🎁 Rewards Alert | Chart Talks: Nvidia back to 130! What's next? Long or short?
📃 Key Takeaways
▫️ Nvidia closed at $132.65 on October 9, nearing its all-time high of $140.74, reflecting a year-to-date increase of around 168%.
▫️ The stock is developing a symmetrical triangle pattern and indicates a possible breakout. Technical indicators like RSI and MACD are positive on the daily timeframe, suggesting potential upward movement.
▫️ Nvidia CEO recently says ‘reasoning’ AI will depend on cheaper computing. He also mentioned plans to increase chip performance by 2-3 times annually while keeping costs and energy consumption stable.
▫️ Nvidia closed at $132.65 on October 9, nearing its all-time high of $140.74, reflecting a year-to-date increase of around 168%.
▫️ The stock is developing a symmetrical triangle pattern and indicates a possible breakout. Technical indicators like RSI and MACD are positive on the daily timeframe, suggesting potential upward movement.
▫️ Nvidia CEO recently says ‘reasoning’ AI will depend on cheaper computing. He also mentioned plans to increase chip performance by 2-3 times annually while keeping costs and energy consumption stable.
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💬 Let’s Discuss What’s Next
In the comments below, use technical analysis and charts to share your perspective on Nvidia’s future trends. What investment strategies do you plan to employ, and which related assets (such as common stocks, ETFs, options, etc.) are you focusing on? We’d love to hear your trading insights or profit and loss (P/L) as well!
In the comments below, use technical analysis and charts to share your perspective on Nvidia’s future trends. What investment strategies do you plan to employ, and which related assets (such as common stocks, ETFs, options, etc.) are you focusing on? We’d love to hear your trading insights or profit and loss (P/L) as well!
🎁 Rewards
◻️ The top three on-topic comments with technical charts pics will be given 188 points for each, based on the content’s originality/quality/engagement.
◻️ Event Duration: From October 10th to October 15th
◻️ The top three on-topic comments with technical charts pics will be given 188 points for each, based on the content’s originality/quality/engagement.
◻️ Event Duration: From October 10th to October 15th
Don’t forget to like the content you enjoy. Good contributions deserve more support and encourage authors to share even more in the future!
💡 Mooer's POV
Disclaimer: This presentation discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.
@ZmjjkK | View full post>>
Currently, it's trading about 6% below its all-time high, and if it can break through this barrier, it might head towards a resistance zone around 170. This projection is supported by technical indicators like a 1-to-1 extension and a 1.618 Fibonacci expansion. On the options front, there's significant open interest for Nvidia expiring on October 11, particularly in the 120-130 range. This might indicate a climb to these levels early in the week, followed by a potential drop to 118 by week's end. If this scenario plays out, it could lead to a further decline to 112-113
Currently, it's trading about 6% below its all-time high, and if it can break through this barrier, it might head towards a resistance zone around 170. This projection is supported by technical indicators like a 1-to-1 extension and a 1.618 Fibonacci expansion. On the options front, there's significant open interest for Nvidia expiring on October 11, particularly in the 120-130 range. This might indicate a climb to these levels early in the week, followed by a potential drop to 118 by week's end. If this scenario plays out, it could lead to a further decline to 112-113
@TiA Wong | View full post>>
Break out triangle. Seems like 140 is possible. Break out with a slightly increased volume.
Break out triangle. Seems like 140 is possible. Break out with a slightly increased volume.
@CasualInvestor | View full post>>
Volume was strong pushing down premarket gains hovering between 132 and 133, still looking good to end this week on a high.
Volume was strong pushing down premarket gains hovering between 132 and 133, still looking good to end this week on a high.
📢 For more mooer's POV, click here to check out the discussion topic>>
Chart Talks is a series of posts dedicated to technical analysis, with each post focusing on individual stocks that have garnered significant interest from mooers.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Let’s Discuss: use technical analysis and charts to share your perspective on Nvidia’s future trends. The top three on-topic comments with technical charts pic will be given 188 points for each！
CasualInvestor :
BeautyWolf : I'm done with the negativity—my gains will do all the chatting!
First target: 150, while the naysayers expect a sell-off. A brief pullback to 129 is a chance to position for the rise to 150. Don't swim against the current—it's been going up, up, up! 
Stocks usually chill out only after hitting their goals, and any recession is just a short-lived hiccup. 
Get this, and you'll be rocking those long-term trades like a pro. $NVIDIA (NVDA.US)$ $GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ $T-REX 2X LONG NVIDIA DAILY TARGET ETF (NVDX.US)$
TiA Wong : Before election, market won’t crush. Simple and straightforward. If nvdia really plan to crush , then it will side way until after election. However , optimistic about nvdia market value over Apple , it happens With purpose retailer chase high . Since it over Apple market value, worldwide will report the new to caught retailer attention
Ultratech BeautyWolf : media saying soft landing likely that's what powell been working towards so we don't have a recession. People should learn to respect powell not think hes out to tank market but he's doing his job well and has been fixing things slowly so we are in a recovery growth
151776182 : As long as Blachwell really goes public, it will definitely soar, it has just crossed the shin line.
CNNT : With my limited TA skills, I picked up 3 downward price reversal signals.
1) Bearish divergence occurred with lower trading volumes
2) Price sitting at the upper half of the support and resistant trendlines, while an upward breakout is possible, it's also a signal for 'overbought' and a possible correction
3) Price touched the upper bollinger band, signalling a reversal
Happy to be corrected if any of these observations are weak.
74635626 : 150
Alan Tan 俊帆 :
The Nut : hll
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i nedd to pay for my bar chor mee
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