NVDA Falling Wedge Pattern Setup: $127 SL - $153 TargetA falling wedge pattern has formed on NVDA's daily chart, with price action contained between two converging downward trendlines. The stock shows a potential bullish reversal setup after reaching recent highs around $145. Volume has been declining during the pattern formation, which is characteristic of a falling wedge. The setup offers a clear risk-reward with stop loss at $127 and target at $153, with entry planned on a break above the upper trendline.
NVDA
Nvidia: Gradual ProgressNvidia’s stock has made slight progress toward fulfilling our primary scenario. We still anticipate -wave sell-offs down to the support level at $90.69, where the blue wave (IV) correction should finally conclude. However, our alternative scenario of an already finished wave alt. (IV) remains in play. In this case, the stock would resume its ascent as part of blue wave alt. (V), pushing well above the resistance at $152.89 to reach new highs and, thus, complete the overarching green wave alt. (probability: 37%).
NVIDIA Update: Big Levels to WatchHere’s the deal with NVDA right now:
1)If it keeps dropping, we’re looking at a move down to $130–$127.
2)But if it can break above $139, we could see it climb to $145 or higher.
It all comes down to whether $139 holds strong or if the price slips lower. Just keep an eye on those levels and let the market do its thing!
Kris/Mindbloome Exchange
Trade What You See
NVDIA Why buying in December is an excellent strategy.NVIDIA corporation (NVDA) has entered the 2nd half of December below its 1D MA50 (blue trend-line). On any other occasion that would've been alarming, for NVDIA however this presents the best long-term buy opportunity in a while.
The reason is simple and has to do with the amazing symmetry that the 2-year Channel Up (which NVDIA has been trading in) displays. Despite breaking below the 1D MA50, the price is still contained within the Channel Up, in fact it is very close to making direct contact with its Higher Lows trend-line. That would be a technical bottom, with the last Support marginally lower on the 1D MA200 (orange trend-line).
On this pattern, we can see that the stock's price action is highly systemic and can be classified into the: a) Accumulation Phase (Rectangle) where the market engages into long-term long positioning again after the Channel Up tops (forms a Higher Highs) and b) the Bull Phase (green Channel Up) where the price enters the aggressive rally of the long-term Channel's Bullish Leg.
As you can see, the previous two Bullish Legs have risen by roughly +257.68%, one from the bottom of the Accumulation Phase (Leg 2) and the other from its December bottom (Leg 1). It is also quite evident on this chart that the month of December plays a critical significance for NDVIA. On December 2022 and December 2023 the true rally sequences of the Bullish Legs started.
As a result, we can expect this sideways, neutral price action that the company has been having lately to bottom by the end of December (2024) and initiate the hyper aggressive part of the new Bullish Leg (green Channel Up). Also, even if it repeats the less aggressive pattern of Leg 2 and rises by +257.68% from the Accumulation Phase's bottom, we can expect to see it rise by as high as $320 by this Summer.
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NVDA Head-N-Sholders PatternNVDA Head-N-Sholders Pattern is observed.
NVDA has completed its head and shoulders pattern and made it low at its supports.
I am not expecting stock like NVDA to drop up to $115, but this is what the chart is saying.
Please share your views in the comments. Please correct me if I am missing something.
NVDA correction to $105-112 range- NVDA has completed it's motive wave 1-5 and currently is under corrective wave ABC.
- Within ABC leg, it's under the leg C where it will eventually find a bottom and then start fresh motive wave 1-5.
- Chart looks interesting and monitor carefully for the entry when it corrects!
Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
Cautious optimism to give way to December decline for NVDA
The sentiment around NVIDIA (NVDA) over the past 72 hours has been mixed but leans slightly positive. Here's what we see:
Analyst Views : Analysts remain bullish, with a strong "buy" consensus and an average price target suggesting a potential 21% upside from current levels. This reflects optimism about NVIDIA’s prospects, particularly with its leadership in AI and data center technology.
Seasonal Trends : Historically, December has been a weaker month for NVIDIA’s stock performance, with shares declining in 60% of Decembers over the past decade. However, this is typically followed by strong recoveries in the new year.
Investor Discussions: Investors 'round the Web are expressing cautious optimism. Some highlight concerns about high valuation and broader market headwinds, while others emphasize NVIDIA's long-term growth drivers like AI and semiconductor demand.
