#NVIDIA $NVDA The new leader!
Nvidia is the world's number one after passing MSFT.
-Valuation soars to $3.34 trillion.
Nvidia completed a 10-for-1 stock split on June 7. The chipmaker last month posted yet another blockbuster quarter, noting a 262% increase in revenue and a 462% increase in profits year-over-year.
I'm not going to write to much here. The market sentiment is clearly bullish and here are my projections for NVDA.
The chart should speak for itself. Targets zone is shown on the chart.
Short term, expect price to consolidate withing the red projection marker based on divergences and anomalies in the relative strength index followed by a continuation of the upwards trend (green projection marker).
Targets: (-128),146,160,200
|----Range-----|
(alfa)
I will take a bullish longer term stand on
NVDA from where we currently sit. Short term, expect a pullback/consolidation at the current level before a possible continuation.
(Can add more intraday targets if requested).
-Valuation soars to $3.34 trillion.
Nvidia completed a 10-for-1 stock split on June 7. The chipmaker last month posted yet another blockbuster quarter, noting a 262% increase in revenue and a 462% increase in profits year-over-year.
I'm not going to write to much here. The market sentiment is clearly bullish and here are my projections for NVDA.
The chart should speak for itself. Targets zone is shown on the chart.
Short term, expect price to consolidate withing the red projection marker based on divergences and anomalies in the relative strength index followed by a continuation of the upwards trend (green projection marker).
Targets: (-128),146,160,200
|----Range-----|
(alfa)
I will take a bullish longer term stand on
NVDA from where we currently sit. Short term, expect a pullback/consolidation at the current level before a possible continuation. (Can add more intraday targets if requested).
Nota
S&P 500 futures rise as Wall Street looks for Nvidia to keep leading market.Trade ativo
NVDA in the pipe 5by5 :
Nota
Two key aspects in Nvidia's upcoming earnings report Wednesday, August 28: the evolution of demand and the release of its new product, Blackwell.
Added some more targets. Were closing in on our target zone. While the "quarter itself" could be bumpy for Nvidia, I still keeping a bullish sentiment on the stock long-term
P= High+Low+Close
-----------------------
3
R1=(P×2)−Low
R2=P+(High−Low)
S1=(P×2)−High
S2=P−(High−Low)
(keep in mind, 6 of 7 Magnificent Seven stocks that have reported so far, been down on average 4% the day after earnings).
Trade ativo
NVDA is moving and slowly closing in on the target zone. Waiting for the volume to pick up but its still on track fellow traders.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.