NVDA moving up again after pullback. Nvidia hit a couple of my lower targets and basically formed a nice flag thereafter. Since then we have been looking at a break out. I think we can expect to see higher prices after that last gap fill to the down side. Not financial advice, DYOR. Longby ChartProphet8
NVDA: First week of June Hey everyone, Haven't given an NVDA idea in a bit despite day trading this almost every day so thought before I go away, I will provide my updated thoughts. As I suspected it would, NVDA invalidated the larger term bearish setup on the weekly timeframe to go to 1,000 +. I was expecting resistance at 1,000 but uh.. yeah, no. However, its really not looking good for NVDA at this point. We have another solid bearish setup on the daily timeframe: Putting the target at around 900. With the stock split coming up, this generally is bearish. This isn't NVDA's first split rodeo and the last split it had was indeed bearish. Probability is bearish leading into Monday. I expect NVDA to maybe see a bit of a sell at first and then range. Lots of fearless buyers on NVDA which makes the sells painfully agonizing. Immediate TPs are in the chart with relevant resistance lines. Invalidation of the bearish setup would require NVDA making a new ATH. If it does this next week, then the bearish setup is gone. If it fails to make an ATH then the bearish setup is in full force and effect. It technically printed a confirmation candle of bearish setup today though, so keep that in mind. Won't be able to update as away next week but, at the end of the day, let the price action do the talking and not opinions and biases. Watch the threshold levels and trendlines! Safe trades everyone! by Steversteves4436
NVDA: Is the incredible run coming to an end?NVDA chart is as bullish as it can get. Monthly close is as strong as it can get. There is nothing bearish about this at this moment. And this is where I get my spidey senses tingling. I am looking at a couple little things to be cautious. 1. Price hit the 2.618 fib extn from cycle wave 1 and 2. This is as good place as any to complete primary wave 3. Regardless of what the future holds, this extension is a great resistance. The reaction from this spot has been pretty sharp, but there is no sign of deeper damage yet. 2. RSI negative divergence: On the monthly timeframe the divergence is very clear. On daily timeframe, things are very frothy. There is no indication of a macro turn yet, but this is where things get unpredictable. We need to see where the weekly closes. At this point no bearish setup until we see a weekly close below 900. After stock split things might start to get interesting.by mukit13
May 31: More downside to correct Oct 2023 rallyNASDAQ:NVDA on weekly produced a bearish evening star candle, which coincides with bearish RSI divergence on the weekly and also 5 waves complete from Oct 2023. More downside is expected, as seen in 1 hour chart where the first 3-wave (wxy) drop in the last week of May had RSI divergence which needs to be erased in a double correction. Likely drop to at least retest the major psychological level of 1000.Shortby TraderBwater2
NVDA to 1300 in next breakout. I believe NVDA will be $2,000 in a flash. but that's larger time frame. For now let's focus on seeing it hit $1,300 first. Not financial Advice. But Most people didn't notice my MSTR ideas when I was banging the table. It was $487 and I believed it would hit $800 first. then after i saw the strength to $1,300 and quick support it created above $1,000, I KNEW $2,000 was coming. Same vibes here. NFA - thoughts onlyLongby sully3571
Signs of Exhaustion in NVIDIA Rally, Correction LoomsAfter the spectacular rally of recent weeks, signs of fatigue are emerging in NVIDIA's stock. A correction at this point would be healthy, although it could be severe. If we apply both a volume profile and Fibonacci levels, we find an extraordinarily conspicuous confluence in the range between $950 and $960, just above the open gap from May 22, 2024 (Earnings Day). However, the confluence area does not completely fill the gap, which aligns with the typical market behavior of not fully closing price gaps, but rather reversing shortly before, thereby shaking out greedy bears from their positions.Shortby OchlokratUpdated 2
Time to pay the piper NVDAThe last two mega caps to fall are nvda and aapl, i think nvda has a date with destiny near 1000 for expiration day Friday. Planning to wait for AM pop. If 1109-1121 hold for the first hour, I want to buy 1100p 0dte. Shortby Pogchamp99Updated 2
