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DOGE: A Bullish Rally or Another Trap? What You Need to KnowYello! Could we be on the verge of a major #DOGEUSDT rally? Or is another fake-out looming? Let's dive into the latest analysis of #Dogecoin! 💎#DOGE is currently displaying strong potential for a bullish continuation from a critical support zone at $0.096. We've been tracking #Dogecoin closely as it follows a falling wedge pattern, and it now appears ready to break above the descending resistance line. The next target? Internal resistance at $0.151 — a key level that could set the stage for a bigger move. 💎If #DOGEUSDT holds strong at this critical support, we might witness a significant rally, echoing previous market surges. A breakout above $0.151 could pave the way for an advance toward the next resistance zones, potentially driving the price even higher. 💎But here's the catch... It’s essential to stay cautious. If momentum weakens at this support, we could see a pullback to the lower support area around $0.080-$0.087. 💎Keep a close eye on CRYPTOCAP:DOGE ’s price action! A daily close below this demand area could invalidate the bullish scenario and trigger further declines. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
14
BTC Bitcoin Correction Outlook 4 hour Chart Extended AnalysisBTC Bitcoin Correction Outlook 4 hour Chart Extended Analysis In this 4-hour short-term chart, we observe both a triangle and a bearish rising wedge that have been broken, signalling potential downward momentum. Additionally, we now see the formation of a bear flag, which is typically a continuation pattern. We can also see several support lines that highlight important levels to keep an eye on. The identified targets include: Bear Flag Target: 54,541 Bearish Wedge Target: 50,000 Maximum Correction Target (Triangle): 45,000 These targets closely align with the Elliott Wave C wave projections: 0.618 Fibonacci Extension: 56,764 1.000 Fibonacci Extension: 54,023 1.618 Fibonacci Extension: 49,589 My current outlook suggests the possibility of establishing a double bottom around 50,000, although it's too early to confirm this scenario. On the weekly chart, the inverted Head & Shoulders formation, Cup & Handle pattern, and the Descending Broadening Wedge, along with the bull flag, remain fully intact. These patterns support long-term targets for Bitcoin ranging between 150,000 and 325,000 in 2025. Happy trading and good luck! Disclaimer: This is my personal analysis and should not be taken as financial advice. Always conduct your own research before making any investment decisions.
INDEX:BTCUSD
by PegasusTechCharts
10
8/31 bitcoin.Hello, this is Full_Time_Trader88. Let's dive into the Bitcoin market analysis for August 31st. (Please note, I do not engage in any paid promotions. This post is purely for informational purposes and should be used as a reference.) (15-Minute Chart - Layer Structure) Bitcoin appears to be forming a "layered structure," where support and resistance levels act as distinct "layers." This structure provides a clean and well-organized chart view. Layer 1: $57,750 - $57,928 Layer 2: $58,655 - $58,876 Layer 3: $59,614 - $59,794 Layer 4: $60,060 - $60,249 This structure was drawn two days ago and remains relevant today. (Anything above Layer 4 could be considered the "roof.") (Remember Layer 1 for later.) (1-Hour Chart - Head and Shoulders) On a broader scale, a "Head and Shoulders" pattern is visible, which typically signals a bearish trend. The neckline of this pattern aligns with the "Layer 1" zone. If Layer 1 is broken, it could lead to increased selling pressure. (4-Hour Chart - Divergence) On the 4-hour chart, a bullish divergence was observed, which led to a minor rebound. However, the full potential of this divergence hasn't been realized yet. As long as the previous low of $57.5K holds, the market may still be influenced by this bullish divergence. (If $57.5K is breached, it could trigger the Head and Shoulders pattern.) (Daily Chart - Candlesticks) Recent daily candles show minimal fluctuations, with the last four candles not moving more than 1%. This tight range suggests an accumulation phase, which often precedes a significant move. (We might see an expansion phase soon.) (Daily Chart - Bollinger Bands) The middle line of the Bollinger Bands, which corresponds to the 20-day moving average (20MA), has been a strong resistance level. Breaking through this level is crucial for a potential trend reversal. (Daily Chart - Bull Flag Pattern) On a larger scale, a "Bull Flag" pattern has been forming over the past 170 days, including a "flagpole" phase that extends the pattern to over 220 days. This large-scale pattern is critical, and its resolution could determine Bitcoin’s trend heading into the end of the year. (All movements in the past six months have been within this pattern.) The Bull Flag is typically bullish, but only if it breaks upwards. A downward break would be a significant warning sign. The short-term layered structure is crucial. Breaching Layer 1 could activate the Head and Shoulders pattern, posing a risk. Bitcoin is accumulating energy during its sideways movement. All of this is happening within the larger Bull Flag pattern, which could dictate the year-end trend. For short-term trading, focusing on the 4-hour chart or lower timeframes may be more practical. That’s all for this brief analysis. Please use it as a reference. Thank you for reading. Your likes and subscriptions are greatly appreciated! • This is not a buy or sell recommendation. • It represents a personal perspective and is for reference purposes only. • All decisions and associated responsibilities are solely yours.
