NVIDIA NVIDIA has tapped the target we setup few weeks ago, now we are waiting for the pullback.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
Nividiacorp
NVDA - Bearish IdeaA Three downward move situation with the last dip being the largest pushing price down to a lower trend line in red (dotted line)
Bars pattern tool in red shows my thoughts of the bearish movement
I think price will continue down below the green line that has previously been seen as support
Daily chart
NIVIDIA 4 HR: Correcting back to 130.70 or We Pushing Higher UP Morning Traders
Quick update here, currently if we make a break above the 132.70 range the 137.30 is our goal and target however their are a couple hurdles along the way.
We can possibly still correct down to the 130.70 level
I go over the market from 4 hour to 30 minute giving you some levels to look for in today's trading day
Happy Trading
MB Trader
NIVIDIA BULLISH 137 Here IS WHY ? MUST WATCH Morning Traders
I throw the whole kitchen sink at this market from forks to fibs to projections and what we have is the following. We are either breaking up to the 137 range then we will see a nice deep 8-12 dollar retracement. Or we go to 137 and consolidate a touch then keep pushing up to th3 150's. Or we break 131.80 in our correction and then looking at levels of 130.64 as a point of entry for our long position up.
Enjoy the video : like, comment, boost if you found this video helpful or give me your thoughts on where you see the market going
MB trader
Happy Trading
NVIDIA"S Four-Hour Target 137's Good morning traders
The market planned out into what our thesis originally was from ages ago ie we are hitting 137 range -138 max then seeing a correction of some sort or we blow through this level up and keep going to 150's
In this video I am most certainly long and feel lets look for a correction at the 137's between 8-12 dollars.
If this doesn't happen dont fret then we will be reanalyzing the market to 150's and possibly beyond....
Thanks for watching, if you like the video, hate it or have another thesis share away in the comments section below
Happy trading and lets keep riding those waves
MB Trader
Nvidia Stock Analysis: Demand for AI Chips Fuel Bullish MomentumNvidia’s meteoric rise in 2024 has been nothing short of remarkable, fueled by the surging demand for its AI chips. Nvidia CEO Jensen Huang described this demand as "insane" during an interview with CNBC, sparking even more excitement around the chipmaker’s stock. As of Thursday's premarket trading, Nvidia shares are up 1.91%, and all eyes are on the company’s continued growth potential.
Insane Demand and Strategic Partnerships
Nvidia (NASDAQ: NASDAQ:NVDA ) has emerged as a global leader in AI infrastructure, with its next-generation Blackwell AI chips driving much of the growth. Huang's comments highlight the unprecedented demand for these AI chips as companies across various industries race to build out their AI capabilities. Nvidia’s strategic partnership with IT consulting firm Accenture is another critical factor driving growth. The collaboration aims to help businesses implement AI-powered solutions using Nvidia’s cutting-edge technology, further extending Nvidia’s reach into the enterprise AI market.
This partnership underscores Nvidia’s ability to build an ecosystem of AI-driven businesses, drawing comparisons to tech giants like Microsoft and Oracle. By expanding its AI infrastructure, Nvidia is ensuring its long-term dominance in the AI space, and investors are responding in kind. Nvidia’s stock has surged 140% year-to-date, far outpacing expectations.
Strong Financial Performance
Nvidia’s financials remain impressive. The company has consistently outperformed Wall Street’s projections, driving a rally in its stock price and contributing significantly to the broader market rally in the S&P 500. The expanded partnership with Accenture further solidifies Nvidia’s position as a dominant force in the AI landscape. Additionally, demand for AI chips from companies and governments alike continues to rise, making Nvidia the go-to choice for building AI infrastructure.
Nvidia’s massive year-to-date gains have been driven by demand across various sectors for AI solutions, cementing its place at the center of the AI revolution. This success is only expected to continue as Nvidia rolls out more advanced chips and expands its partnerships.
Technical Outlook
From a technical perspective, Nvidia’s stock is showing signs of even further upside potential. After peaking in June, NASDAQ:NVDA has been consolidating within a symmetrical triangle pattern—a classic chart formation that suggests a period of consolidation followed by a significant move in the direction of the prevailing trend.
This pattern is a bullish signal, especially given Nvidia’s already strong uptrend in 2024. If Nvidia’s stock breaks above the triangle's resistance level, the technicals point to further upside. Key price targets to watch are $128 and $139
### **Support Levels: Key Breakdown Area to Watch**
Despite Nvidia’s strong bullish momentum, it’s important to consider potential downside risks, particularly in light of the stock’s history of price fluctuations. The key support levels to watch are $110 and $97, which aligns with a trendline linking the March peaks and the 200-day moving average. This area could provide a safety net if Nvidia (NASDAQ: NASDAQ:NVDA ) faces short-term selling pressure.
