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NVIDIA (NVDA) Strong up trend - LONG/SHORT POSITION THR 10THSector:  Technology Industry:  Semiconductor - Specialized BASIC INFO: NVIDIA Corporation operates as a visual computing company. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general purpose computing; and GRID for cloud-based visual computing users. The Tegra Processor segment provides processors that integrate a computer onto a single chip under the Tegra brand name; DRIVE automotive computers, which offer self-driving capabilities; and tablet and portable devices for mobile gaming and TV streaming under the SHIELD name. The companies products are used in gaming, professional visualisation, datacenter, and automotive markets. It sells its products primarily to original equipment manufacturers, original device manufacturers, system builders, motherboard manufacturers, add-in board manufacturers, and retailers/distributors. NVIDIA's outlook Investors could hardly be more optimistic headed into NVIDIA's second-quarter earnings results on Thursday. The stock is the single-best performer on the S&P 500 over the past year, up almost 200% in 52 weeks. NVIDIA Revenue looks on track with a steady increase, Earning per share are rising as well as dividends. Earning growth still above the industries average with the last few estimates exceeded by the actual report. 5 year forecast sits at 10.3% and were seeing a PEG ratio of 5.2 NASDAQ Guru Rating P/E Growth Investor Peter Lynch NVDA gets a 56% rating based on Peter Lynch's methodology. Value Investor Benjamin Graham NVDA gets a 43% rating based on Benjamin Graham's methodology. Momentum Strategy Investor Validea NVDA gets a 89% rating based on Validea Momentum methodology.. Growth/Value Investor James O'Shaughnessy NVDA gets a 60% rating based on James O'Shaughnessy's methodology. Small Cap Growth Investor Motley Fool NVDA gets a 61% rating based on Motley Fool's methodology. Contrarian Investor David Dreman NVDA gets a 50% rating based on David Dreman's methodology. Growth/Value Investor Martin Zweig NVDA gets a 62% rating based on Martin Zweig's methodology. Price/Sales Investor Kenneth Fisher NVDA gets a 40% rating based on Kenneth Fisher's www.nasdaq.com Ok after all that. NVDA seem to look good on the surface, theres lot of positive media report and the fundamentals look good, This could be a good sign or a bad one. Earning reports come out on the Thursday the 10th with an estimate of 0.69, if the release is positive we should see the price jump high with a possible entry for a long position if the end of day price stays above 171 after resistance is broken. However , if we se a negative result we would expect the pice bounce off resistance and brake the trend opening us up for a short position. So LONG POSITION wait till Thursday and if price brakes 171 go for a long position with stops around the 157 mark and ride the trend up adding to positions every time price rebounds off bottom trend line. Close positions after bottom trend line has been broken. SHORT POSITION wait till Thursday if price brakes 157 go short with stops around 170 and a target of 138.
NASDAQ:NVDA
by knoxshares
Bitcoin Bullish Reversal with IH&S as Segwit Activations LoomUnfortunately, it seems that the Megabull ended prematurely thanks to a bunch of greedy companies and miners attempting to monopolize Bitcoin and sabotage Segwit: Roger Ver with Bitmain attempt to launch Bitcoin Unlimited through a Hard Fork but fail to get community support due to poor coding of BU, ASICBoost, Antbleed etc. We finished from BU thought we were done, then Barry Silbert whose building his empire on cryptocurrencies through legal and shady means (owns Digital Currency Group, Genesis Global Trading, a bitcoin OTC trading firm, and Grayscale Investments, took advantage of the Ethereum fork to make ETC from the chain split) and big crypto-dependent firms took it upon themselves to come up with Segwit2x variation through NYA Meeting without inviting Bitcoin Core devs (main Dev of Bitcoin since inception). These big players decided they would develop instead their own quick untested Segwit version through RSK developers (Bitmain invested in them and who knows who) and also Hard Fork a 2MB form as well few months later. The rest of the community was not consulted. BitcoinABC: Although Bitmain agreed to Segwit2x, somehow Jihan wants as well his own Bitcoin version through a Hard Fork which he would pre-mine for himself before releasing and it would increase the block size to a whopping 8MB. As you see we have multiple big corporations attempting a hostile takeover of open source cryptos. The worst part is that their Segwit code is poorly coded/buggy and it also contains hard-coded seeds that send network data to some of the corporations (data mining). All these corporations should be held liable in front of a court of law for attempting to destroy or manipulating the $80 Billion cryptocurrency ecosystem in their favor. Anyways, enough venting from my end and lets just to this simple analysis of the current bear trend in play: Based on this 235D cycle and the blue bear market