$NVIDIA(NVDA)$ $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ ๐น๐ ๐ ค๐ ๐ ๐ ๐ ข๐ ๐
๐ NVDA: Blueprint to Breakout! Riding the Yellow Wave to New Heights! ๐
Kia ora Tiger traders!
๐ Opportunity to buy the dip ๐
๐ Pattern Analysis:
Based on my chart, NVDA is shaping up for a potential breakout. The $133.40 level is critical as it determines whether weโre in for a 5th wave drop or if this ends up being a 4th wave bounce. If we bounce here, itโs a bullish signal toward the $134.55 zone, opening the path to test higher levels.
๐ The Blue Line Breakthrough:
When NVDAโs price crosses the $136.43 blue line, itโs a clear sign the stock will follow the yellow channel toward $140-$152. Historically, this pattern leads to strong upward momentum. The blue line marks the turning point where bulls take charge, making it the price level to watch.
๐ Key Levels to Watch:
โข Current price: $133.54 NZ 14DEC24
โข Critical support: $133.40
โข First breakout target: $134.55
โข Blue line breakout level: $136.43
โข Resistance zones: $138.80, with bullish potential to hit the yellow channel above $140.
๐ Technical Context:
โข The head and shoulders pattern indicates volatility, but once the neckline is cleared, expect strong upward momentum.
โข If we hold $133.60 on dips, this could solidify a base for a parabolic move.
โณ Timing the Market:
The market historically shows weakness before rallying into early January. NVDA could consolidate this week, with potential bullish moves starting Friday or next Monday. Earnings on 26 Feb make March calls or 20 Jun $135c a strategic option.
โ Elliott Wave Insight:
Wave 4 bounce underway with a possible short-term drop (5th wave) before reversing upward. This aligns with consolidation around $133-$134 before resuming an uptrend.
๐ Market Sentiment:
โข Volume: Strong flow, indicating institutional interest.
โข ROA/ROE: Top-notch for the sector, solidifying Nvidiaโs dominance in AI.
โข Forward P/E of 45.14 signals growth, even with current market headwinds.
๐ง My Take:
NVDA is sitting on a technical powder keg. A bounce at $133.40 would send a bullish signal into January 2025. Clearing the blue line will lead us into the yellow channel, where Nvidia will soar.
Hey Tiger traders, whatโs your move? Are you waiting for the yellow channel breakout or playing the dips? ๐ง
Happy trading ahead! Cheers, BC ๐๐๐๐๐
@Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerPM @TigerGPT
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NVIDIA Corp (NVDA) - Stock Analysis
Business Overview: NVIDIA Corp is a leading technology company that specializes in designing and manufacturing graphics processing units (GPUs) for gaming, artificial intelligence (AI), and data centers. The company's GPUs are widely used in various industries, including gaming, automotive, healthcare, and finance. NVIDIA's strong position in AI and deep learning technologies has helped solidify its dominance in the market.
Earnings and Forecast: The earnings forecast for NVIDIA Corp is as follows:
2025FY: Forecast EPS of $2.95, forecast gross income of $129.30 billion, and forecasting EBIT of $86.66 billion.
2026FY: Forecast EPS of $4.42, forecast gross income of $196.30 billion, and forecasting EBIT of $127.92 billion.
2027FY: Forecast EPS of $5.49, forecast gross income of $239.51 billion, and forecasting EBIT of $155.70 billion.
Analyst Recommendation: There are a total of 21 analyst recommendations for NVIDIA Corp, with 37 buy recommendations and 6 hold recommendations.
Analyst Target Price: The mean target price forecasted by 51 analysts is $169.21392. The low target estimate is $75.4, and the high target estimate is $220.0.
Capital Flow Data: Over the past 5 days, the capital flow data for NVIDIA Corp shows the following:
12-06: Inflow of 98,212.84 thousand shares.
12-09: Inflow of 259,770.35 thousand shares.
12-10: Outflow of 2,556.75 thousand shares.
12-11: Outflow of 238,481.8 thousand shares.
12-12: Outflow of 416,451.89 thousand shares.
Profitability Ratio: As of December 12, 2024, NVIDIA Corp has a profitability ratio of 0.7173.
Support and Resistance Price: The support price as of December 12, 2024, is $115.85, and the resistance price is $138.55.
Stock Price: The current stock price of NVIDIA Corp as of December 14, 2024, is $133.7801.
Recent Earnings Result (2025Q3):
EPS: $0.79
ROE: 124.52%
Gross Profit Margin: 74.56%
Quick Ratio: 3.41
Current Ratio: 4.10
Total Asset Turnover: 1.55
Inventory Turnover: 4.98
Return on Investment: 75.78%
Operating Cash Flow to Current Liabilities Ratio: 4.28
Fixed Asset Turnover: 20.73
Accounts Receivable Turnover Ratio: 8.82
Net Assets per Share: $2.69
Total Liabilities to Total Assets Ratio: 13.43%
Net Profit Margin: 55.04%
Summary and SuggestionsAccording to the analysis, here are the key points to consider:
NVIDIA Corp is a leading technology company with a strong position in AI and deep learning technologies.
The earnings forecast indicates expected growth in the coming years.
Analyst recommendations are mainly favorable, with a majority of buy suggestions.
The average target price forecast by analysts is $169.21392, with a low of $75.4 and a high of $220.0.
The recent capital flow data shows mixed inflow and outflow of shares.
The stock's support price is $115.85, and the resistance price is $138.55.
The recent earnings result shows positive metrics across various financial indicators.
Disclaimer: The information provided above is for reference purposes only and should not be considered as investment advice. Stock prices and financial indicators are subject to market risks and fluctuations. It is important to conduct further research and analysis before making any investment decisions.
If you have any more questions, feel free to ask. Happy trading!
I've opened positions in $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ ๐๐๐
Thanks BC!โฃ๏ธ๐๐๐
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