Head and shoulders forming on NVDAThat's it, We have a classic head and shoulders pattern forming on NVDAShortby xanonymous0utlawx1
Resistance Take Profit"NVDA stock seems to be on an upward trend with clear profit points if analyzed from resistance levels and signals sent from anticipated prices. With both anticipated price levels in mind, what strategies would you suggest?"Longby fame25333
Nvidia Major Top at 1,158.19Nvidia Corporation (NVDA) Elliott wave count from its major bottom made in October 2008 appears complete. On 05/30/24 NVDA high was 1,158.19. Major Fibonacci resistance is at 1,157.70 almost a bullseye hit. Daily MACD – Histogram has flattened out. Stochastic has bearish lines cross. None of the other “Magnificent Seven” stocks confirmed NVDA new high. None of the three main U.S. stock indices made new all-time highs. If NVDA has made a major top it could signal the beginning of a multi-month decline in U.S. stocks. Shortby markrivest7
NVIDIA to 2kNVIDIA following 2017 BTC factal nicely. Blow off top looks halfway through with still around 85% upside. Coincided nicely with a top forming around election time. Strap in and ride this rocket to 2k. Longby rcpberridge88222
$NVDA perfect #Cup&Handle breakout into perfect #bullflagPerfect is RARE. But thats EXACTLY what the technicals are showing on this beast. Flows are Bullish right now, Fed can't surprise (no balls lol) aka is trapped due to politics, AI is a military priority, this is sector leader (as Livermore would advise trade only leaders) , other Co's need too. Almost a perfect monopoly scenario. Also earnings run up has to be expected... Above 1k I've said on previous charts, STONK SPLIT IN PLAY! "1150 by May" that what the wizard say...Longby Prophecies_R_UsUpdated 2216
$NVDA Risk On into Earnings Post Market 5/22/24Seeing lots of double/triple tops on multiple timeframes. Way overbought but that's never an entry thesis. Just love the contrarian risk reward to the downside here with a hard stop at $975. Quick trade one way or the other and my love for NVDA does not constitute a trade per rules. Shortby C0o0kieUpdated 2
NVIDIA: Very Limited Upside Potential - A ScenarioNote: While predicting the future is impossible, the following game plan is based on an analysis of current events, historical patterns, market bubbles, and the growing public fear of artificial intelligence. Please bear in mind that I am an extropist who has been dreaming of the Singularity since I was seven years old, with a keen interest in financial and technological privacy. 1. Current Market Capitalization Unsustainable Levels: As of May 30th, 2024, Nvidia's market capitalization stands at a staggering $2.82 trillion USD. This valuation reflects extremely high growth expectations and significant optimism about Nvidia's future prospects. However, such a lofty valuation may not be sustainable in the face of potential risks and headwinds. Valuation Metrics: Key valuation metrics such as the Price-to-Earnings (P/E) ratio are also at historically high levels, indicating that the stock is priced for perfection. Any deviation from expected growth or profitability could lead to sharp corrections. 2. AI Regulation in 2025 Intensive Regulations: There are growing concerns that the AI industry, which Nvidia heavily relies on for growth, will face stringent regulations by 2025. Governments worldwide are increasingly wary of the ethical implications, data privacy issues, and potential misuse of AI technologies. Impact on Growth: If new regulations impose strict compliance requirements, limit data usage, or introduce hefty fines, Nvidia's AI-driven revenue could be significantly impacted. Compliance costs would rise, innovation might slow down, and the overall profitability could decline, leading to reduced investor confidence and lower stock valuations. 3. Incoming Lawsuits Patent Infringements and IP Disputes: Nvidia is frequently involved in legal battles over intellectual property and patent infringements. As the company expands its technology portfolio, the risk of lawsuits increases, which can lead to costly settlements or prolonged legal battles. Class Action Lawsuits: There is also the potential for class action lawsuits from shareholders if Nvidia fails to meet its lofty expectations or if there are any perceived misrepresentations of its business prospects. Legal troubles can drain resources and divert management attention from growth initiatives, negatively impacting stock performance. 