fractal from 2013 (post-megabull bearish trend), Bitcoin could attempt to put a bottom earlier than expected at $1950-1850 and start a new megabull cycle immediately if Segwit Bitcoin Core (BIP 148) activation succeeds without a chain split through August 2017. The bullish reversal would complete through the plotted inverted head and shoulder (IH&S) on the chart. As depicted, we would start the new megabull around September 9 and reach the final All Time High at $13,370 - $10,000 at the 235D Cycle top on October 9. This is the best scenario and to be honest the chances of it occurring aren't pretty high due to the uncertainty lying ahead with potential chain splits and hard forks from different groups. Worse case scenario not depicted on this chart would be 1 year of bear market 2014 style Currently, were looking at a bottom as: 1. Support at $1950-1850 which is 50% Fibonacci retracement and Bitcoin is potentially testing this area as a final bottom. 2. The 1D RSI is oversold currently at 28 and we had some capitulation wick down to $1830 on Stamp and finex. 3. Notice we hit the 3D Bollinger bottom band as well at $2000-1975 roughly. Previous bear trends weren’t shy of dropping $100-200 under the bottom 3D Bollinger band with volatility before violently bouncing up with a short squeeze. Stoplosses: 1. If we do close a daily under $1800 then the entire trade setup would be VOID. 2. Also consider this entire chart VOID if the Bitcoin chain splits in two or more chains through August 2017. If we do split chains, then expect Bitcoin to crash down to $1240-1140 support eventually. If your new to crypto or trading all together, you would benefit by subscribing to my Bitcoin/Cryptocurrency Live Trading Alerts or my unique 1-on-1 Cryptocurrency/Bitcoin Mentorship and Coaching courses on my TA methods -- PM me directly for more information. Check out my profile for my social media links and the website as all the free trading material and information are located there.
BITSTAMP:BTCUSDLong
by BitcoinGuru
18
Keep an Eye Out for the Pitchfork! (450 pips on USDCAD)Hey all, I've got a simplified graph here with just the bare features required to visualize the fact that the pair has been adhering to this pitchfork quite nicely. I expect it to hit the following three targets sometime within the next few months. This is barring a complete bearish reversal due to the Canadian dollar's recent strength, which may end up causing the pair to fall to the lower channel. That is a key stipulation that one must consider when analyzing the entry.
Long
by Cohiba93
Decision Point on USDCHFHey all, I've given this pair another look since my last analysis on USDCHF very recently hit its final target. Following that last target, we can now see that the price has been consolidating in the area between the 0.382 and 0.236 levels on the blue fibonacci retracements. From here, the price can push up through the 0.382 level to test the upper level of the channel again. The three targets outlined here are all based on important S&R levels that often coincide quite well with the fibonacci retracements on the larger time intervals. Conversely, the price may opt to break through the 0.236 level with a goal of testing the lower wall of the descending channel. Again, we can 'safely' assume that it will hit three targets that are also derived from a combination of S&R levels and fib levels. What is interesting about this particular idea is that an "upper play" means that there is a strong potential for the formation of a potential wedge (marked by the red triangle). This would mean that the price already hit the wall of the wedge back on the 22nd of May and that the descending channel would be giving way to a falling wedge - which has implications on the long-term plans for this pair. Upper Play Entry: 0.97827 TP: 0.98142, 0.98534, 0.99039 (area) SL: 0.97549 Lower Play Entry: 0.96905 TP: 0.96791(area), 0.96286, 0.95503 SL: 0.97145
by Cohiba93
Study3Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and stay flat until some side is hard broken. Only after that we can anticipate given direction to be reached. This chart shows absolute levels. Trade what you see. Resistance above , no longs , support below , no shorts , WAIT , Best decision right now.
by 3nchev
Aussie - Amazing these daysAussie is amazing these days , It shows very nice trading opportunities. A lot of people are trapped here however. No reason to sell this pair for now. It can be sold only higher. We are on Major levels which show us strength. I currenthly anticipate higher prices next month . I'm waiting for more confirmation from Monthly close , If needed I will wait for Weekly close. I don't know what will happen , no-man's land . Market can move a lot for a short period of time. It's better to miss a trade than to Hope given trade to be profitable. Be patient and Risk small !!!
by 3nchev
Alcoa - Destiny Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch candle closes , don't be fast in triggering the shot (trade) ! I wait for Daily strong closes + Weekly and Monthly bullish closes before starting to write my trading plan for future.
NYSE:AA
by 3nchev