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Will NVDIA rise at the expense of APPLE?We have seen in the past few days the NVDIA Corporation (NVDA) to be holding its ground better than other tech giants that got more inflated during the recent run like Tesla. What we've discovered by running some regression tests among top 30 cap stocks, is a very interesting relationship between NVDIA and Apple Inc (AAPL). Though most people might think that the two have completely parallel paths on their growth, we found out that at times, their correlation has been negative. Our sample data starts 2 years ago from the October - November 2022 market bottom of the Inflation Crisis. As you can see, this is where the first divergence between the two stocks started, with NVDIA rising to spearhead the recovery to a new Bull Cycle, while Apple was lagging behind and falling. What followed was a period where naturally both stocks rose, which led to the first 'Bear' stage, what we call Phase 2 where both stocks showed a synchronized weakness (with Apple correcting more however). Then after a recovery for both to their highs, NVDIA formed a Bull Flag, which led to Phase 3 (similar to the late 2022 price action): Apple topped and started falling aggressively, while NVDIA started an impressive rally. Again a period of price increase for both stocks followed, which has led to a new Phase 2 (July -October 2024). In line with their 2-year pattern, Apple has been rising since the November U.S. elections, while NVDIA has formed a new Bull Flag. If the price action continues to replicate this model, then we may see a new Phase 3, where Apple starts to correct while NVDIA's Bull Flag leads to a strong rally. So do you think potential Apple capital outflows will turn into inflows for NVDIA? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDA
by TradingShot
6
SPX 2025 Strategic Outlook 7150 points Wave Five Bull Market🔸Time to update the SPX outlook, this is 2D price chart, we are currently entering overpriced zone and limited upside in SPX going forward next few weeks correction / pullback. 🔸SPX price structure since 2023 is defined by a five wave impulse wave 3 completed already and currently we are in wave 4 pullback/correction until 5415 points. expecting wave four pullback to complete in January 2025. 🔸Wave 1 is 3600 to 4625, wave two 4625 to 4125, wave three 4125 to 6100,wave 4 pullback/correction now is 6100 to 5416, final bullish wave five is expected to start from 5415 to 7150 points (30% bull run). Wave 5 expected to start in January 2025 and complete sometime in Q4 2025. A/B/C 40% correction will follow as the market will enter extremely overbought zone. 🔸Recommended strategy position traders: wait for the wave 4 correction to complete at/near 5415 points in January 2025 and then BUY/HOLD into wave 5 final target is 7150 points in Q4 2025. Obviously, this is a longer BUY/HOLD trade setup and patience is required with this trade. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
SP:SPXLong
by ProjectSyndicate
3
AMD Best Level to BUY/HOLD 300% gains SWING TRADE🔸Hello traders, today let's review recent price chart for AMD. Well defined swings in progress, expecting further downside before the tide finally turns for AMD bulls. Currently it's recommended to stay out. 🔸AMD is trailing behind NVDA massively, so eventually AMD will to the mean reversion trade and start to catch up with NVDA, however currently pullback/correction mode in progress. 🔸Well defined swings - 160 to 58 65% correction, then 58 to 210 280% gains, 210 to 75 represents 65% correction, 75 to 290 is a 280% pump. 🔸Recommended strategy bulls: Bulls wait for correction to complete at/near 75 usd in January 2025 and get ready to BUY/HOLD low, this is a swing trade setup, so will take longer to hit target, patience required. final TP is 290 USD, 280% upside off the expected lows. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:AMDLong
by ProjectSyndicate
36
