Eyeing Nvidia: A Potential Entry at $400 Amid Market Turbulence

$NVIDIA Corp(NVDA)$ In the ever-evolving world of stock trading, timing can be everything. As I prepare for my trading endeavors on September 19, 2023, one company has captured my attention: Nvidia. In this article, I’ll delve into the rationale behind my potential entry into Nvidia stock and why $400 seems like an attractive entry point.

1. The Recent Weakness

Nvidia, a stalwart in the tech industry, has experienced a period of relative weakness in the stock market over the past few weeks. This decline has brought its share price close to the $400 mark, a level that hasn’t been seen for some time.

2. A Strong Fundamental Foundation

What keeps me enthusiastic about Nvidia is its robust fundamentals. The company boasts a strong balance sheet and a growth trajectory that positions it for double-digit revenue expansion. As the tech sector continues to drive innovation and growth, Nvidia is poised to capitalize on these trends.

3. The Strategy: Entry Near $400

As a trader, I’m constantly on the lookout for optimal entry points. Nvidia’s recent price trajectory suggests that the $400 range could present such an opportunity. This level represents a potential pivot point, where the stock may find support and rebound.

4. The Market’s Vulnerability

One of the key factors driving my strategy is my belief in the market’s current vulnerability. The specter of the Federal Reserve adopting a hawkish stance looms large. Should the Fed choose to raise interest rates aggressively, it could trigger a market downturn.

This potential market turbulence aligns with my strategy for Nvidia. I’m keeping a close watch on the broader market sentiment, ready to pounce on Nvidia shares should they become available at or near the $400 mark.

5. Conclusion: A Calculated Move

In trading, as in life, timing is essential. My potential entry into Nvidia at $400 is a calculated move, based on a combination of factors: the company’s strong fundamentals, recent market weakness, and a strategic outlook on market dynamics.

While market volatility may cause concern for some, for traders, it presents opportunities. Nvidia’s position as a tech industry leader, coupled with its growth potential, makes it an enticing prospect. If the market aligns with my expectations, I’ll be poised to seize this opportunity.

As I embark on this potential trade, I’m reminded of the importance of staying informed and adaptable. The market is ever-changing, and the ability to spot opportunities when they arise is a trader’s greatest asset.

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I would greatly appreciate it if you could consider featuring this article, as it could provide valuable insights into my investment and trading strategies for the benefit of fellow Tiger Investors/Traders. @CaptainTiger @MillionaireTiger @Tiger_SG @TigerClub @TigerWire @Daily_Discussion @Trend_Radar 

# 💰 Stocks to watch today?(19 July)

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  • ChristKitto
    ·2023-09-19
    TOP

    I had already expected a NVDA price $140to $150 for Q1, but it rose to "All Time High" of $502,66 absolutely unbelievable.

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    • JinHan
      The power of AI is amazing! I believe there are more to come for all AI related companies!
      2023-09-19
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  • MatthewWalter
    ·2023-09-19
    TOP

    This stock has been on the receiving end of endless hype, it could easily be trading below $100 in 12 months.

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    • JinHan
      That will be far fetched…
      2023-09-19
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  • shining87
    ·2023-10-07
    TOP

    As I said last week, 450 by today and $500 by the end of October, you better load, not a single company able to complete with NVDA in the near future

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    • JinHan
      Loaded at $420 and hope it will fly!
      2023-10-07
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  • YeddaJohnson
    ·2023-10-07
    TOP

    Bulls should wait for apple to break out above $200 for confirmation of a rally before buying. It will only be a 35 forward p/e

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    • JinHan
      Long term investors should progressively add up their stake in it. Waiting for it to breakout also means a lost of opportunity to buy at a lower price. Time in market beats timing the market!
      2023-10-07
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  • littlesweetie
    ·2023-09-19
    TOP

    Great company but severely overvalued stock price. I ain't touching it long till maybe $320.

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    • JinHan
      Or you could possibly enter bit by bit if it trends downwards
      2023-09-19
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  • BaronLyly
    ·2023-09-19
    TOP

    Nvda is a great trading stock at 455. Down side risk is very small. Plenty of countries will buy this company if they can at 600.

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    • JinHan
      Its a great company. No doubt about that. Im more of an investor so will hold long term than to trade it.
      2023-09-19
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  • YvetteGunther
    ·2023-10-07
    TOP

    NVDA seems to have zero patents on its GPU’s So every company in the world orders a GPU from NVDA takes it apart and builds their own in a month

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    • JinHan
      That is a very insightful point!
      2023-10-07
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  • FranklinMorley
    ·2023-09-19
    TOP

    I wouldn't touch NVDA at the current price. NVDA is overvalued and overpriced, take your pick.

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    • JinHan
      Agreed. I will enter more as it goes down. Have to be nimble with this positioning
      2023-09-19
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  • YorkTurner
    ·2023-10-07
    TOP

    Microsoft to Debut AI Chip Next Month That Could Cut Nvidia GPU Costs

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    • JinHan
      I believe that is relating to OpenAI? That will be a game changer!
      2023-10-07
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  • YaleBrewster
    ·2023-10-07

    Apples current growth rate is negative

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    • JinHan
      It will eventually go back to the positive territory! I believe Apple products will be stuck with majority of the users at least for the next decade!
      2023-10-07
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  • VivianChua
    ·2023-09-30
    Nice 💚 💚 💚
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  • YueShan
    ·2023-09-19
    Good ⭐⭐⭐
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