by Full_time_trader88
16
Apple is a great buy once it exceeds 240! The stock experienced an extended period of consolidation, during which it formed several bullish chart patterns, including the Double Bottom and Rounding Bottom. After the price broke above the neckline of the Rounding Bottom, the stock surged to reach an all-time high close to the 237 level. Since then, it has retraced nearly 17%-18%, returned to its support level. Now, with a robust rebound underway, the stock is approaching its resistance zone, and there are strong expectations for a significant breakout. The optimal buying opportunity lies just above the 240 level.
NASDAQ:AAPLLong
by NaranjCapital
25
Nvidia Fails to Wow Traders. What to Make of Its Earnings ReportNvidia stock (ticker: NVDA ) is up nearly 3,000% in the past five years. Back then, in 2019, no one really cared about its earnings report as it was known mainly for its niche products targeting geeks, gamers and crypto miners. Now, when Nvidia reports, the world listens. Everyone and their moms were glued to the screen Wednesday afternoon when the company released its quarterly earnings report. The numbers were good — triple-digit growth was there and guidance was calling for even more growth. Yet investors proceeded to dump the stock. Big time . Shares lost as much as 10% of their valuation in after-hours trading before Nvidia fans scooped up some of those bruised gems at a discount. Nvidia is worth $3 trillion (depending on the day) — that’s about 6% of the massive $50 trillion valuation of the S&P 500. The lofty price tag is largely due to Nvidia leading the AI boom with its chips being the hottest commodity in the tech world. As a result, Nvidia has turned into a top pick among the thousands of stocks available out there. That gives you an idea of this stock’s important role. Markets are placing so much significance on Nvidia’s earnings update that you might as well put it on par with the jobs report or a Fed event. Good but Not Absolutely Mind-Boggling Amazing Analysts: We expect revenue growth of 115%. Nvidia: Here’s 122%. Analysts: Nooo, why not a bigger beat? Disappointed! Nvidia posted another blockbuster quarter with $30 billion in revenue, up 122%, surpassing Wall Street’s estimates of $28.7 billion. Earnings per share landed at 68 cents a pop, up 152%, eclipsing consensus views of 65 cents. Thanks to the wide profit margins, Nvidia pocketed some $16.95 billion in net profit. It did say, however, that gross profit margins narrowed quarter on quarter. For the three months to July 28, Nvidia generated an adjusted gross margin of 75.7%, down from 78.9% the previous quarter. Full-year gross margins are projected to sit above 75% while total revenue is expected to hit $120 billion. With Great Returns Comes Great Responsibility Here’s a harsh truth: the bigger you become, the higher the expectations for more breakneck growth. Nvidia’s revenue blasted by a supercharged 265% in the previous quarter. And if 122% can’t keep shares above the flatline, then Nvidia’s rapid expansion has turned against it. And by the looks of it, that growth is going to be increasingly challenged. Large-cap rivals are threatening to chip away (pun intended) at Nvidia’s dominance, potentially taking from its market share, diminishing the profit margins and pulling some of its Big Tech clientele. For the October quarter, Nvidia chief executive Jensen Huang projects revenue of $32.5 billion, which exceeds the average consensus of $31.7 billion. But, then again, it doesn’t exceed it by a lot — and that didn’t sit well with the overly optimistic investors out there. Not everything was above market expectations. Nvidia’s next-generation AI chip — Blackwell — still hasn’t started shipping and that unnerves some stock holders. Huang tried to assuage investor fears during the earnings call, saying that despite some design-related delays , Blackwell will ramp up production as expected and will bring in “several billion dollars” still this year. In a move to instil confidence and maybe patch things up, Nvidia authorized a juicy $50 billion stock buyback, which is a mere 2% of its market cap. What are you doing with Nvidia’s shares? Are you a long-term holder or looking for the right entry? Maybe buying this dip? Let us know in the comment section!