$ NVDA Trade Analysis DarkPoolsThe chart demonstrates the price action of NVIDIA (NVDA) with significant levels, volume spikes, trendlines, dark pool prints, and pivot levels. NVDA has experienced notable price fluctuations, forming a broader pattern of higher highs and higher lows, but it is now testing critical support levels after a pullback. Key Observations Trend Analysis: Primary Trend: The long-term uptrend is intact, with the green ascending trendline providing consistent support. Short-term Trend: The recent candles suggest a pullback within the uptrend, with price action consolidating near the S1 support ($129.07) level. The price remains above the long-term ascending support line, maintaining its overall bullish structure. Dark Pool Prints: Key dark pool levels are marked, showing significant institutional activity: $136.71 (most recent dark pool print): The price recently rejected this level, which could act as near-term resistance. $124.65 and $119.37: These levels represent potential downside support if the price continues to fall. Support and Resistance Zones: Resistance: The price is struggling to reclaim the $136.71 dark pool level, which aligns with the R1 pivot ($140.76). Above this, the next major resistance is R2 ($162.07). Support: Immediate support is at S1 ($129.07). A breakdown here could lead to a retest of the $124.65 dark pool level or the S2 pivot ($119.39). The long-term trendline and S3 pivot ($102.98) are critical for maintaining the bullish bias. Volume Analysis: The chart shows high volume near support levels, indicating significant activity. This suggests either strong buying interest or institutional distribution. Potential Reversal Zone: A clear head-and-shoulders pattern might be forming. If the neckline around $129.07 breaks, it could confirm a bearish reversal, targeting levels near $119.37 or lower. Trade Plan Bullish Scenario: Entry: A confirmed breakout above $136.71 (dark pool level) with increased volume. Targets: First Target (T1): $140.76 (R1 pivot). Second Target (T2): $152.89 (mid-resistance). Final Target (T3): $162.07 (R2 pivot). Stop Loss: Below the ascending trendline and $129.07 (S1 pivot). Bearish Scenario: Entry: A daily close below $129.07 (S1 pivot) with momentum and volume confirmation. Targets: First Target (T1): $124.65 (dark pool level). Second Target (T2): $119.37 (dark pool level). Final Target (T3): $102.98 (S3 pivot and trendline support). Stop Loss: Above $136.71 (dark pool resistance). Additional Considerations Dark Pool Reactions: The $136.71 level will play a crucial role in determining near-term direction. Watch for rejections or sustained price action above this level. Head-and-Shoulders Risk: A break below $129.07 could lead to a measured move lower based on the head-and-shoulders pattern. Market Context: NVDA is heavily influenced by the tech sector (QQQ). Broader market conditions will provide context for whether this pullback is temporary or part of a larger correction.
NASDAQ:NVDALong
by thedarkpooltrader
NVIDIA (NVDA): Post-Earnings Battle Between Bulls and BearsIt is getting harder for $NVDA. Nvidia's earnings appear to have produced a muted market reaction for once. The chip maker's blowout quarterly report was good enough to support the stock but not provide another leg to its stunning rally. By any normal measure Nvidia's third-quarter numbers were stunning, as it nearly doubled its revenue from the prior year. However, its guidance wasn't as strong as some analysts had expected. Which is incredibly if you think that doubling its revenue is not enough for Nvidia to surge higher once more. Attention will now turn to the rollout of Nvidia's Blackwell artificial-intelligence chips Our attention will stay on the chart and we can see this kind of market behaviour in the chart really well. It seems as if bulls and bears are now battling about this earnings report and there are definitely some people trapped with option calls on NVIDIA that they have bought before the earnings. NASDAQ:NVDA has build somewhat of a trend channel and keeps on defending the lower edge of it very well in the past. The question now is if the wave ((iv)) is already finished or not. With the fact that NASDAQ:NVDA is loosing momentum on the RSI but still being able to reclaim the VAL and putting in higher highs we think is is very likely that we are seeing some kind of pullback/blowout of those positions that have been opened and trapped at the all time high now. Still NASDAQ:NVDA is a stock that can put in 10% next week and nobody would be astonished. Therefore we are moving our stop loss from our current open position to 114.50$ and setting alerts for a possible buying opportunity again on $NVDA.
