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Nvidia

NVIDIA lower channel retesting, possible bull run to 591$Possible NVIDIA bull run after bouncing the lower boundary of the 2020 channel. This channel provided great results this year and I'm betting it will bounce once again. It worked 3 times already, why shouldnt a 4th one? See chart. Final target to be reached before earnings in 20 days. Careful since it may need a clear strong bull market signal to actuall rocket. PT 1 intermediate:550$ PT 2: 570$ PT final: 591$ Stop loss if it breaks the big channel or if market crash hard due to USA elections.
NASDAQ:NVDALong
by Ankel-ssj
AMD whats your next move?😩 Some times we are faced with difficult decisions in the trading/investing space and this comes from the psychology and emotion of the game. 🐻 I pride my self on being pretty emotionless when trading, in fact some times I can be pretty brutal when it comes to day trading shorter time frames. But I dont just trade and there is a big difference between trading and investing. 👨‍💼 I invest into other asset classes as a defensive play or a way to hedge into global markets and this comes from the saying "never put all your eggs into one basket" You see if all you did was trade the one asset and just keep accumulating and accumulating to the point the majority or all of your wealth is in the one asset, if anything where to happen like say...Apple closes the doors one day, the ethereum blockchain gets hacked, or the USD collapses, you will quickly see your hard earn disappear very very quickly. 🐻 So I have learnt over time to play other markets, industries and asset classes as a defensive move to protect my wealth. Precious metals and other commodities, foreign currencies, and even equity markets which can be broken down even more into multiple industries like pharmaceutical, banks, real estate, entertainment and payment systems. 🥰 Over the last 12 months I have been really enjoying the long term growth in the US markets playing on the New York Stock exchange, but today I'm faced with a dilemma .....and I feel like I'm breaking one of my rules. 🤓 A while ago now I jumped into AMD at $33, I'm sure you have all heard of them, they are a huge CPU/GPU manufacturer for computers and graphics cards, something that is mass produced and for ever evolving. Recently there competitor Nvidia came out with there new range of graphics cards and AMD took a small hit while there competitor shot up...How ever. Nvidia's launch was not the best and there has even been some issues with there new cards and bad reviews, and to hit back AMD now releasing details of there new Zen chips which look to blow Intel out of the water yet again. 😤 So we have some pretty bullish fundamentals, but here is the problem I'm faced with. The chart is cooked lol We are well and truly off the long term growth trend, we have had a parabolic run then accumulated with in a tight zone and now seem to be forming a flag pattern on the higher time frames. Technical's are telling me "be happy with your return, drop your bags and wait for another entry back on the long term trend". But I'm a massive AMD fan boy, I run there cpus in all my pc's and laptops, i even use there graphics cards and I feel like the new Zen chips could see some more spikes on the charts in coming months... 👉 This is why its important to separate emotion from the charts, it clouds your judgement, you doubt your self and often end up making poor decisions. The downside seems temporary and I'm confident on a return to the bullish trend which in tern will provide more steady growth long term. A rise from this flag will see us deviate further from the long term growth hinting the chance of a much larger correct to even pit us below the long term growth which can in some cases on a technical stand point indicate a down trend forming... what to do what to do?
NASDAQ:AMDLong
by DeNomics
2
NVidia (In this world, violent men are the easiest to deal with)View On NVidia (10 Sept 2020) NVidia is one of the best performing stock for the past few years. It can produces highly chased after products years after years and it really does reflect well in the share price. Overall it is still in the UPtrend but it can have some pullbacks now and then as well. The good support (or) the good price to get in again will be around $400 (or) $350 region. We are not in the hurry to buy in yet. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
NASDAQ:NVDA
by SonicDeejay