The overall mood suggests near-term caution due to seasonal and valuation factors but confidence in NVIDIA's long-term trajectory.
With all this said, we see cautious optimism leading to a rise to a key resistance level in the 144.00 price range, followed by a decline in December, fueled alongside the SPY's potential crumbling.
NVDA_1D_BuyNVDA Stock Analysis Classical pattern analysis style Mid-term and long-term time frames The main range of the number 140 is that this important number and strong probability will become support and the market will enter the rising wave and move towards the target of 170. The profit percentage is 20%
He wasn't dead, he was just catching his breath.After a monstrous rise, the time came to catch his breath and prepare for a new year of ups and downs, but most importantly, to consolidate at this level.
Before falling, our goal was to reach $169. Based on the current formations, everything seems to indicate that the trend continues. We must observe how an expanding wedge concludes at $155, followed by other patterns at $161, and finally, a very old one at $169 USD.
Don't forget that NVDA is partnering with GOOGL on a groundbreaking quantum chip, a revolutionary development that is set to transform computation over the next decade.
NVIDIA (NVDA) Daily AnalysisNVIDIA (NVDA) Daily Analysis
On the daily time frame, NVIDIA has already broken out of a triangle pattern and is now forming a potential head and shoulders pattern. Here’s the breakdown of the current structure:
Gray support zone: A critical level to monitor. If this level breaks, the next significant support is the purple support zone, which also aligns with the Point of Control (POC) at this level.
If the price retraces to the purple support zone, it could present a potential entry opportunity with proper confirmation.
Based on the projection from the triangle breakout, the green zone remains a key target for later upward momentum.
This is a free idea I’m sharing with the community. If you find value in my analysis, your likes, shares, and follows would be greatly appreciated. I take the time to share my insights, and your support motivates me to keep doing so. 🙏
Thank you!
ADVANCED MICRO DEVICES $AMD | CHIP STOCKS FALL DOWN Dec11'24ADVANCED MICRO DEVICES NASDAQ:AMD | CHIP STOCKS FALL Dec11'24
NASDAQ:AMD BUY/LONG ZONE (GREEN): $141.50 - $166.50
NASDAQ:AMD DO NOT TRADE/DNT ZONE (WHITE): $134.50 - $141.50
NASDAQ:AMD SELL/SHORT ZONE (RED): $110.00 - $134.50
NASDAQ:AMD Trends:
NASDAQ:AMD Weekly Trend: Bearish
NASDAQ:AMD Daily Trend: Bearish
NASDAQ:AMD 4H Trend: Bearish
NASDAQ:AMD 1H Trend: Bearish
NASDAQ:AMD Oct29 earnings release started bearish trend. Bears should start targeting the previous quarter's lows. Price is currently breaking my indicator's range to the downside, and all display indicators are pointing to a bearish trend for $amd. Recently, bearish momentum breaks down from the DNT range this week.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, advancedmicrodevices, amd, NASDAQ:AMD , chipstocks, microchips, microchipdevices, google, googledrive, googlechip, googlesupercomputer, smci, supermicro, nvda, nvidia, nasdaq, ndq, qqq, techstocks,
NVDA to $170K EOYWith the Magic Linear Regression Channel by @mwrightinc, we built a channel on the daily chart that shows that NVDA looks like it may be beginning a bounce from the channel baseline. Using the Multi-VWAP indicator by @mwrightinc, we can also see that today, NVDA reclaimed the 5 Day anchored volume weighted average price (AVWAP). We can also see that after we lose the bearish data from 5 days ago that we will have a rising 5-Day AVWAP, which, according to Brian Shannon of AlphaTrends, is a MUST before entering into any long positions. NVDA also reclaimed the 50 Day AVWAP. Another very bullish sign.
With a second Magic Linear Regression Channel, or by just drawing a trendline from the pivot high close from June 18th, 2023, we can see that $135.58 was broken as support, but yesterday's large bottom wick and today's continued upward momentum suggest that the level may be reclaimed in the very near future.
I see two potential scenarios playing out. A bullish one, where NVDA not only reclaims the 135.58 support, but heads back up to the top of the 1 1/2 year-old channel that has been respected at multiple levels. And, a bearish one, where NVDA continues to fall that is indicated by its recent break of a neckline from a double-top.