NASDAQ:NVDALong
by freeguy_by_wmc
NVDA AI Revolution: Which Stocks Will Lead the Charge in 2025?AI Revolution: Which Stocks Will Lead the Charge in 2025? "AI isn’t the future; it’s the now, and it's flipping the investment world on its head like a rogue AI flipping through data." Introduction Artificial Intelligence is not just transforming industries; it's becoming the heartbeat of innovation. In 2024, Nvidia and Microsoft stand out, but diving into AI stocks requires a keen eye for both opportunity and jeopardy. Let's dissect their dominion, strategies, and financial health to guide your investment journey. Nvidia: The Engine of AI Nvidia’s GPUs are more than just hardware; they're the fuel driving the AI engine across sectors. Market Dominance: With an expected 64% of the AI server market, Nvidia's GPUs, particularly the H100, are the industry's gold standard for AI training. Financial Highlights: P/E Ratio: At 30.09, Nvidia's stock might be running on hype or genuine growth. Free Cash Flow: A staggering $33.73 billion, giving Nvidia the muscle to innovate relentlessly. Debt-to-Equity Ratio: 17.22, reflecting aggressive growth funding through debt. Future Outlook: The upcoming H200 chip could further cement Nvidia's lead, but at what cost to valuation? 💡 “Nvidia isn't just selling hardware; they're selling the future of AI computation.” Microsoft: AI's Silent Integrator Microsoft isn't just playing the AI game; they're changing the rules, embedding AI where you least expect it. AI Integration: Through Azure and tools like Copilot, Microsoft is making AI as ubiquitous as electricity. Financial Insights: ROIC: An astonishing 130%, showcasing unparalleled capital efficiency. Net Income Margin: 56% - Microsoft turns more than half its revenue into profit, a testament to its operational prowess. Cash Position: With $39 billion in cash, Microsoft is ready for any strategic move or shareholder reward. Strategic Alliances: Leveraging partnerships like OpenAI, Microsoft is pushing AI's boundaries. 💡 “Microsoft isn’t just adopting AI; it's making AI adopt us.” The Broader AI Ecosystem Google ( NASDAQ:GOOG ): Using AI to enhance search and cloud, potentially rivaling Microsoft's Azure. Meta ( NASDAQ:META ): Innovating with generative AI in social platforms and VR. IonQ ( NYSE:IONQ ): Bridging AI with quantum computing for groundbreaking computational power. 💡 “In the AI race, today's leaders could be tomorrow's followers.” Risks in the AI Investment Arena Overvaluation: Nvidia's high P/E might signal a bubble waiting to burst. Regulatory Challenges: As AI grows, so does the regulatory scrutiny, potentially slowing down innovation. Market Saturation: With AI becoming mainstream, distinguishing between real innovators and opportunists becomes crucial. 💡 “Investing in AI is like betting on tech; some will soar, others might crash and burn.” Conclusion Nvidia and Microsoft are pivotal in the AI landscape, but the field is broader and riskier than it seems. Understanding these nuances will be key to navigating 2025’s investment landscape.
NASDAQ:NVDALong
by DCAChampion
Is NVIDIA Ready to Break Out or Break Down?Good morning, trading family! How’s everyone feeling today? Got your coffee? Charts ready? It’s time to dive in and see what the market has in store for us. Here’s the vibe: NVIDIA’s setting up for something big—are we aiming for $142 or sliding to $119? It’s like a game of tug-of-war, and the market’s holding the rope. Quick Tip: Remember, trading is about patience and discipline. If you’re feeling stuck, step away, take a breath, and come back with a clear head. The market’s not going anywhere. If you want a closer look at these setups or other ideas I’m watching, feel free to check out my profile or send me a DM—I’m always happy to share insights or answer questions. Let’s make it a great day! Kris /Mindbloome Exchange Trade What You See
NASDAQ:NVDA
by Mindbloome-Trading
NVDIA: Eyes on the long term picture. $400 by end 2025.NVDIA is bearish on its 1D technical outlook (RSI = 40.887, MACD = -1.990, ADX = 34.084) but still neutral on 1W (RSI = 54.240), which outlines a strong long-term buy opportunity on this temporary medium-term weakness. The current situation is best viewed on the 1W timeframe where NVDIA has been experiencing since the June High a pause to its bullish trend as the price action turned sideways. This is a situation that the stock is familiar with as it has happened on every Cycle in the last 10 years. The two past Cycles you can see on the chart had the same mid-way sideways consolidation, while at the same time the 1W RSI formed a Channel Down. In both cases the 1W MA50 supported, as it has now. With that trendline holding, NVDIA was able to resume the bullish trend to the 3.5 Fibonacci extension from the consolidation Rectangle. That Fib is now at $400 and that is technically this Cycle's target towards the end of 2025. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NVDALong
by InvestingScope
$NVDA LongNVIDIA Corporation (NVDA) shows signs of a potential rebound based on Elliott Wave Theory and key technical indicators. The chart suggests that NVDA has likely completed a corrective Wave 4 and could be entering Wave 5, signaling a continuation of its primary bullish trend. Divergences in the Relative Strength Index (RSI), MACD, and Williams %R indicate that the recent pullback may be temporary. The RSI shows a bullish divergence, with higher lows on the indicator while the price made lower lows, a common precursor to upward momentum. The MACD has turned upward, with a bullish crossover suggesting increasing buying interest. The Williams %R, which measures overbought and oversold conditions, also shows a divergence, indicating the stock may have been oversold and could be ready to reverse. NVIDIA’s strong fundamentals, driven by increasing demand for AI infrastructure and GPUs, support this technical setup. Compared to gold and U.S. Treasury bonds, which have stabilized with minimal growth potential, NVIDIA offers significant upside as the chart signals a potential reversal and renewed bullish momentum.
