Why CES will raise Nividia higher and buy on when it falls to bollinger band

Optionspuppy
2024-01-11


We can see every time when nividia goes to middle or bottom of the bollinger band it bounces so buying there have some level or safety 






🚀 **Technical Breakout Could Propel Prices Higher** 🚀

🌐 *Source: TradingView*

📉 In the first week of 2024, U.S. stock market indices took a breather after a strong 2023 rally, awaiting signals from the Federal Reserve on interest rate cuts.

📉 The Nasdaq-100 index dipped by 5%

in 2024, impacting tech giants like NVIDIA, which soared in 2023 due to AI chip success.

🚀 At CES 2024, NVIDIA unveiled new GPUs, AI tools, aligning with their vision to lead in the AI space.

📈 NVIDIA's shares surged over the past four days, breaking resistance at $505.48, signaling a bullish momentum.

📊 *Graph of stock market* (Description automatically generated)

📈 The breakout suggests potential short to medium-term gains, with an upside target between $580 and $600.

💹 With a market cap exceeding $1.33 trillion, NVIDIA is a global semiconductor leader, drawing investor interest in 2024$NVIDIA Corp(NVDA)$  

📈 Growth investors eye NVIDIA for its strategic position in the booming AI GPU market, aligning with increasing demand for powerful hardware.

💼 As AI applications rise, Nvidia's tailored chips position the company as a key player in the growing market of generative AI apps on PCs.

@Daily_Discussion @MillionaireTiger @TigerStars Do feature on why$NVIDIA Corp(NVDA)$  will continue to rise and where to entry 

Semi Rally: AI Hype to Next Level?
Nvidia stock jumped over 6% on January 8 after a series of announcements at Consumer Electronics Show (CES), which included new chips for generative AI technologies, PCs and gaming, and new partnerships. AMD stock was also up over 5%; the whole semiconductors sector closed green (SOXX +3.26%) ------------------------ [DISCUSSION] With Nvidia's share reaching a fresh all-time high, will it bring the AI hype to a new level? Is AI still the investing theme of 2024?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • MariaEvelina
    2024-01-11
    MariaEvelina
    Haha, "buy on when it falls to bollinger band"? Interesting strategy, my friend. I agree that CES could impact Nvidia's stock, but let's see if it plays out as expected. Happy trading!
  • LesleyNewman
    2024-01-11
    LesleyNewman
    Agreed! Gravitational gains! 🚀
Leave a comment
2
3