4. Geopolitical Risks: China Invading Taiwan / World War 3 Supply Chain Disruption: Taiwan is a critical hub for semiconductor manufacturing, with companies like TSMC (Taiwan Semiconductor Manufacturing Company) playing a crucial role in Nvidia's supply chain. An invasion by China could disrupt this supply chain, leading to shortages, production delays, and increased costs for Nvidia. Market Sentiment: Geopolitical instability typically spooks investors, leading to market sell-offs. A conflict involving Taiwan would create uncertainty around Nvidia's ability to maintain its production levels and meet market demands. This uncertainty can drive investors to pull out, causing a decline in stock prices. Trade Restrictions: In the event of a conflict, the US and its allies might impose sanctions or trade restrictions on China, further complicating Nvidia's operations and supply chain. These restrictions could limit Nvidia's access to essential materials or technology, affecting its long-term growth prospects. 5. Social Unrest Due to AI Impact Mass Riots Over Job Losses: As AI technology advances, millions of jobs are at risk of being automated. This could lead to significant social unrest as people face unemployment and economic hardship. Mass riots and protests against AI-driven job displacement could create a hostile environment for companies like Nvidia, leading to negative public perception and potential backlash. Intellectual Property Theft Concerns: AI technologies have been criticized for infringing on the intellectual property rights of artists and creators. This could lead to increased legal challenges and a loss of support from the creative community. Public outcry and legal actions from artists claiming that their work is being used without permission could further tarnish Nvidia's reputation and create financial liabilities. In Conclusion: While Nvidia has enjoyed a remarkable rise in its stock price, several factors suggest that its current valuation might be unsustainable. The potential for heavy AI regulations, a surge in lawsuits, geopolitical risks related to China and Taiwan, and social unrest due to AI-driven job losses and intellectual property theft present significant headwinds. Coupled with the current market capitalization at an unprecedented $2.82 trillion USD, these factors collectively argue for a more cautious outlook, suggesting that Nvidia's stock may not have much room to rise further and could even face a significant correction. And as Always: This is NO Financial Advice, Do your own Research. CYANEShortby cy4ne117
Nvidia Corporation is in the Area of Major ResistanceNvidia Corporation (NVDA) on 05/29/24 hit 1,154.92 major Fibonacci resistance is at 1,157.70. Just above that is the long – term rising trendline connecting the Oct 2018 and Nov 2021 peaks. MACD – Histogram and lines are still rising implying higher prices. NVDA could make a major top in one or two trading days. Shortby markrivest10
$NVDA All Systems Go. 1000C Lottos 5/17 JUICE IS WORTH SQUEEZE!1024 Target for Lotto Contracts. 10x 1000C @ $0.60 per Been a Lucky Week. (I don't believe in luck) - Prof GL HF Not Financial Advice ;) Longby Prophecies_R_UsUpdated 4
$NVDA to 1150 by May.. Look back at THEE NVDA call.. #BullflagAfter multiple retests of 61.8 fib, I think JPOW just gave clearance past 1k. I implore you to look at what AVGO did when it broke 1,000 critical level as well as look back at TSLA in 2020 pre/post stonk split. NVDA is now a STONK, and those only go up. AMEX:SPY trend line was regained today, classic shake out before next leg up, thought we'd get a better dip honestly, jobless claims tomorrow probably priced in,,, kind of hard not to long this bull flag setup with the trend on your back, look for cheap 1050c for a couple weeks out is my target. Will post position in AM. Longby Prophecies_R_UsUpdated 151550
NVIDIA STOCK SALE FOR $115!Can you find anyone in the 21st century who hasn't heard of NVIDIA, the leader in high-performance computing solutions for the most complex tasks? The corporation's developments have become widespread in the video game industry, professional visualization, crypto mining, and autonomous vehicles. The latest peak of #NVIDIA shares on the NASDAQ was nearly $1150, and since the beginning of the year, the price has already increased by 130%! But the extravaganza of generosity for investors doesn’t stop there. Recently, the tech giant announced a 10-to-1 stock split, scheduled for June 10. Remember, after the previous stock split on July 20, 2021, #NVIDIA's price rose almost 85% without any pullbacks. And now Wall Street analysts are predicting continued growth, driven by