Nvidia trend forecast | Target price range below 95 in late August

Statement: Predicting the trend of stock prices is only for the convenience of having a buying and selling mindset during trading. Even if the stock price prediction is accurate, improper trading strategies can still result in losses. Therefore, the accuracy of predicting stock prices is not very meaningful. What is more important is to make timely adjustments to the buying and selling mindset according to the market conditions.

First, let's review the market conditions.

The NASDAQ Index has already reached a bottoming out and stabilization state. It is expected to have a small rebound in the next week (August 9th - August 16th), and then continue to decline.

After NVIDIA's breakdown and decline on July 30th, it has now shown signs of stabilization. The target price for a small rebound is expected to return to the range of 115. The time period is from August 9th to August 16th. In late August, NVIDIA is estimated to continue to decline below 90 yuan and enter the 80-90 range.

Second, let's analyze the stock market situation of NVIDIA.

Reviewing the market conditions of the week starting from July 30th, after the breakdown and subsequent strong rebound on the next day, there was a continuous decline, with the Friday closing near the lowest point of 100. This is considering the weak performance of the technology stocks at that time. NVIDIA has already broken through the support level, and the downward trend has begun.

1. Looking at the feedback from our customized indicator DKW, there was no obvious breakdown and decline in the market conditions on July 30th and 31st, especially the blue candlestick on the 31st. This is a signal of trend reversal. However, whether it will rebound or continue to decline cannot be determined from the market conditions on the 31st. Then we can see that on August 1st, there was a green number [1] indicating a nine-turn structure on the candlestick chart. This means that the trend of NVIDIA will further decline, and it usually lasts for about two weeks. Looking at the situation on August 9th, it has been the 7th trading day. Based on the feedback of the indicators, the downward trend is coming to an end, and a new round of market trend is about to begin. The market conditions in the week of August 12th to 16th will be determined based on the closing price of today (Friday). If it closes in the red, next week should still be dominated by a decline, and the target price will directly enter the range of 100.

2. Looking at the feedback from our customized indicator CM (Chip Movement) indicator, starting from August 1st, the blue representing retail investors has been increasing, which indirectly confirms the certainty of the downward trend based on the chip structure.

3. Based on the pre-market trend of Nvidia and the factors of options delivery date at the end of last Friday, it is highly possible that Nvidia's options delivery stock price will be around 100 today. The reasons are as follows

The overall trend is a downtrend, and on Monday the 5th it was a crash market, opening 15 points below water. This was a heavy blow to most of the big funds operating Nvidia, who had no time to retreat. In order to save themselves, the funds had to forcefully support the market and push up the price, which resulted in the violent rebound on Monday and Tuesday. You can also understand why most of the stock night trading features have been canceled at present. After two days of support and retreat, most of the trapped funds have already distributed their chips. We can see that some stocks can be traded in night market again. The details can be discussed in the comment section.

Going back to Nvidia, after two days of fighting and retreating on Monday and Tuesday, Wednesday saw a big bearish candlestick, indicating that the rebound had failed. Thursday and Friday were options delivery dates, and the main funds inside adopted a strategy of fighting and retreating.

Based on the indicators and market conditions at the moment, there is a high probability of further decline next week. It is not recommended to enter the market for bottom fishing. You can open some short positions to verify whether this judgment is accurate.

For those who like to trade options at the end of the period, it is recommended to use our custom indicators DKW, CD, CM, SZT, CKDJ, CJR to analyze the market. The best timeframes are 1-2-3-5 minutes. Everyone can choose suitable stocks for buying and selling based on their preferences.

Friendly reminder: Non-professional traders, please do not attempt to trade options at the end of the period easily. Our custom indicators are only used as a reference for analyzing the market, they are not omnipotent tools, so don't take them too seriously or too lightly.