Can $NVIDIA Corp(NVDA)$ hit $1

Can $NVIDIA Corp(NVDA)$ hit $1000? Let's dive into technicals and options markets and see what clues they give us.

Looking at the charts we see a bullish trend with the stock price moving far above the moving averages shows a bullish trend. After price hitting above 950 last friday, Nvidia retreated 5.5% and we've been bouncing below that ever since.

Looking at options market we know that there's massive calls on 950 and 1000 which has caused the retreat last friday as people took profits. There's also support at the 800 and 750 levels as many put options are set at that level providing support.

I'd say its unlikely to break past $1000 within this week as there's not much catalyst this week for Nvidia to break past the $1000 meaningfully. Perhaps next week's GTC would provide some bullish news needed but as of now till friday, we might see profit takers once again if we are to move past 950.

What's your view? Share, like and comment!

Modified in.03-14

GTC Frenzy: When Will Nvidia Break Out?

Jensen Huang, CEO of Nvidia, highlighted the growth of AI and impact on the company. Huang showed off the company's highly anticipated Blackwell to transform generative AI. -------------- Which part do you like most? Any investing opportunities from the keynote speech? Will Nvidia hit $1000 or not after GTC?

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Comments

zion1
03-15
zion1
This is definitely manipulation to tempt small investors and be caught in their way. Let's be rational and look into the fundamentals before jumping in and is suicide. I say it will rise little 860 and fall drastically.

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Let's dive into technicals and options markets and see what clues they give us.\nLooking at the charts we see a bullish trend with the stock price moving far above the moving averages shows a bullish trend. After price hitting above 950 last friday, Nvidia retreated 5.5% and we've been bouncing below that ever since.\nLooking at options market we know that there's massive calls on 950 and 1000 which has caused the retreat last friday as people took profits. There's also support at the 800 and 750 levels as many put options are set at that level providing support.\nI'd say its unlikely to break past $1000 within this week as there's not much catalyst this week for Nvidia to break past the $1000 meaningfully. Perhaps next week's GTC would provide some bullish news needed but as of now till friday, we might see profit takers once again if we are to move past 950. \nWhat's your view? Share, like and comment!\n<img src=\"https://community-static.tradeup.com/news/1f387d112aecb8856fcd56fbd48dee90\" tg-width=\"2400\" tg-height=\"1080\"></body></html>","htmlText":"<html><head></head><body>Can <a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;&nbsp;hit $1000? Let's dive into technicals and options markets and see what clues they give us.\nLooking at the charts we see a bullish trend with the stock price moving far above the moving averages shows a bullish trend. After price hitting above 950 last friday, Nvidia retreated 5.5% and we've been bouncing below that ever since.\nLooking at options market we know that there's massive calls on 950 and 1000 which has caused the retreat last friday as people took profits. There's also support at the 800 and 750 levels as many put options are set at that level providing support.\nI'd say its unlikely to break past $1000 within this week as there's not much catalyst this week for Nvidia to break past the $1000 meaningfully. Perhaps next week's GTC would provide some bullish news needed but as of now till friday, we might see profit takers once again if we are to move past 950. \nWhat's your view? Share, like and comment!\n<img src=\"https://community-static.tradeup.com/news/1f387d112aecb8856fcd56fbd48dee90\" tg-width=\"2400\" tg-height=\"1080\"></body></html>","text":"Can $NVIDIA Corp(NVDA)$ hit $1000? Let's dive into technicals and options markets and see what clues they give us. Looking at the charts we see a bullish trend with the stock price moving far above the moving averages shows a bullish trend. After price hitting above 950 last friday, Nvidia retreated 5.5% and we've been bouncing below that ever since. Looking at options market we know that there's massive calls on 950 and 1000 which has caused the retreat last friday as people took profits. There's also support at the 800 and 750 levels as many put options are set at that level providing support. I'd say its unlikely to break past $1000 within this week as there's not much catalyst this week for Nvidia to break past the $1000 meaningfully. Perhaps next week's GTC would provide some bullish news needed but as of now till friday, we might see profit takers once again if we are to move past 950. What's your view? 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Let's be rational and look into the fundamentals before jumping in and is suicide. I say it will rise little 860 and fall drastically.","text":"This is definitely manipulation to tempt small investors and be caught in their way. Let's be rational and look into the fundamentals before jumping in and is suicide. I say it will rise little 860 and fall drastically.","html":"This is definitely manipulation to tempt small investors and be caught in their way. Let's be rational and look into the fundamentals before jumping in and is suicide. I say it will rise little 860 and fall drastically.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/284231215431688"}