I believe the bullish scenario is more likely, because NVDA has already had a big move down from its earnings, and it actually beat estimates all around. NVDA is a beast, and I'm guessing that it has the potential to reach $170 by the end of the year, if the bullish scenario plays out.
NVIDIA’s Next Move: Are We Headed to $160 or Dropping to $118?Good morning, trading family.
NVIDIA just hit a big level, and now we’re seeing it pull back. Here’s what I’m watching:
1️⃣ First stop looks like $134.75.
2️⃣ From there, it could go one of two ways:
We get a bounce, and NVIDIA pushes back up to the $160s.
Or, it keeps sliding to $128-$130.
If those levels don’t hold, we could see it drop even further to $118.
This is one of those times where it’s all about watching the levels and letting the chart tell us the next move. Trade what you see.
What do you think—are we bouncing or dropping lower? Let me know your take below, and hit like and follow if this breakdown helps.
Kris/ Mindbloome Exchange
Nvidia (NVDA) Stock Drops Amid Investigation in ChinaNvidia (NVDA) Stock Drops Amid Investigation in China
On 21 November, our analysis of Nvidia (NVDA) stock price revealed:
→ The continuation of a long-term upward channel (illustrated in blue).
→ The significance of resistance at the psychological level of $150.
Since then, NVDA’s stock price has failed to surpass the highlighted resistance level, despite stock indices reaching record highs, indicating Nvidia's relative underperformance compared to the broader market. It seems the AI-driven rally may be losing steam.
Investor concerns were heightened yesterday by news that China has launched an antitrust investigation into Nvidia, suspecting the company of violating the country’s competition laws. In response, Nvidia stated that it complies with its obligations wherever it operates and is ready to cooperate with regulators.
Following this announcement, NVDA’s stock price experienced a modest decline, further reinforcing a bearish outlook.
Technical analysis of Nvidia (NVDA) stock chart indicates that if the price fluctuations since September are viewed as forming a channel with curved lines (drawn in black), it becomes evident (as marked by an arrow) that the lower line has shifted its role from support to resistance — a bearish signal.
In this context, the situation appears balanced, with buyers and sellers consolidating NVDA's price within a range of $132 to $150. The eventual breakout from this range could result in a significant swing—but in which direction?
According to TipRanks, analysts remain optimistic:
→ 37 out of 40 analysts recommend buying NVDA stock.
→ The average 12-month price target for NVDA is $176.
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.
Don't Miss the Second Wave of AI Opportunities!Are you still regretting missing out on NVIDIA's 10x growth? This time, you may not need to worry. The second wave of AI is forming, and this time, the opportunities are not limited to hardware, but are fully penetrating enterprise-level applications. For investors, this is an unparalleled new window of opportunity.
A Look into the Future: The Development Patterns of AI
Reviewing history, from the power revolution a century ago to the internet revolution in the 1990s, we see similar development patterns. Each revolutionary technology wave will go through three key stages. Let's take the internet revolution as an example:
Infrastructure Construction Stage
In the late 1980s and early 1990s, the internet was just emerging, and its applications were still very limited. The companies that benefited most were those in the foundation layer, such as Cisco and Intel.
The first stage of AI development was similar, with chip giants like NVIDIA driving the construction of AI infrastructure.
2. B2B Application Rise Stage
In the mid-1990s, the internet gradually entered the enterprise-level application field, with CRM and supply chain management software emerging, improving corporate production efficiency.
AI is currently entering this stage, with companies optimizing operational processes using AI technology to achieve cost reduction and efficiency improvement.
3. C2C Consumer-Level Application Popularization Stage
In the late 1990s, various C2C killer applications began to emerge, such as Amazon, PayPal, and Yahoo!, which became familiar companies.
Now that the first wave has stabilized, the question is: when will the second wave arrive in B2B applications?
Many ordinary people have a feeling that AI applications are limited to chatbots like ChatGPT, and that true killer applications have not yet arrived or will take a long time to develop.
As a result, some people believe that AI investment is still too early, and that what's being blown up now is just a bubble.
Indeed, we can see that C2C applications are still in development and will take a long time to mature. However, in B2B applications, AI has already been widely deployed and has shown significant effects in certain specific fields. It's just that ordinary people haven't yet felt it.