NASDAQ:NVDALong
by FairValueBuffet
Is the AI Revolution Built on a House of Cards?In the treacherous landscape of technological ambition, Nvidia emerges as a cautionary tale of unchecked corporate hubris and potentially unsustainable growth. What appeared to be an unstoppable technological juggernaut now reveals deep fissures in its seemingly impenetrable facade, with mounting challenges threatening to unravel its carefully constructed narrative of AI dominance. Specific challenges underscore this fragility: comments from Microsoft's Satya Nadella suggest a potential moderation in AI chip demand, while Alphabet's Sundar Pichai has highlighted that "the low-hanging fruit is gone" in AI model development. Beneath the glossy veneer of technological innovation lies a troubling reality of regulatory scrutiny and market volatility. Nvidia faces a perfect storm of challenges: a potential slowdown in AI chip demand, an aggressive antitrust investigation by Chinese regulators, and growing skepticism from industry leaders. The competition is intensifying, with Amazon developing its own Trainium AI chips, and Broadcom positioning itself to capture significant market share with custom AI chip solutions projected to reach $90 billion in the next three years. OpenAI co-founder Ilya Sutskever's stark statement that "we've achieved peak data" further undermines the narrative of unbridled AI growth. The broader implications are profound and deeply concerning. Nvidia's struggles represent a microcosm of the larger technological ecosystem—a world where innovation is increasingly constrained by geopolitical tensions, regulatory challenges, and the harsh economic realities of diminishing returns. Despite massive capital expenditures by tech giants—with Microsoft nearly doubling its spending to $20 billion and Meta increasing expenses by 36%—only 4% of US workers use AI daily. This stark disconnect between investment and actual utility exposes the potential fragility of Nvidia's market position, with analysts suggesting that 2024 may have been the peak in terms of percentage increase for AI-related infrastructure spending.
NASDAQ:NVDAShort
by UDIS_View
NVIDIA's Declined over 10%, Why? When will be the Buy timing? NVIDIA fell nearly 4% today before narrowing the loss to 1.22%. Since hitting a record closing high of $148.88 in early November, the AI chip maker's stock has dropped over 10%. So, what is causing NVIDIA's decline? Firstly, Supply Chain Issues and Challenges NVIDIA faces multiple challenges in its supply chain, a significant factor in its stock decline. First, according to the latest data, the order volume and schedules for the GB200 and GB300 have been adjusted. Particularly, the mass production and shipment of GB series products have been postponed until after the Lunar New Year in February, increasing market uncertainty. Additionally, the small-scale production plans for GB300 face tight deadlines, putting pressure on GB200's mass production. Specific supply chain issues include CoWoS-L packaging technology, heating problems, copper cable connections, and leakage issues. These not only affect product yield rates but also increase system integration time costs. Consequently, NVIDIA has suggested customers purchase the B200 8-card HGX as a transitional solution, and clients like Microsoft are considering switching their orders. These supply chain issues affect NVIDIA's product delivery capabilities and reduce market expectations for its future performance. Secondly, Market Competition and Narrative Changes ASICs are gaining market recognition as a competitive narrative. ASICs are chips designed for specific tasks, akin to custom running shoes for a race. For certain tasks, ASICs outperform NVIDIA's GPUs (widely used for computing tasks) and are potentially cheaper. OpenAI co-founder Ilya and industry leaders like Microsoft's CEO Satya have started discussing the importance of not only training AI models but also ensuring they can quickly and accurately make decisions in real applications. This shift in perspective gives ASICs an advantage in some scenarios, as they are designed for rapid, precise execution of tasks. This raises questions about the cost of NVIDIA's GPUs. While powerful, they are expensive and require significant electricity and cooling. As ASICs perform better at lower costs for some tasks, there's consideration of replacing NVIDIA's GPUs with ASICs. Additionally, changes in scaling law narratives and the