To The Moon

Hey Tigers!

I am Tiger Observer, sharing market information with you! 🔎🔎🔎

I will post the 10 most searched stocks on the Tiger Trade app. Don't miss my updates!!!

Weekly movers:

• Last week, $NVIDIA Corp(NVDA)$ Nvidia keeps beating and raising in the past 3 quarters, and the price is now just keeping up.Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March. Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed “Rubin,” ahead of the COMPUTEX tech conference in Taipei.

  Tiger’s view @nerdbull1669

  $NVIDIA Corp(NVDA)$ announces the next-generation Rubin AI platform for 2026, Though Nvidia CEO said the upcoming Rubin AI platform will use HBM4, the next iteration of the essential high-bandwidth memory that is grown into a bottleneck for AI accelerator production, with leader SK Hynix Inc. largely sold out through 2025.

  No detailed specifications for the upcoming products, which will follow Blackwell is being offered. But I personally feel that this announcement would make a move for Nvidia in today trading as 24-hours trading have shown to increase by 2.17% to $1,1120.07.

  If we looked at how the MACD and KDJ chart looks like, we could see that MACD is actually showing strength though there is a decline showing, but with the more than 2% increase in 24 hours trading, I foresee that Nvidia would be giving a pretty nice upside when trading starts in pre-market.

  I am expecting Nvidia to be opening around $1,120.

• $Dell Technologies Inc.(DELL)$ Dell shares slid 13% for the week after hitting fresh highs. The company has been viewed as a beneficiary of the generative AI wave as businesses step up their hardware purchases. Expectations were “elevated,” Barclays analysts wrote in a note on the results.

  Tiger’s view @TBITrades

  Since being publicly listed once more in 2019, $Dell Technologies Inc.(DELL)$ has seen 2 trend mark-ups. Note the 2020 trendline (in green) serving as the “base” trend, and the Mar’23 (in purple) and Mar’24 trendlines (in dark blue) serving as the mark-up trends. DELL also has multiple bullish island gaps, which shows the strength of its bullish uptrend.

  

  Looking closer at DELL’s daily chart, notice how it has retraced more than 61.8%, but less than 78.6% of the move from 113.89 to 179.70. The market is still processing the earnings report which was released Thursday after the market closed. Usually, there is a “3-day” (or more) period of selling or weakness, and in this case we can see that DELL has not gone back into its trendline support, which is expected to find confluence with the 78.6% Fib retracement at 127.97.

  

  Adjusting the Fibs on my lower timeframe chart to account for extended hours movement, I note that 128-129 is an area where DELL is expected to find a confluence of 78.6% Fib retracements. Given that the past 2 trend taps were confirmed with a bullish divergence, it suggests that the trend will not reverse until:

  1. DELL hits 128-129; and

  2. DELL forms a bullish divergence on the 4h

  If we get both conditions fulfilled, DELL will most likely fill the 144.80-165.11 gap, and possibly head towards the extended hours ATHs at 185.74 over the next few weeks. Also note that there is an unfilled daily gap at 123.91-124.71, which could be a fakeout zone that traps retail buyers.

  If we lose the Mar’24 support trendline, then the path of least resistance is down. A retest of the 116.45 level would be in the works.

  Since DELL just had earnings, I figured it would be a good opportunity to initiate coverage on this stock. Given DELL’s post-earnings dump, and the observation that it has just started a consolidation phase, I am initiating coverage on it with a HOLD sentiment. While the overall technical setup still shows higher highs and higher lows, we have not seen signs of a technical bottom just yet.

  Sentiment: HOLD (New)

  Summary (with Price Targets - NFA):

• Higher highs and lows setup that is likely to come back into support between 128-129 before filling the 144.80-165.11 gap and retesting ATHs at 185.74, provided that the Mar’24 support trendline holds

• If the Mar’24 support trendline breaks, then DELL is likely to come back into 116.45 to retest the bullish island gap support (and lower)

• Given the relative weakness in DELL post-earnings, investors should be cautious of the “3-day” (or more) period of selling and wait for a bullish divergence to form on the 4h chart before adding more shares or initiating a new long position

$GameStop(GME)$ $Faraday Future Intelligent Electric Inc.(FFIE)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ $SUPER MICRO COMPUTER INC(SMCI)$ $Apple(AAPL)$ $Alibaba(BABA)$ $Advanced Micro Devices(AMD)$ $PDD Holdings Inc(PDD)$ $Li Auto(LI)$
Among all the stocks above, are there any that you would most like to buy? Please comment to win Tiger Coins!

🎁Prizes

• If you plan to share content over 200 characters, we strongly recommend selecting the "Also Post" button when posting a comment.

  In that case, your comment will automatically become a post published in the TOPIC Stocks to Watch Today to compete for additional coins! Also, your content, if selected as an [IDEA] or [PICK], will receive a reward of 50-300 Tiger Coins automatically!

  If your post is high-quality enough and gains high popularity, there's also a chance to win US$15-25 voucher rewards in our Weekly Top Contributor Program!

  

  ​​Tag your friends, join the events, and win Tiger Coins together！$Tiger Brokers(TIGR)$