Nvidia_analysis
NVIDIA UPDATES
Last week NVIDIA made a huge Jump. This stocks made me think of how the US markets are full of bubble gurus. If you like NVIDIA and the wallst you can own it but not at this price. For Monthl
y traders. Gap maybe filled .
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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 $325 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Semiconductors NVIDIA and TSMC Vs BTC Ratio Semiconductors Vs BTC Ratio
- Since Sept 2017 we have been in a range
- The 3 channels are periods Semiconductors(SCRs)
performed better than BTC.
- The red resistance has been a sell indicator for SCRs.
- Exiting the 3 channels also meant sell SCRs.
Within months we are reaching a potential exit point for SCRs with BTC potentially offering better returns once we reach resistance or leave the current channel.
Factoring in yesterdays tweet regarding TSM, the next 3 - 6 months will be pertinent for SCRs and will likely provide a final upward thrust and an exit opportunity. It is possible that we break the resistance on the chart however this has not happened since Sept 2017 and may not happen. If it does we can reenter on a retest of the resistance turned support. I would still sell having enter the resistance.
This chart gives us another metric to watch for the SCR and BTC trade simultaneously. With AI making news lately the AI driven sentiment could offer the final thrust and exit position opportunity we are looking for for NVDA & TSM. Given NVDA has has such an epic move and factoring in that TSM appears to be signaling that its now its turn to rise (yesterdays tweet), my positioning would be into TSM. Furthermore, anyone wanting to diversify an AI holding, may sell NVDA into TSM. We shall see. A fascinating sequence of events that we can observe and trade off over the next 3 - 6 months.
PUKA
NVIDIA ($NVDA): Trend is still bullishFrom a technical point of view, NASDAQ:NVDA 's trend is bullish on daily and intraday charts, and after some correction, NVIDIA Stock should trigger at least the latest rally. That said, if we look at 1H chart, we see a completed wave 3 and a corrective structure in play. The 309/303 support area should limit a potential pullback before a price recovery, , and as shown on chart, the amplitude of wave 5 should be around 7%.
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About INVIDIA
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users. The Tegra Processor segment integrates an entire computer onto a single chip and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The All Other segment refers to the stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, and other non-recurring charges. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.
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 - A big tech leading indicator NVIDIA (NVDA)
- EARNINGS are reported TODAY after market close
- Expected Earnings 0.924 EPS (prior 0.88)
- Expected Revenue $6.532 bln (prior $6.051 bln)
- We are oversold on the weekly but could hit the
Cup & Handle ceiling before turning over.
- P/E ratio up from 57 in Oct 2022 to 175 in
May 2023...
- Price is 182% up from the Sept 2022 lows
- Pre Market is down @ $303 from $306.88
Being the tech sector sentiment leader, If NASDAQ:NVDA earnings are lower than expected today it could catalyze the next swing lower in tech. If positive we could revisit ATH but I would expect a rejection from this level. Based on all of the above a correction in price is the most probable outcome, this could start today or after revisiting $335 briefly.
Potential bullish long term view which includes a sharp rip downward at some stage followed by a repeat Fractal and cup and handle to drive shorts and longs insane, all whilst staying in the long term comfort channel. All of which can happen with todays earning being the cup and handle inflection point (A drive up to $335 and rejection followed by significant decline or we turn over here now).
#3NVD Leveraged 3x Long with Nvidia Corporation StocksAll the World chipmakers are on the rush this night, due to Nvidia ( NASDAQ:NVDA ) Q1'23 Earnings Report.
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It invests directly in the underlying NASDAQ:NVDA stock and uses margin (borrowing) to purchase additional shares of Nvidia.
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Key TA Highlights
• 3NVD trades higher its weekly SMA(52), since middle of the May, 2023
• Technical picture indicates the possibility to further 100 per cent upside price action.
Nvidia Swing ShortThis stock has been doing well recently and has reached significant resistance levels with overbought conditions and bear divs on both RSI and Volume. Along with that its moving up in rising wedge which is bearish structure.