NASDAQ:NVDA
by TradingView
14
The TradingView Show: Volatility Spikes with TradeStationWelcome to our latest live TradingView show with TradeStation! Kick back and watch this show to learn about the key things that are moving markets and shaping the conversation as the summer trading season comes to an end. What will you learn in this show? Recent Price Action: We’ll analyze the market movements since the "carry trade crash" and see how this has affected various asset classes. Interest Rates: We'll explore the latest developments in interest rates and their implications for trading strategies. Dollar Index: Understand the current trends in the Dollar Index and how it influences currency movements. Currencies: We’ll break down recent changes in currency pairs and what they mean for traders. Then, we dive into a masterclass about Catalysts for Stock Movements, in which you'll learn about the key factors driving stock price changes. We’ll discuss 7 important catalysts to watch for, including: 1. Growth: Look at NVIDIA’s recent performance in AI chip sales. 2. Profit Margins: Examine how companies like META are improving their profitability. 3. Strategic Actions: Consider new leadership and strategic moves, such as Starbucks' new CEO. 4. Business Transformation: Explore how companies like Netflix and Microsoft are evolving their business models. 5-7. Other Key Factors: See how Apple's shift to services fits into the broader market picture. Here are some examples of these catalysts: Growth - Monitor trends like NVIDIA's AI chip sales. Profit Margins - Track profitability improvements, such as with META. Strategic Actions - Look out for major corporate strategies, like Starbucks' new CEO. Business Transformation - Note significant shifts, such as Netflix’s new ad feature or Microsoft’s cloud computing focus. Additional Catalysts - Keep an eye on other important factors like Apple’s expansion into services. Don’t forget to jot down this checklist and join us each month for the TradingView Show, where we spotlight community members and cover educational content across equities, AI, crypto, gold, forex, and more. Compliance and disclaimers: Important information: tradestation.com/important-information/ Disclosure options: theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document ETF prospectus page: tradestation.com/insights/etf-disclosures/
TVC:VIX
by TradingView
2
USOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TRENDUSOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TREND According to this technical analysis, the current trend indicates an upward movement for USOIL. Prices are trading above moving average intersections, and the MACD indicator shows positive signs. Considering this, we can consider buying from the current price of $75, with a profit-taking target around $76 per barrel. Additionally, some traders expect the price to rise further, potentially targeting the resistance area around $80. Keep an eye on the market developments and adjust your trading plan accordingly! 1. Technical Analysis: 1. Trend: The current trend for USOIL is bullish. 2. Moving Averages: Prices are trading above key moving averages, which is a positive sign. 3. MACD Indicator: The MACD indicator also shows bullish momentum. 2. Price Levels: 1. Current Price: $71.74 per barrel. 2. Profit Target: Consider buying with a profit-taking target around $75.57 per barrel. 3. Potential Upside: Some traders expect the price to rise further, potentially targeting the resistance area around $80.00. LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.
