NVIDIA: Bearish: Possible Head and Shoulders: Warning!NVIDIA: Bearish: Possible Head and Shoulders: Warning!
Hello everyone The Wolf of Zurich has detected a possible "head and shoulder" on Nvidia, which would bring the price down to around $42.
I have also drawn a trend line that you absolutely must watch!
The level to watch is around $98-98
Here, watch your Fibonacci levels as well as your exponential mobile means
Have a nice day everyone
Some information to know about Nvidia:
Nvidia, the world leader in graphics chips and AI, is enjoying a flourishing situation despite a recent drop in its stock price.
Here is a summary of its current situation:
-Dominant position in the AI market
Nvidia occupies a quasi-monopolistic position in the field of chips for artificial intelligence. Its GPUs, especially the H100 series, are essential for the development of cutting-edge AI systems and are selling at high prices around the world.
-Stock market performance
Despite a recent 9.53% drop in its share price, Nvidia has posted an impressive 120% increase since the beginning of the year and nearly 400% over 3 years. This one-off drop does not seem to worry analysts, who still see significant growth potential.
-Technological innovations
Nvidia recently presented its new Blackwell GPU architecture, with the B200 and GB200 processors. These chips promise performance multiplied by 5 compared to the previous generation in the field of AI. The company also reassured investors by announcing that it had resolved the production problems initially encountered.
-Future Outlook
With its dominance in AI training chips and its comprehensive software ecosystem, Nvidia appears well positioned for continued growth. The company continues to innovate and strengthen its position in the AI market, which suggests a positive outlook for the future.
Search in ideas for "NVIDIA"
Nvidia at triple support levelNvidia has taken support from
1) 61.8% Fibonacci retracement level from the lows of gap up point of October 25 to high of Nov 22
2) 38.2% Fibonacci retracement level from the 16 Feb 2021 breakout level to the highs of Nov 22.
3) Trend line formed by connecting highs of Feb 16, July 6, and Aug 30
NASDAQ:NVDA
NVIDIA vs Ruseel 2000 - is money moving out of NVIDIA to RUT?Is the entire world is rotating out of NASDAQ:NVDA into Russell 2000 small-cap stocks.
Could it be another Cisco .com bubble comparison. Everyone tries to find AI companies that offer significant returns. In reality most of them provide no value and the infrastructure AI is built on continues to be growing asset (NVIDIA).
Let us look at the charts.
From the charts it is clear that NVIDIA is still in an uptrend, has formed a falling wedge.
We are targeting 135 in the days to come.
The Russel 2000 seems more like a short squeeze and it has got more legs on it.
Whether this is the start of a new bull market, we will only know in the times to come.
As an NVIDIA investor, I choose to hold on till as a time trend doesn't change.
NVIDIA CORPORATION GANN WEEKLY ANALYSIS FOR 22 MAY 2024...Nvidia Corporation has been in the news for the recent past and seen a fantastic run on its price with AI Technology progress.NVIDIA DGX-2™ is the most powerful tool for AI training, using 16 GPUs to deliver 2 petaflops of training performance to data teams. Adding in the extreme IO performance of NVIDIA Mellanox InfiniBand networking, DGX-2 systems quickly scale up to supercomputer-class NVIDIA SuperPODs.
Nvidia Corp completed an important Gann Cycle in Apr 2023. Therafter the price nearly doubled within the time cycle on chart. But the real rise came in at the shortest time cycle within the next major time cycle. It hit he high of 767.66 a double top to earlier high of 974. as per price it had a support at 786 and we got the low of 756.06. We are rising up from that low to current level of 958.19 on last weekly candle attempting to take the highs of 974 and 967. Next critical date is 24 Jun 2024 on it. We need to cross the level of 1048 by then for further growth in it.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
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NVIDIA - Day Trade Prediction February 16th 2024🔴 Resistance - 731 🔴
🚀 Target - 744 - 753 🚀
🟢 Support - 727 🟢
🚀 Target - 714 - 704 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR ASSUMPTION & EMOTIONS HAS NO VALUE IN THE MARKET
Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate knowledge and skills necessary to navigate the complexities of the financial markets successfully. 💪
Please NOTE 👉 Levels shared are for intraday trading only.
🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please consult your financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you make. No Buy Sell Recommended 🚫
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NVIDIA - NVDA Prediction April 23rd 2024🔴 Resistance - 813 🔴
🚀 Target - 823 - 832 🚀
🟢 Support - 808 🟢
🚀 Target - 795 - 786 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR ASSUMPTION & EMOTIONS HAS NO VALUE IN THE MARKET
Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate knowledge and skills necessary to navigate the complexities of the financial markets successfully. 💪
Please NOTE 👉 Levels shared are for Day Trade only.
🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please conduct thorough research, stay informed about market conditions, and consider their risk tolerance and investment goals when making long-term investment decisions.
Consulting with financial advisors and staying updated with the latest economic and market developments is advisable.. We are not responsible for any profit/loss you make. No Buy Sell Recommended 🚫
Request your support and engagement by like, comment & follow to provide encouragement
CHEERS 👍
NVIDIA CORPNEW YORK, Aug 27 (Reuters) - Traders in the U.S. equity options market are expecting Nvidia's (NVDA.O), opens new tab upcoming earnings report to spark a more than $300 billion swing in the shares of the world's most dominant artificial intelligence chipmaker.
Options pricing shows that traders anticipate a move of around 9.8% in the company’s shares on Thursday, a day after it reports earnings, data from analytics firm ORATS showed. That's larger than the expected move ahead of any Nvidia report over the last three years and well above the stock's average post-earnings move of 8.1% over that same period, according to ORATS.
NVDA / NVIDIA CORPORATION | Simple Horizontal Line SetupNASDAQ:NVDA (NVIDIA Corporation)
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.
Entry Price :- 922.21
Entry Trigger Price :- 920.36
CMP
Stop Loss Trigger Price :- 892.78
Stop Loss Price :- 891
RELIANCE STOCKNSE:RELIANCE
NVIDIA inks partnerships with Reliance
buy entry is sustain above 2460 level.
Target is 2500 to 2530 in short term.
and also NSE:RELIANCE "stock is trying to form the triangle pattern."
Entry is one day candle break and sustain above the triangle top level.
Target 1 is 2600 to 2630.
Target 2 is 2700 to 2730.
Target 3 is 2800 to 2860.
stop loss break and close below the bottom of triangle pattern.