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Nvda_analysis

Sitting on SupportWhat a beauty we see in $NVDA. The RSI is cooling to the oversold territory and volume is coming back in. It appears we are sitting on support and are ready to make a move back to the upside. Consolidation is being built and it looks like we are ready for the next bullish move. MACD is beginning to show some rotation and we are still well above the 200SMA which indicates NASDAQ:NVDA is still bullish. Short term with the weaker market over all, this and all of the market may pull back but, this one seems to be the strongest of them all. Let's see where it goes and how it holds the test of time.
NASDAQ:NVDALong
by GlennTrading
Nvidia - The tide is (finally) turning!NASDAQ:NVDA is about to create a bearish reversal which will lead to a -60% correction! Charts just don't lie at all - instead fundamentals are always an illusion. Nvidia was retesting a major resistance trendline and is starting a significant bearish reversal. Nothing changed fundamentally but Nvidia is already down -25% over the past couple of days. This is just the beginning of another potential bear market, like we saw it back in 2018 and 2021... Levels to watch: $55 Keep your long term vision, Philip - BasicTrading
NASDAQ:NVDAShort
by basictradingtv
6
NVIDIA - Levels to Watch NVIDIA - NASDAQ:NVDA The chart demonstrates a pattern of rising parallel channels for durations of approx. 142 - 152 weeks followed by 36 - 46 week corrections. We are currently in a defined rising parallel channel and we are at week 92 of that bull trend, with a further 50 weeks probable based on the historic repeating timeframes. This does not guarantee a repeat timeframe of 142 - 152 weeks, but it does make it more probable. ⚠️What to watch out for? ▫️ Price breaching down and out of the short term parallel channel. This would be an initial warning. ▫️ Price falling below the 50 SMA would be a confirmation of a trend shift to bearish (blue line). ▫️ Otherwise, a roughly 142-152 month bull trend out to mid 2025 looks probable for now. Another option to consider is that we trend sideways for 36 - 44 weeks like we did from Jan - Oct 2018. This type of sideways movement could travel along the top of the long term parallel channel (in blue). Lets keep an eye on the short term parallel channel for that initial warning, otherwise happy trading the trend. You can come back here at anytime and press play and you will get the price updated in terms of the levels marked. PUKA
NASDAQ:NVDALong
by PukaCharts
Musk Hails Memphis Supercluster: Nvidia Stock Soars on AITech entrepreneur Elon Musk took to social media platform X to celebrate a significant development in the world of artificial intelligence (AI). In a post, Musk lauded Nvidia for their contribution to the launch of training for xAI's Memphis Supercluster. This massive computing facility, equipped with a staggering 100,000 of Nvidia's H100 GPUs, marks a significant leap forward in AI development. The Power of Memphis: Supercharging AI Training The Memphis Supercluster is no ordinary data center. Custom-designed for the specific demands of AI model training, it boasts a colossal 100,000 H100 Tensor Core GPUs from Nvidia. These cutting-edge processors are specifically architected to handle the immense computational workload required to train complex AI models. The sheer scale of the Memphis Supercluster signifies the immense processing power required to push the boundaries of AI capabilities. Grok Gears Up for a New Era The Memphis Supercluster isn't just a showcase of technological prowess; it has a clear purpose. This powerful facility is dedicated to training the next iteration of xAI's chatbot, Grok. While details about Grok's new capabilities remain undisclosed, the involvement of the Memphis Supercluster suggests a significant upgrade in its functionality. This could pave the way for more advanced natural language processing, improved reasoning abilities, and potentially even greater human-like interaction. Nvidia Stock Rides the AI Wave The news of the Memphis Supercluster's activation coincided with a surge in Nvidia's stock price. This rise can be attributed, at least in part, to the positive sentiment surrounding the project. The successful collaboration between xAI and Nvidia showcases the potential of H100 GPUs in the field of AI. This, in turn, could lead to increased demand for Nvidia's technology from other companies and research institutions working on cutting-edge AI projects. Additionally, the broader market may be recognizing the growing importance of AI and the role Nvidia plays in its development, leading to a general uptick in investor confidence. A Look Ahead: The Future of AI The launch of the Memphis Supercluster is a significant milestone in the ongoing quest for artificial intelligence advancement. The immense processing power it offers opens doors for the development of even more sophisticated AI models. As xAI trains the next version of Grok on this powerful platform, the world awaits with anticipation to see the new heights AI can achieve. This development, along with the positive reception of Nvidia's technology, suggests an exciting future for AI research and its potential applications across various industries.
PYTH:NVDALong
by bryandowningqln
Nvidia - Still waiting for a correction!NASDAQ:NVDA is clearly overextended but still not bearish at all on the smaller timeframes. If you watched my previous analysis on Nvidia, you know that I have been bearish for quite some time and totally wrong so far. But there was never ever any single sign of weakness so I did not take any trade betting on price to go down. Nvidia is still retesting resistance, it is still somewhat overextended and I still do expect a visible rejection away towards the downside. Levels to watch: $140 Keep your long term vision, Philip - BasicTrading
NASDAQ:NVDAShort
by basictradingtv
6
NVDA - UniverseMetta - Analysis#NVDA - UniverseMetta - Analysis After the previous impulse, the price corrected by more than 15%, which may indicate the beginning of continued growth. Compared to the previous correction, the price may still fall by 5 percent from the local minimum. In this case, wait for the ABC structure to form and consider purchases. In this case, you can see the potential formation of a 3-wave structure; when it breaks through, consider the entry. If there is a retest of the border, it will be possible to consider a target up to levels of 177. Target 140 - 177
NASDAQ:NVDALong
by Trade-U-Metta