TVC:USOIL
by Ali_Explorer
37
PEPEUSDT.1DExamining the PEPE/USDT chart closely, I’ve identified several elements that stand out in the current trading environment. Here's a detailed analysis: Key Resistance and Support Levels: Resistance 1 (R1) at 0.00000693: This level is immediately noteworthy as the price is currently testing it. A break above could indicate bullish sentiment building in the short term. Resistance 2 (R2) at 0.00001377: Much higher than R1, reaching this level would suggest significant bullish momentum and a possible shift in market dynamics. Resistance 3 (R3) at 0.00001724: This is an optimistic target and would likely require a major catalyst or a shift in broader market sentiment. Support 1 (S1) at 0.00000379: If the price breaks below this level, it could lead to further declines as it represents the most recent low. Support 2 (S2) below the chart’s visible range: The presence of another support below S1 suggests a zone where buyers previously stepped in. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD is currently below the signal line but close to a crossover. This could suggest that upward momentum is starting to build, especially if the MACD crosses above the signal line soon. RSI (Relative Strength Index): The RSI stands at 41.90, which is below the midline of 50, indicating that the market might still be in a bearish phase or at least not strongly bullish yet. Chart Patterns: A downward trendline is evident, marking resistance levels that have capped price rallies. The current price action near R1 could be crucial; a decisive break above this trendline might suggest a trend reversal. Fibonacci retracement levels from a prior rise show significant levels at 0.561 and 0.727, indicating areas where the price found support or resistance before, aligning with our current levels. Conclusion: The current setup on the PEPE/USDT chart suggests caution with a watchful eye on potential bullish signals. A break above R1 and the downward trendline would be a positive sign, potentially leading to tests of higher resistance levels. Conversely, failing to overcome R1 could see the price retesting support at S1, with a risk of falling to lower levels if bearish pressure intensifies. Given the proximity of the MACD to its signal line and the RSI’s position, traders should remain alert for changes in momentum and adjust their strategies accordingly. Setting strategic stop-loss orders and considering the impact of broader market trends on PEPE’s price movement would be prudent.
by MarsSignals
3
Bitcoin: Resistance Now Back To Support?Bitcoin rejected the 56K support and is now testing 64K resistance. Read my previous article to learn how I described this scenario a week in advance. With price at a proven resistance, along with a couple of inside bars suggests momentum continuation higher BUT how much higher? With the coming week typically being the SLOWEST week of the year, expectations should be LOW as far as seeing a push back into the high 60KS. Based on the recent price history along with considering the broader context, I am anticipating the 64K resistance area sticks and price is more likely to see the 60K support over the coming week. Why this scenario over the countless possibilities? My reasoning is simple: the broader context has proven to be a range bound environment. In a range or consolidation, relevant support and resistance levels have a greater tendency to hold. That is the expectation, but whether the MARKET decides to agree with that is another story. This is precisely why having a routine way to CONFIRM the price action is key (this is what my Trade Scanner Pro is all about). The market is currently at a resistance, IF price action confirms a sell signal, the next support is around the 60K area (see arrow). I anticipate buying activity to confirm in such an area. To use this information effectively, you must have certain things figured out. For example, if you are a day trader, it is reasonable to look for sell signals across smaller time frames near the 64K area. Risk can range from 150 to 400 pts (1 min to 5 min time frame) while profit objectives can range from 200 to 500 points max. This is all determined by the parameters of the time frame you operate within. Getting short now and expecting a test of 60K because "its a big move" does NOT account for the associated risk and profit objectives of your relative time frame (Trade Scanner Pro calculates all of this). As I mentioned in my previous article, play the support/resistance levels or don't play at all. This is ESPECIALLY important this coming week which is typically the slowest of the year in terms of average volume. Slows grinds one way or the other, sharp movements one way or the other, lack of follow through, fake outs are all very common occurrences in such an environment. In my opinion, play small, recognize when you are WRONG fast and do NOT cling to hope. For beginners especially, if there is any time to take time off, this is the week. If you must trade, at least trade on paper and learn while protecting yourself from a very highly random market. For the majority of participants, this is a game of CHANCE not skill. The reason is they are misinformed into believing they are cultivating a skill which in reality has NOTHING to do with the outcome of their trade or action. For example, being able to read oscillators, interpreting news and recognizing patterns, etc. Like