Highlighted the levels for SL and TP (Orange lines) it may not go all the way down because move from bottom to 50% level looks solid and supported by volume acceleration.
We also at the PRZ of a large bat structure, which should start putting downward pressure on the stock's price.
We have notable events coming up (CPI announcement) tomorrow and the day after and if they cause volatility, it's possible to get some good entry into this.
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Nvidia -> Squeezing The BearsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that after Nvidia created and also confirmed the weekly inverted head and shoulders, which we created around the beginning of 2023, we had another rally of about 70% towards the upside.
In my opinion Nvidia is definitely ready for a short term correction, you can also see that we are about to retest previous weekly resistance at the $280 area which is turned resistance again so from there I do expect at least a short term rejection towards the downside.
On the daily timeframe you can see that market structure is still very bullish, there is no sign of a correction yet so I am now just waiting for a break below the previous daily support zone at $265 which is then turned resistance before I then 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:
TARGET reached NVIDIA to $215.54 - and now we just waitCup and Handle formed and broke to the upside.
Since then we have had the price swim nicely to the target at $215.54.
Also, the price has continued up and up which hasn't given us another trade signal.
I guess, we need the price to consolidate and equilibrate before us breakout traders can do anything :)
Nvidia -> Time To Fill The GapHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Nvidia stock just had a massive rally towards the upside, just the past 70 days the market is up about 75%.
You can also see that during this long move towards the upside, we didn't really have any weekly correction towards the downside, so from a weekly perspective I do expect at least a short term correction to retest the next weekly previous resistance area, which is now turned support.
On the daily timeframe you can see that Nvidia stock is starting to create resistance at the current $235 area, so from here it is quite likely that we will see a short term correction towards the downside to retest the next previous daily support zone, which should be turned support once again.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nvidia -> Breakout TimeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Nvidia stock just recently created a very obvious inverted head and shoulders and I uploaded a lot of analysis always pointing towards this bullish pattern which will lead to a longer term bullish move.
The past couple of weeks Nvidia already started this bullish move, we now just broke about a weekly resistance area so I simply do expect the continuation towards the upside from here.
With earnings coming out yesterday, the market today gapped higher 15%, breaking also a daily resistance area so I am now just expecting a retest of the previous resistance, now turned support, and then the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nvidia -> Higher, Higher And HigherHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nvidia is actually quite overextended towards the upside, just the last couple of weeks the market had a pump of about 65% towards the upside.
Considering the fact that from a weekly perspective we are also retesting previous support which is now turned resistance, I do expect a short term rejection towards the downside and then the longer term continuation towards the upside.
On the daily timeframe you can see that we are currently retesting also previous resistance, so I am now just waiting for some bearish rejection which will then lead to a short term weekly 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:
NVDA Become AI Meme StockWe have seen massive drop in NVDA stock last year. However the price has not come down the the normal range yet. NVDA is still traded more than 10x of book value. Look like NVDA recent price jump were due to market excitement on AI company. However from financial perspective NVDA book value and earning has been on the decline. We are using Stock Value Rainbow indicator to evaluate stock valuation based on four financial metrices: book value, earning, dividend and cash flow. The rainbow color depict the multiples values of all these four factors summed up together. The rainbow above the gray lines represent 1x, 2x, 3x, .., 10x of stock value. While rainbow below the gray line represent 0.8x, 0.6x, 0.4x, 0.2x stock value. The higher the value the more expensive the stock, the lower the value the cheaper it is according to these fundamental or financial valuation metrices. Look like NVDA stock still prone to valuation squeeze if the economy is going into recession. So take some precaution if you decided to enter into it.
Nvidia Multi-Timeframe Analysis 29.01Hello Traders,
welcome to this free and educational technical analysis .
Nvidia is looking very bullish on the weekly timeframe, considering that we are creating a massively bullish inverted head and shoulders.
On the daily timeframe I am now just looking for a retest of the neckline of the head and shoulders and some bullish confirmation on the lower timeframes to enter a long
to capitalize on the next massive move towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nvidia Analysis 17.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: