Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

NVDA Analysis – Day 1 of the GTC 2024 Conference

Today is day 1 of the Nvidia GTC 2024 conference, and there is a lot of hype surrounding this four-day event. I think $NVDA is neutral and slightly bullish headed into this event, and there is likely to be some volatile price action over the next 4 days. I think that $NVDA will spike in price if there are some good announcements, but there should also be serious concerns for a selloff as well. For these types of events my approach is to buy the rumor, sell the news. There will be a lot of eyes on Nvidia this week, and I’m sure there will be a lot of Nvidia updates coming over the next 4 days. For now there is a bullish gap higher with the weekly open, but NVDA’s price is being suppressed by a $920 resistance level here. There is an important yellow resistance trendline to monitor as well, and there has already been a strong rejection at this yellow resistance line. This yellow resistance line gives a price target around $962 – 963 over the next few days.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

RIVN Hasn’t Reached the Price Target

RIVN had a nice rally in July, and I believe there is still some upside to the red resistance line around $19-20. There have been pullbacks along the way, but the red resistance line is likely to have a lot of sellers. I would exit at the red trendline, and I still like RIVN as […]

Read More
Default Thumbnail

HOLO Trading Near Resistance

HOLO is trading near the upper range of the yellow falling wedge. There is resistance around 56 cents, and next week the bullish seasonality trend starts. Very interesting trade setup here, I’m curious to see if HOLO forms a bullish breakout next week. Follow me on social media: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

IWM’s Intraday Reversal

Yesterday IWM started off with a lot of bullish momentum, but had a complete reversal by the day’s end. This is still a healthy correction, and I think IWM is likely to continue trending up to the $233 price target. Follow me on social media: https://linktr.ee/realchartchamp

Read More