a slot machine, no matter how good you get at interpreting the animations, fancy images, sounds and buttons, you will have absolutely no effect over the outcomes of your bets. Does it have to be this way in the markets? No, but it is all a function of the quality of the information you choose to consume. Not all information carries the same value. Here's something to consider: IF most of the population has access to the same information as you, chances are it offers NO advantage which means your outcomes are likely random. The skill in this game is being able to recognize value that is overlooked by the broader population while being flexible enough to adjust to changes that only price itself can convey. If you are having a hard time, you are most likely believing the misinformation that you consume. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
19
Bullish rise?EUR/CHF is reacting off the support level which is an overlap support and could rise from this level to our take profit. Entry: 0.94637 Why we like it: There is an overlap support level. Stop loss: 0.93811 Why we like it: There is an overlap support level which lines up with the 50% Fibonacci retracement. Take profit: 0.95768 Why we like it: There is a pullback resistance. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
8
Will the BTC downtrend continue? BTC has down trended for 6 months. When you look at the smaller charts it's less obvious because it's messy but when you look at the monthly chart it's clear as can be. The upside wicks are all lower. The downside wicks are all lower. We've made a series of lower lows and lower highs since the false breakout. If we break again, we're going to go through the level I marked as the critical break level while we were at the high. Read old post here; Real make or break level for BTC now. Would be a very good look for it if it could break the downtrend, but if we can't we might be getting close to the obvious yank on this. We might have been a through a 6 month period of baiting. Bringing in the bulls before the turn. If that's what's happening, we'd be close now.
BITSTAMP:BTCUSDShort
by holeyprofit
184
NVIDIA, parabolic move in progressIn my previous posts on NVIDIA, i mentioned that we are heading north and its likely going to get steep as we move ahead. The larger term view is we are going to complete larger Wave 3(multi-year) and we are in last wave 5 of wave 3(Please refer to my other chart for larger term view). Now i have tried to put Livermore Speculative chart on same chart and as of now its following it. I have two targets. These targets are 204 and 306 which i got from fibonacci levels. This is not a trade recommendation or financial advise. Kindly consider proper risk management. If you like the idea, kindly like, share and subscribe. :)
NASDAQ:NVDALong
by coding_thoughts
28
USDJPY - Trading The Ascending Triangle BreakoutAfter a nearly 2,000 pip plunge, USDJPY has found support & has started to reverse. We ended the week not only violating an important level of previous structure resistance, but we also had a breakout & are currently retesting an ascending triangle. This sets us up for a potential bullish (short-term) continuation opportunity & in this video I'll show you where I'm looking for price to potentially go to next. Questions, Comments, or Views on this pair, please leave them below as I love to talk trading. Hope you guys have a great weekend & keep you eyes out for more videos from me on this space. Akil
Long
by Akil_Stokes
10
Crypto and Bitcoin Market Update - Price Forecasts and MoreIn this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana. And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps. Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed. I also share potential paths, likely a dip first, then push higher toward ATH. And a new study I've been refining based on liquidity and timing cycles, showing we're very close to a major move upward in Bitcoin and the rest of the market. Howerver, I feel the biggest bang for your $ will be BTC, SOL, and ETH from here. Let me know what you think, and please like the video.
COINBASE:ETHUSDShort
by BrettFogle
9
Entering into a resistance zone, watching for support to hold Ahoy, fellow chart sailors! 🚢 Looks like we're steering into some resistance waters at the moment. Here's the treasure map for today: The Resistance: We're bumping up against a notorious resistance level. Will it be the plank or will we sail through? Support Ahoy: Keep your telescopes on the support lines. If we start to sink, these are the levels where we might find some buoyancy. Volume Waves: Keep an eye on the trading volume. A surge could mean we're about to discover new lands (breakout), or it might just be a siren's song. Signal Flags: My indicators are fluttering in the wind. The RSI is hinting we might be overbought, but the MACD still waves the bullish flag. What flags are you flying? Trading Tactics: Bullish Buccaneers: If you're on the long voyage, maybe set your stop-loss anchors just below the key support. Bearish Brigands: If you're looking to short, wait for the cannons to confirm a breach below support. What's your game plan as we sail through this resistance? Drop your thoughts below! Let's navigate these waters together. 🌊 Keep your wits about you and may your trades be ever in your favor! Let's share our charts and insights. After all, a rising tide lifts all boats!
