Nvda is forming the W pattern and 4H chart is reversing. Yesterday ended the TD sequential 9 downward spiral. Nasdaq ended the TD sequential 9 downward spiral on Monday. CPI is cleared and only left fomc to look forward to which FED is 99.9% going to announce cut rates. All signs leading to September bear is coming to an end? its already 11 September and I think so. NVDA buy before it reaches 115 and hold until December
Just ended a grueling week in the US stock market. Let's drive right into analysis of NVDA Top down approach is my style to dissect the market: fundementals -> technical This month is plagued with issues summarized below: That Bearish engulfing candle on 26/8 (refer to weekly chart of NVDA) High vix Seasonality of September Profit takings institutions pulling out for now Major indexes pulling back moving on to correction territory Election uncertainty Witching hrs on 20 September 2024 less jobless data Price action volume does not support the rise past 2 days Friday selloffs Fomc declare rate cut that day will be sell the news event Let's start with the macro fundemental analysis: The vix is in the high zone now, meaning the sentiment is on the f
First of all to understand my analysis, read up on Tom Demark's sequential 9. Applying Tom Demark's sequential 9, yesterday is the 7th day straight of gains for NVDA since the correction ended. sequential 9 states that after number 9, there will be a decline, (although this time might be different because we are heading into The earnings. In trading nothing is 100%. We can only predict high chance of something happening and come up with plan A-Z in case this or that happens If you want a reference, refer to NVDA daily chart Go back to 3 November 2023 that period leading up to earnings. Might give you a glimpse of what might happen next. Though in trading the past does not guarantee the future, it gives you an idea of what to anticipate. For short term traders you might want to take partia
Pltr is going to report earnings on Friday posted market. Currently it is shifting away from over reliance on government contracts to commercial sector IT is just starting this transition so don't miss out on this transition period. It is showing some results in the transitioning to commercial side with 70% growth in the private sector , reported last quarter This quarter, the company continues to seek out more partnerships in the private sector such as Oracle. surely there will be more in the future ABs Pltr is the king in this respective territory the promising inclusion into S&P500 will propel this stock.
Due to the fomc stocks are generally having retracements. I will recommend 1 and only 1 must buy stock sure go up after fomc is done this week: Nvidia Ok most stocks will go up actually but this stock is the safest bet of all I have been monitoring Nvidia for 2 months every day and have traded it for some time. It has ticked all my checkboxes which are: 1) strength of stock (very strong) 2) market bullish sentiment 3) new ai chip ready to ship 4) fomc won't be raising rates despite's the inflation data and there's very high chance they will cut rates in June which means Nvidia will be more expensive than current price 5) positive news no negative news 6) recently even when the cpi data was bad and market overreacted, it fluctuates between 880-900 now it
$Nvidia Corporation this stock will rise after fomc is over i have monitored and traded in and out of this stock daily for 2 months Reasons: Market sentiment is bullish, especially in a president election year (based on history) Many a times whole market closed red but this stock stays green all positive news and 0 negative news unlike smci and others New product launch VCP spotted on Daily and this is the only one with VCP on my watch list the strength of this stock is tremendous alot of ppl buying the dip many ppl fomo, dip rebound very fast, dip gets buyed up very fast intraday All stars aligned For me It is a buy for Nvidia never too late to get in
AMD is hardly the better deal at current price 118. Only will consider AMD if it drops to 94 one week ago. Currently overinflated by the institutions and hedge funds. Be careful