As investors, we must be more sensitive than ordinary people because corporate changes will be critical to the second wave of AI.
The Second Wave of AI: The Golden Era of Enterprise-Level Applications
The following graph is a summary of the top-ranked industries in which AI-driven companies are most likely to benefit.
As for software companies like ETFIGV, we can see from their financial reports that AI is driving significant improvements in corporate operating efficiency.
The following graphs show the gross margin and EBITDA margin of three typical software companies: Shopify, Salesforce, and ServiceNow.
Explaination:
Gross margin reflects the main product profit of software companies, while EBITDA margin reflects the company's operating profit after deducting depreciation and interest.
In other words, it represents a company's ability to generate profits from limited resources.
We can see that these three companies have seen significant improvements in their EBITDA margins over the past two quarters while maintaining stable gross margins.
Data does not lie; this may indicate that AI is already seeing effects in enterprise-level applications.
• Shopify: By optimizing internal processes using AI, it maintained stable gross margins while improving EBITDA margins and directly driving stock price growth by 30% after reporting earnings.
• Salesforce: It launched its "INS Instant" AI tool to automate 370,000 tasks, saving 50,000 hours of labor time and significantly improving employee efficiency.
• ServiceNow: Its AI accelerated data extraction speed by 53%, work flow efficiency by 27 times, and RPO growth by 26%, providing more powerful workflow optimization services for enterprises.
These data clearly show that AI is not just a buzzword but brings actual efficiency and profitability improvements to enterprises.
Snowflake: A Breakthrough in Enterprise Data Analysis
Snowflake's case is more representative. This data analysis platform focuses on providing intelligent operational support to enterprises using AI technology.
This quarter's RPO increased from $52 billion to $57 billion, reflecting enterprise trust in its AI capabilities. CEO's "All-in-AI" strategy not only drives data mining efficiency but also drove its stock price up by 30% after reporting earnings.
Insurance Industry Digital Transformation: AIFU and BGM's Strategic Cooperation
The insurance industry is an important target area for AI transformation due to its information-intensive nature. It is at the forefront of digital transformation, especially with AI technology driving it forward.
AIFU's smart future has already achieved insurance industry transformation through its core product "Duxiao" platform.
"Duxiao" is an AI-driven insurance platform developed jointly by AIFU and Baidu. By combining big data and AI technology, it can provide personalized insurance solutions for customers.
The platform analyzes customer health insurance needs, education planning, and wealth management needs in depth and generates highly customized insurance configuration plans. This has significantly improved agent productivity and accuracy while reducing operating costs.
As of December 2023, AIFU's revenue reached $31.98 billion, with a year-on-year growth rate of 14.98%. Net profit was $2.89 billion with a year-on-year growth rate of 237.25%.
AIFU's PE ratio (TTM) is only 3.5 times. In comparison to industry giants such as Prudential (PUK) and AXA (AXAHY), which have PE ratios above 12 times or even higher than AIFU.
AIFU's strategic acquisition of two subsidiaries by BGM on Friday includes core technology assets such as "Duxiao" platform. BGM is a global pharmaceutical and chemical company that has actively promoted its AI strategy in recent years.
By integrating AI with data analysis, BGM is reshaping its business model towards a more intelligent future.
How to Seize Opportunities in the Second Wave of AI?
What kind of companies will ultimately succeed? I can share with you my thoughts on what kind of companies need to possess these characteristics:
Strong Competitive Moat: Companies that can continuously strengthen their competitive barriers through AI.
Data Monopoly Advantage: Companies that build models using high-quality private data rather than public data.
Flexible Business Model: SaaS platforms with pay-as-you-go pricing models have more scalability and profitability potential.
Strong Execution Ability: Agile and decisive management teams that can quickly deploy technology.
Conclusion:
The future belongs to those who dare to layout!
An Update For MY Followers Hey Everyone
Wanted to quickly update everyone as I have been MIA the last two weeks working on a really cool project to create even more value for everyone. I will be back in action tomorrow, so if you have any assets you want me to analyze let me know and I will do that for you. Secondly if you are wanting to increase your wellness and your trading send me a DM.
Hope everyone has a awesome day and I will see you tomorrow
Kris / Mindbloome Exchange
Trade What You See