Long
by Blayno_MTOPS
11
GOOG Analysis: Short Opportunity on the Horizon?Hello Traders, I'm sharing my analysis for GOOG, breaking it down in the simplest way possible. Wave Patterns: The previous upward trend lasted 3x as long as the recent downtrend, which was 2x. By dividing the last uptrend into three equal periods (3x), I projected the future downtrend (2x) to mirror the previous wave structure (5x total: 3x uptrend and 2x downtrend). Based on this, I expect the downtrend that began on July 8, 2024, to potentially conclude around August 25, 2025. Regression Channel: I've drawn the main regression channel on the weekly chart. GOOG's price recently bounced from the channel's upper deviation line, dropping from 190 to 155, which is near the channel's middle line. I anticipate it could reach 175 before continuing downward, forming a new downtrend. Conclusion: Given these observations, I see a promising short opportunity, targeting the channel's lower deviation at 127. Let's keep a close watch on this setup! NASDAQ:GOOG
NASDAQ:GOOGLShort
by Eymen-GUVEN
6
AMD Rose 20% in Two Weeks. Here Is What Its Chart ShowsAdvanced Micro Devices NASDAQ:AMD has gained some 20% in the past two weeks, rising in part on news of plans to buy privately held server maker ZT Systems for $4.9 billion. Where does technical analysis say the stock might go from here? The ZT acquisition, which AMD announced on Monday, appears to be all about keeping up with Wall Street darling Nvidia NASDAQ:NVDA in the hot area of generative artificial intelligence, or “AI.” Chips designed by firms like AMD and NVDA perform all of the calculations that make generative AI possible. They are the brains of a network that stitches a multitude of servers together inside a data center. AMD is buying ZT for its expertise in this space, paying 75% cash and 25% stock in a deal the company expects to close next year. The company said in a statement announcing the deal that it plans to divest the part of ZT that manufactures servers, which is currently ZT’s primary revenue-producing business. AMD appears to just want ZT’s AI people. Now, AMD seems unlikely to catch Nvidia any time soon in the data center/cloud/AI race. But the ZT deal could help the company remain No. 2 in the space, biding its time and staying relevant and competitive. AMD has already come a long way since Lisa Su took over as president and CEO in 2014 (and as board chair in 2022). First it was PCs and CPUs, as AMD over time stole market share from once-dominant Intel $NASDAQ:INTC. Next AMD focused on gaming, GPUs and the data center. Now the company is taking aim at generative AI, once again doggedly pursuing an industry giant (NVDA) that has a big lead -- and an even bigger reputation. The game afoot only grows more complex, and the technology more advanced as time goes on. AMD’s Fundamentals As for fundamentals, AMD still has two months until it reports results for the current quarter in late October. Last month, the company posted second-quarter earnings that beat the Street on both the top and adjusted bottom lines, with 9% year-over-year sales growth. For the current quarter, the Street currently expects to see 32% year-on-year earnings growth and 16% revenue gains. If achieved, the results could represent AMD’s hottest quarter for sales growth since 2022, as well as its best earnings growth in even longer than that. Of course, AMD’s data center will have to lead if that’s going to happen, and Wall Street would like to see the company’s gap with Nvidia close just a bit among the firm’s higher-tech chips. AMD’s Technicals In the meantime, what might AMD’s chart tell us? Let’s take a look at where things stood as of Tuesday: The chart above shows a so-called “falling wedge” pattern, which historically denotes a bullish reversal. This pattern began back in March and continues to the present. Readers will also note that AMD has just retaken its 50-Day Simple Moving Average (the blue line in the chart above) and is now trying to retake its 200-day Simple Moving Average (the red line) as well. That makes the 200-Day SMA the stock’s current pivot point -- $156.78 as of Tuesday. In support of this set-up, AMD has a Relative Strength Index reading of 60, as denoted by the gray line above. That’s strong but not technically overbought, and is still rising