Conclusion
Nvidia paints a compelling picture for long-term investors. The ongoing surge in demand for AI chips, coupled with Nvidia’s strategic expansion into enterprise AI through partnerships like the one with Accenture, sets the stage for continued success.
With Nvidia’s stock forming a bullish symmetrical triangle pattern and key price targets pointing to significant upside, now may be the time for investors to ride the wave of this AI-powered growth story. However, investors should also be mindful of potential support areas in the event of short-term volatility. All in all, Nvidia (NASDAQ: NASDAQ:NVDA ) is primed for continued dominance in the AI chip market, and the stock's technicals suggest there's more room to run.
NVIDIA's Four-Hour Dip: A Macro Correction or Bigger Shift UPGood afternoon or evening, traders!
What a rollercoaster of a day! The market followed our expectations—correcting, then taking a dive. But wow, did anyone expect that explosive breakout at 9:30 am? That’s the thrill of the open!
In this video, I'm staying neutral, but here’s what we need to watch: a breakout above 119-120 opens the door to 140 and beyond—a very real possibility. On the flip side, a dip below current levels could see us exploring the 90 range. Something to keep in mind!
Thanks for watching, and apologies if I sound a bit tired—it’s been an intense day.
Happy trading, and let’s keep riding those waves!
MB Trader
NVDA MICRO ANALYSIS TO LOOK FOR ON WHERE WE ARE GOING Good evening traders,
It's super late here; however, I wanted to inform you of some levels with this video to give you the information needed to make a better trade.
Based on what I see, we can do the following:
-Correct up to the middle pitchfork area and head back down.
-Correct up to the 50%, 61.8%, or 78.2% fib line and back down.
-Break all those levels up and keep going to 145.
Let me know what you think of the video: questions, comments, what you liked, didn't like—let me know in the comments below.
Happy hunting,
MB Trader
NVDA 4 hour : How High Are We Going????Good morning Traders
Today's quick video I look at the four hour approach on the different things this market can do:
1) We go the top then retrace down
2) We break the Top and then retrace then back up to 122 range
3) We hold on the top and then we make a tight triangle holding this market in then we see a break up or down
Enjoy the video
Any comments or questions let me know
Happy Hunting
MB Trader
NVDA: Weekly to 4 hour: How low are we going: Correction ? Good morning Traders
Hope everyone had a great weekend of trading:
I created a video to give you a gauge on where NVDA is going. We have an correction but is it true correction is the question.
Let me know what you think of the video, comments are always welcome.
Happy hunting
MB Trader
Nvidia's Meteoric Rise: A Rally Cools Amid Market TurbulenceIn a stunning reversal, Nvidia Corp.,( NASDAQ:NVDA ) the behemoth in the semiconductor industry, witnessed its most significant one-day drop in nine months, sending shockwaves through the market and prompting questions about the sustainability of its blistering rally.
Traders scrambled to lock in profits following an astonishing surge that saw Nvidia's ( NASDAQ:NVDA ) stock skyrocket by over 19% in just six consecutive trading days. The chipmaker's shares tumbled by 5.6% on Friday, marking the largest single-day decline since May 31. The magnitude of the drop was staggering, erasing approximately $130 billion in market value—a feat rarely witnessed in the annals of US stock market history.
Nvidia's ( NASDAQ:NVDA ) meteoric ascent this year has been nothing short of breathtaking, fueled by buoyant optimism surrounding the relentless demand for its chips, particularly in the realm of artificial intelligence computing. Despite the setback on Friday, the stock has still managed to post staggering gains, boasting an impressive surge of over 70% since the beginning of 2024. With a market capitalization hovering around $2.2 trillion, Nvidia ( NASDAQ:NVDA ) stands tall as the third-largest company in the S&P 500, trailing only behind tech titans Microsoft Corp. and Apple Inc.
However, signs of overheating were evident earlier in the session as Nvidia's ( NASDAQ:NVDA ) shares surged by as much as 5.1%, pushing key momentum indicators to dizzying heights. The relative-strength index soared above 85, reaching levels not seen since November 2021, signaling that the stock was ripe for a correction. The rapid ascent had triggered warnings of potential market turbulence, underscoring the need for caution amidst euphoric sentiment.
The pullback in Nvidia's ( NASDAQ:NVDA stock price serves as a sobering reminder of the inherent volatility in the markets, punctuating a period of exuberance with a dose of reality. While the long-term growth prospects for Nvidia ( NASDAQ:NVDA ) remain robust, investors are urged to tread carefully amidst heightened uncertainty and evolving market dynamics.
As Nvidia ( NASDAQ:NVDA ) navigates through choppy waters, the focus shifts to the company's ability to sustain its growth trajectory and weather the storm of market fluctuations. With innovation at its core and a track record of resilience, Nvidia is poised to emerge stronger from the current setback, reaffirming its status as a stalwart in the ever-evolving landscape of technology and finance.