strengthening of inference narratives pose threats to NVIDIA. Scaling laws suggest that increasing AI model size (e.g., more neurons or layers) typically improves performance, but these gains are not infinite and require significant computational resources. This means NVIDIA must continually invest resources to improve product performance, potentially increasing costs. Moreover, companies like BTC, Tesla, and Google are investing heavily in their own AI chips or solutions. This intensifies market competition and challenges NVIDIA's leadership. Thirdly, Market Sentiment and Capital Flows Market sentiment and capital flow significantly impact NVIDIA's stock price. As the year ends, retail investors, ETFs, and institutions adjust their portfolios. Fluctuations in tech giants like Microsoft, Apple, and Google affect tech stocks like NVIDIA. Investors are more cautious, favoring stable, promising companies. Given these conditions, NVIDIA faces pressure on its stock price due to supply chain issues and competition. Lowered expectations for NVIDIA's future performance lead to capital outflows and stock price declines. Fourthly, Future Outlook and Catalysts Despite current challenges, NVIDIA has opportunities for a turnaround. First, NVIDIA needs to resolve supply chain issues, improve product yield, and delivery capabilities. Second, strengthening its presence in software and applications is crucial to addressing market competition. Additionally, NVIDIA should explore new computing narratives to expand its computing potential. Fifthly, Technical Analysis and Price Divergence Previously, prices rose continuously, but volume and KDJ began to decline, showing divergence. Without capital support, upward momentum was insufficient, leading to a short-term adjustment and a break below the mid-term trend line, resulting in a mid-term callback. When Might a New Rally Occur? From a technical analysis perspective: After two prior mid-term adjustments, breaking the downward trend line may signal the start of a new rally. Thus, this new rally must first break the resistance line. From a catalyst perspective: While January's CES and the earnings release in late February may not bring major surprises, March's GTC is worth anticipating. NVIDIA needs to showcase new technologies and products at this event to restore market confidence. If NVIDIA can introduce groundbreaking innovations, a stock rebound is possible.
NASDAQ:NVDA
by xugina78
NVIDIA - Arguments For BearsAs in my last post "Arguments For Bulls" I do my Analysis for NVDA with eyes of a Bear. We see the red down sloping Pendulum Swing Pitchfork. Because the A-Point is LOWER than the C Point, it's a Pullback Fork that would give us the potential downfall target at the Center-Line, before the Pendulum of price would swing to the upside again. - the "Trend Barrier Dow" was breached - price reacted to the tick multiple times at the U-MLH (White Rectangle) (Upper-Medianline-Parallel). This is clear resistance. - Price just filled the GAP from 3 Days ago, so it can continue in the opposite direction (down) again. So, that's it. You have 3 ways to play this: Long, Short, Flat. Earnings of such a Market influential underlying is a pure gamble. I grab some Pop-Corn and watch the show and see, which of the cases is wrong and right. §8-) Happy Profits all
NASDAQ:NVDAShort
by Tr8dingN3rd
Nvidia (NVDA) Stock Price Falls to a Two-Month LowNvidia (NVDA) Stock Price Falls to a Two-Month Low While the Nasdaq 100 index (US Tech 100 mini on FXOpen) climbed to an all-time high, Nvidia's (NVDA) stock price dropped below $131 during yesterday's trading session for the first time since mid-October. This bearish behaviour suggests a weakening of Nvidia's leading position. What is the reason? A key driver could be the significant surge in Broadcom Inc. (AVGO) shares, a competitor to Nvidia. Following a roughly 20% price increase for AVGO in one day, another growth day followed, as we anticipated yesterday. As a result, amid Broadcom's strong forecast for 2025, AVGO shares have risen by 54% since early December, and investors may be reallocating their portfolios, selling NVDA and buying AVGO. Technical analysis of Nvidia's (NVDA) stock chart reveals a concerning picture — bears may break the lower boundary of the blue channel, which has acted as support throughout 2024. Importantly, bears managed to push the price downwards both from the $150 level and the $140 level (indicated by arrows). According to the Nasdaq exchange, NVDA's stock price in today's pre-market trading has fallen below $130. If this does not trigger demand for the stock of one of the leading companies in the AI boom, it will be another worrying signal. According to TipRanks, analysts remain optimistic for now: → 37 out of 40 analysts recommend buying NVDA shares. → The average price target for NVDA is $177 within 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NVDA