in the chart above. We also have a Daily Moving Average Convergence/Divergence indicator (MACD) where the histogram of AMD’s 9-Day Exponential Moving Average (or “EMA,” denoted by the blue bars at the bottom of the chart above) is already in positive territory. Meanwhile, AMD’s 12-day EMA (the black line above) has already crossed over the 26-Day EMA (the gold line). This crossover is typically a bullish sign, and would mean even more if the two averages were already in positive territory to go along with the stock’s positive 9-Day EMA. That's not very far from happening. Perhaps a push above the 200-Day SMA would bring in some capital if portfolio managers felt forced to increase their exposure. (Full disclosure: Moomoo Markets Commentator Stephen Guilfoyle was long both AMD and NVDA at the time of writing this column.) This article 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. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
NASDAQ:AMD
by moomoo
2
Nvidia Q2 2024 Earnings PreviewAI Juggernaut Nvidia’s highly anticipated Q2 2024 earnings report is just one week away, scheduled for release after the market closes on Thursday, 29 August, at 6.20 am (AEST). Q2 performance expectations Revenue: $28.544 billion Revenue growth: 211.31% year-on-year (YoY) Earnings per share (EPS): $0.64. Highlights of the previous quarter Expectations are high for Nvidia’s Q2 earnings, given the company’s leadership in several key growth markets. Over the past year, Nvidia has experienced significant demand across various end markets, driven primarily by data centres and gaming. In data centres, the adoption of AI and machine learning has propelled strong sales of Nvidia’s specialised GPUs and networking products. Additionally, the company has benefited from shifting enterprise workloads to the cloud. NVidia’s gaming segment continues to thrive, supported by the rise of eSports, game streaming services, and blockbuster game releases optimised for NVIDIA hardware. What to expect Nvidia’s data centre segment, which includes sales of GPUs, networking gear, and AI software, is expected to grow further as major hyperscale customers like Amazon AWS, Microsoft Azure, and Alphabet GCP increasingly adopt Nvidia chips for AI workloads. Ongoing demand for Nvidia’s latest GPUs for gaming and creative applications is anticipated to remain a key driver of revenue growth. Nvidia’s automotive computing platforms are gaining traction with more electric and autonomous vehicle manufacturers, further boosting demand for the company’s chips. Additionally, the company’s Omniverse 3D simulation platform has seen triple-digit customer growth over the past year, indicating potential future gains in enterprise software. Potential challenges to watch for Supply chain constraints: while improving, may still limit upside potential. If foundry and component shortages persist, Nvidia might struggle to meet elevated demand, which could disappoint investors. A slowdown in the PC market: due to challenging macroeconomic conditions may weaken performance in the graphics segment, dampening overall earnings growth. Economic uncertainty: could also curb business spending if conditions deteriorate, disproportionately affecting Nvidia's data centre and enterprise segments. Increasing competition: from companies like AMD and Intel, which are also investing heavily in AI-focused chips, along with big tech and automotive firms developing their own AI chips, could potentially reduce demand for Nvidia’s offerings. Despite these risks, Wall Street remains bullish on Nvidia stock heading into the Q2 earnings report. Investors are focused on Nvidia’s long-term potential in AI, high-performance computing, autonomous vehicles, and the metaverse. Success in these areas is expected to drive share price momentum post-earnings. Nvidia Technical Analysis Nvidia’s share price is up over 159% year-to-date and has almost fully recovered its 35% drop from June to August. The recovery puts Nvidia’s all-time high of $140.76 firmly in focus in the lead-up to next week's earnings, with a sustained break above here opening the way for a push towards $150. On the downside, there is a strong band of support at $100 before the $90.69 low of early August. Not far below here resides the 200-day moving average at $85.26.
NASDAQ:NVDA
by IG_com
3