven't shared with anybody on TradingView where I simply put on a large position and ride the market up in a high performing stock or sector. I use my VIX Rank Percentile histogram indicator "that you'll see in this video you can download from my profile " which tells me that the VIX is calm or not calm green bean safe time to hold the position and red being a riskier time to hold the position. I will hold this long position whenever my histogram is green, and I will take the trade off whenever I feel like it's a good time to take it off or maybe partially take it off if the market's getting a little shaky.
NVDA ContinuationNVDA is giving a blue continuation signal after 3 days of sharp selling. It may need more time to flag, but the risk/reward favors the upside.
200+ coming?This will move along with NVDA as AI mania keeps growing. This should easily hit 200+ by year end. If it hits my target and close to that above green trend line, then I think its time to get out of the market. Stop loss 130. All the best !!
Broadcom - Just be careful...NASDAQ:AVGO is quite overextended and retesting resistance so you have to be careful.
Broadcom is rallying. This is a pretty obvious fact, considering that Broadcom is up roughly +330% over the past 1.5 years. Eventually we will see a correction, the only question is when and where. Currently, Broadcom is retesting a resistance trendline which has been pushing price lower for over a decade. Maybe this is a good area to close partials and monitor price closely.
Levels to watch: $1.840, $1.140
Keep your long term vision,
Philip - BasicTrading
NVIDIA 176% YTD GAINS 2024 NASDAQ:NVDA 🚀 NVIDIA’s Stellar Ascent: A 176% YTD Surge! 🚀
In the high-stakes world of tech stocks, NVIDIA has emerged as the year’s undisputed champion, boasting a jaw-dropping 176% increase in its stock price year-to-date. Here’s a snapshot of why NVIDIA is the talk of Wall Street:
Market Cap Milestone: NVIDIA has not only skyrocketed in stock value but also achieved a monumental market cap of $3.335 trillion, surpassing tech giants like Microsoft to become the most valued company in the world.
Stock Split Magic: The company’s recent 10-for-1 stock split has made its shares more accessible to a broader range of investors, fueling the fire of its already impressive rally.
Generative AI Gold Rush: NVIDIA sits at the forefront of the generative AI revolution, with its GPUs being the powerhouse behind the scenes. This sector is projected to reach a staggering $967.6 billion by 2032, and NVIDIA’s leading-edge technology is poised to reap the benefits.
ETF Rebalance: A leading tech ETF has shifted its balance, significantly increasing its stake in NVIDIA. This strategic move involves a massive $23 billion stake exchange, highlighting the confidence investors have in NVIDIA’s future.
Wall Street’s Vote of Confidence: Analysts are bullish, with predictions that NVIDIA’s stock could soar to $200. The consensus is clear: NVIDIA is expected to dominate the computing market for the next decade.
SMCI UpdateUpdate to the idea shared a couple days ago. Our liquidity indicator was calling for longs on SMCI and we are now getting that play-out as its breaking above 800.
AVGO, Split coming? On it's way to 1550?The chart for Broadcom Inc. (AVGO) on the NASDAQ shows a bullish breakout from a falling wedge pattern, indicating a potential upward price movement.
After the breakout, the price has consolidated around the $1,406.64 level, suggesting a healthy pause before the next move.
The RSI at 57.48 indicates neutral to slightly bullish momentum, and increased volume during the breakout adds credibility to this move.
The projected path suggests the price will consolidate around $1,407.78 before breaking out to $1,419.17 and potentially reaching $1,438.35 and $1,445.40. Considering these factors, entering a long position if the price breaks above $1,419.17
with strong volume could be beneficial, with a stop loss below $1,391.91 to manage risk and targets at $1,438.35 and $1,445.40.
This could easily tun to 1550 with a 10% implied move on earnings.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult a financial advisor before making any trading decisions.
