Nvidia - Where is it heading short term? Technical Forecast On 2024 July 16 0750hr EST
As with all forecasts, it is meant for the short term.
Long-term trajectory differs significantly.
2024/07/15 EST Swing Forecast:
1. NVDA struggled to break through a significant sentiment level.
2. After a major drop on 2024/07/11 est. there is a noticeable double top on the price chart.
Projection:
NVDA could head towards 122.8. If it breaks through this level, it may reach 118.23. A significant move below 118.23 could see it plummet to 106.17, but this will need a reason as catalysts for the market to push it down. Never underestimate the power momentum of a rampaging train.
NVDA could head towards 122.8. If it breaks through this level, it may reach 118.23. A significant move below 118.23 could see it plummet to 106.17, but this will need a reason as catalysts for the market to push it down. Never underestimate the power momentum of a rampaging train.
What should you do now?
I will day-trade it (enter and exit within the same day) in both directions (up and down). This option is however not for non-trader.
#marketoutlook
#nvda
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protraderx OP : Precision trading at its finest. NVDA dropped to 122 pre-market on July 17, 2024, at 04:32 hr est. Exited early before it fell below 122 to low of 121.5 after an imprecise entry yesterday. Turned a big paperloss 6000 usd into a win 2901 usd (17 hours swing trade).
protraderx OP : 2024 July 17 10:26 EST: Hit 118.12 near my projected low 118.23 forecast yesterday when NVDA was above 129. Precision to the dot.
I'm the GOAT in reading price action anticipated precise big moves before it happened to within 1 to 3 trading days. And at the current time when all the analysts and mainstream media gave a much higher price level.
protraderx OP protraderx OP : 2024 July 17 10:00 hr added to the gain by adding to short. Additional +1024 usd in 1 min big move.
protraderx OP : $NVIDIA(NVDA.US)$
+$10,737 USD realised day trades.
Precision key reversal trades.
Primarily long from bottom on NVDA. Repaired a pre-market paper loss of over -$2000 USD into a +$10,737 USD realised profit., 116.80 --> 120.30.
3 NVDA trades, 2 wins.
Duration: 1 hr 44 min.
#precisiontrading
#goatofdaytrading
protraderx OP : $NVIDIA (NVDA.US)$ 2024 July 30 EST when NVDA was HOD above 131, I posted my projection on 16 July 2024 hit 106+. Well, the next trading day, it started to slide down big time.
And today 2024 July 31 hit low of 100+ post market.
protraderx OP : Aug 1, 2024, $NVIDIA (NVDA.US)$ dropped to a low of 106+ overnight. $Intel (INTC.US)$ plunged 20% overnight. $NASDAQ (NASDAQ.US)$ plunged over 400 points.
My prediction came true.
.