by FXOpen
1
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades. QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low IWM - Green today but similar to DIA Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move. WATCHLIST: Bullish : NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2 Bearish : NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other" NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left Notable winners from weekly watchlist (posted Sunday 12/15): ETSY, RBLX, RKLB, OXY, WMT
AMEX:SPYShort
by Alanger17
Daily Watchlist (12/17/24) + Market NotesSPY - Failing attempts all over to reclaim highs and lows, so we are making new intraday Broadening Formations. The current one as seen in the chart, is looking to potentially head back through previous range if unable to continue to the upside pivots around 608.40 and 609. Given we have FOMC news Wednesday, I am not expecting too much to happen tomorrow as we are stuck in previous range and keep seeing failed attempts to reclaim pivots. Of course anything can happen, but I will strictly be watching individual names only for trades. QQQ - New ATH again today. Nothing special to note besides the fact that tech is obviously leading things this week DIA - Polar opposite of QQQ. Industrials getting slammed again this week as DIA puts in its 8th consecutive Daily lower low IWM - Green today but similar to DIA Overall market notes: Its clear that the market continues to see cyclical names move higher while more defensive and noncyclical names continue lower. In light of FOMC this week, it doesn't seem like any sectors are making too big of shifts besides financials finally seeing some buying again. Mainly just concerned with what SPY does this Wednesday as it seems like usual we are waiting for the news before making the next significant move. WATCHLIST: Bullish : NASDAQ:PLTR - Potential 3-2U daily with a potential 3-1-2U 4HR to trigger the day. FTFC green, but week is inside with lots of room to go for either side to go 2 Bearish : NYSE:UBER - Potential 2-1-2D Daily. Shooter inside day to put week 2D and confirm Q attempting to go 3 after hitting hammer revstrat upside magnitude earlier this Q NYSE:PFE - Potential 3-2D daily to put week 3-2D. Weekly reversal occurred at Q exhaustion, but failed 2 upside attempts now. "Fail one side, target the other" NYSE:PINS - Potential 3-2D Daily to confirm Weekly 3-2-2D in force with magnitude left Notable winners from weekly watchlist (posted Sunday 12/15): ETSY, RBLX, RKLB, OXY, WMT
AMEX:SPYShort
by Alanger17
$AMD DOUBLE BOTTOM EASY $175 BY NEXT EARNINGA double bottom pattern is a traditional technical analysis chart formation that signifies a significant trend reversal and a shift in momentum from a previous downward movement in market trading. It depicts a security or index experiencing an initial decline, followed by a rebound, then another decline to a level similar to the initial drop, and finally a subsequent rebound that may lead to a new uptrend. - PlayStation 6 Processor Contract : NASDAQ:AMD has secured the contract to supply processors for the upcoming PlayStation 6, surpassing Intel. This agreement ensures the sale of millions of custom chips and generates billions in revenue, solidifying AMD's position in the gaming console market. - Strong Financial Performance: NASDAQ:AMD reported remarkable revenue growth, with a 17.57% increase in the third quarter of 2024. This performance underscores AMD's robust market position and profitability. -AI and Semiconductor Supercycle: The semiconductor industry, including NASDAQ:AMD , is poised to benefit from the rising demand for AI-related products and services. This trend is expected to drive further growth and profitability for AMD. Positive Analyst Ratings: Numerous analysts have given NASDAQ:AMD a "Strong Buy" rating, with price targets ranging from $155 to $250. This optimistic outlook suggests significant potential gains in AMD's stock value. AS OF 12/16/2024 RSI (14) 33.31 52W Low 3.99%
NASDAQ:AMDLong
by sej4974