several factors: Strong financial health: In the first quarter of 2024, Nvidia reported a 262% increase in revenue ($26 billion) compared to the same period last year, exceeding analysts' expectations. The announcement also mentioned a 150% increase in dividends, further signaling optimistic growth prospects. Diversification of product lines: The corporation continues to expand its product range, including processors for gaming systems, professional video, and autonomous vehicles. This helps minimize risks and dependence on specific economic sectors, as well as attract new customers. Increasing demand in AI and cloud computing: Nvidia is driven to enhance existing technologies and develop new chip designs, leading to revenue growth and higher stock value. Continuous investment in new developments: The company consistently invests significant funds in researching new technologies, allowing Nvidia to stay ahead of competitors and create products that meet the rapidly changing market demands. After the 10-to-1 stock split, the price will become much more accessible, attracting new private investors and additional investments. Thus, based on the company's strong financial foundation, innovation leadership, and rapid growth in product demand, FreshForex analysts are confident that NVIDIA shares will continue to rise, and the 230% growth in 2023 is far from the limit. Remember, our trading terminal also offers stocks of other major companies – invest in the best with us!by Fresh-Forexcast20041
@nvda = 768 and consolidating before uptrend restarts NVDA , may consolidate and continue sideways before making another breakout to the upside.. by wiseinvertor1288Updated 113
Elon Musk Contributes to NVDA Price Surge to a New RecordElon Musk Contributes to NVDA Price Surge to a New Record Yesterday, on Tuesday, Nvidia's stock price reached a historic high, surpassing the $1,130 mark, increasing by almost 7% relative to Monday's closing price. This happened after a turbulent past week, during which Nvidia published a very strong report that led to an over 8% rise in its stock price in one day. Thus, since the beginning of May, NVDA's price has increased by approximately 34%. The latest surge in bullish sentiment was driven by the news that Elon Musk's company xAI is purchasing Nvidia AI chips for a new powerful supercomputer. Investor’s Business Daily reports that in a presentation for investors, Musk stated that: → xAI will require up to 100,000 specialised semiconductors for training and launching the next version of its AI chatbot, Grok. → The supercomputer will use Nvidia H100 graphics processors. → Musk hopes to bring the supercomputer, which he referred to as a “gigafactory of computation,” online by autumn 2025. Analysing NVDA's stock price last week, we: → Updated the upward channel; → Suggested that on a bullish impulse, NVDA’s price could approach the median line of the upward channel. Technical analysis of the 4-hour NVDA stock chart today shows that: → The price is in the median line zone (which may act as resistance); → RSI is at its highest in a year. Considering these factors, it is reasonable to assume that the market is excessively overbought and vulnerable to a pullback. A 1:10 stock split scheduled for 10 June could play a role. While Nvidia shares will become more accessible to a broader range of investors (a bullish sign), it is possible that the "buy the rumour, sell the news" principle may apply, and after a series of positive events for NVDA stock, its price may correct towards the lower boundary of the 2024 upward channel and possibly test the gap area (shown in purple). Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen. 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.by FXOpen4425
NVDA May 29 Update #NVIDIA #NVDANVDA investors had a fantastic day yesterday, after the Green Gold skyrocketed and hits the 1040. during the night trading sessions the stock touched the 1060, and we are now seeing a major correction at the pre market session. Investors can secure profits by setting a stop limit order at 1113 or 1084 depend on how aggressive you are. Target price before the stock splits was estimated to be around 1200 which is very close ahead, and it can be reached by the end of today or by Friday max. Longby MESHANL2
NVDA $720 after $600 like hot knife in cold butter NVDA is defying gravity and bearish expectations. possibly even $900 after earnings. Shorts are piling in then burn, rinse and repeat. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations Longby ProfitProphet911Updated 333326