FREE DOWNLOAD

The 5-minute mental check-in that helps you focus on the right things in trading and start winning more consistently, even if you are terrible at picking stocks!

NVDA Stock Prediction – Is it Still a Buy?

Listen to Our Podcast In Your Favorite Platform

All right, so welcome and thanks for joining me in this video today. What we’re going to do is take a look at Nvidia stock predictions and where will it go next. That is the big question. That’s what a lot of people wonder. If you’re on the bearish side, you’re probably wondering, “Oh crap, man, this thing’s going too high.” If you’re on the bullish side, you’re like, “Oh heck yeah, how high can it go? I wish it just goes up forever, right?” So that’s what we’re going to do. We’re going to check out Nvidia. I’m going to chat a little bit about the charts, the momentum on it, just because it’s a stock that’s kind of popular to discuss. And I’m talking about it, so anyways…

Overall Market Performance

If we look at just the overall what’s going on with this space right now, Nvidia is up a dollar 63. Not that much compared to some of the other companies like Apple, even Microsoft, are pushing higher. And that’s just because the stock has already had a pretty big run. AMD’s pulling back a little bit, but the market has been doing pretty well in general today. So it’s been pushing really high. If we look at a ton of these companies, you can see there’s Meta, Google, Intel, Apple, CRM, Adobe, PayPal, and many others. So anyway, in Nvidia, there’s a lot of news going on with Nvidia.

Nvidia Stock Analysis

If we go ahead and check out just the Nvidia column here, basically, how much would Nvidia be worth today? Stock spikes, explodes after guidance. There are some people that are dumping the shares, and that is typical when a stock powers higher so quickly. It’s normal for big insiders to dump the shares. Now, remember when you see big numbers that they’re dumping the shares down below or even on some of these news reports over here, it’s really they probably still have a lot of Nvidia stock. It’s just that they might be unloading twenty percent, fifty percent of what they’re holdings and something to that effect. So I don’t think that just because somebody’s selling that they’re still now short or don’t like the stock. It just means, “Hey, I’ll take some profits.” So if you had, let’s say, a thousand bucks, now it’s ten thousand bucks. “Hey, you know what, put some in your pocket and then move on,” right?

Chart Analysis

So anyway, as we look into Nvidia, we go into the chart here. I’m gonna go ahead and go over a couple of things in here. But why don’t you go ahead and give me your insight and idea. What are your thoughts on Nvidia? Is it overhyped or still a buy for the long term?

Chart Analysis Continued

If we’re looking at the chart here, you can see this chart, you know, it’s pushing higher quite a bit. We did get a little pullback almost to the hundred, now it’s at 400. So if you were buying up down here at those levels and now way up, you’re way up here, so you’re kind of laughing to some degree. I wasn’t that smart to make that decision, but, you know, we’ve been playing it to the upside here and there. So anyway, as we look into this stock right now, one of the key things to watch as you’re always looking into these companies is to watch the volume. Now, the volume is critical. And if you’re watching the volume, you can see volume has picked up after earnings right here. And volume is also picking up again after that big pop. So oftentimes, the gaps do get filled. In this case, will it get filled? Maybe, maybe not. I’d say the further it keeps going, the less likely it is to get filled. It’s kind of the same thing that happened back here, as you’ll see. If the gap continues or the stock price continues, it runs away, that gap is less likely to get filled because now buyers are all over the place to fill in other areas of support, and it creates other areas of support and resistance. So if we continue to keep holding this for the next month or two, it may be less likely to get filled. And that means that stock could continue moving and pushing into higher prices. So that’s something to kind of watch out for and pay attention to.

Emotional Factors and Caution

The one thing I will note is that people do get a little bit euphoric on companies like this. And when you go ahead and see that, “Hey, this stock is amazing. This stock’s got AI going on.” It can continue to push that. It’s like, “I want to buy more. I want to keep getting into it.” Now, from the long perspective, that’s also not good because sometimes people get too euphoric. And just like back here, you get euphoria, and then it just starts tanking, and then it pulls back, and then you get into panic mode. So be careful. Yeah, it’s doing well now, but you know, be logical, reasonable, and yeah, it could pull back quite quickly because the stock is pumped up a bit to the upside. I’ve seen it with things like CRM right here. It gets pumped up, and then it gets pulled back. I mean, you look at Meta, it was up here, boom, and tanked, and now it’s coming back a bit. So many companies, they do this type of movement. It’s just right now, at this moment, the stock is pushing higher prices. And when you really look at it and think about it, it is a little more like cryptocurrency because AI discussions are as emotional as cryptocurrencies were years ago. So this is also pushing those things into higher prices. So for the time being, we are pushing higher, but there’s so much discussion about AI that maybe once those things settle down and the dust settles, things might pull back or at least stabilize and move sideways. So my point being here is for the time being, the stock is powerful.

Key Considerations and Risk Management

Looking at also ABCD patterns, you’ve got an A to B, B to C, and possible C to D, which means much further higher prices. You’ve got volume coming in, so this is also good news, which could mean that it is a massive buying opportunity still. But if you hold on to it too long or the stock does get stretched, be careful because there could be some sad times ahead for a pullback. So don’t overleverage yourself. If you’ve got, let’s say, $100,000, don’t put $99,000 of it into one spot. Spread your money, spread your capital, and manage your risk accordingly.

Conclusion

So anyway, thank you so much for joining me. Feel free to post a comment like some of these folks here. Let me know what you think about AI stocks in general, Nvidia, and whatnot, and we can check it out. And then feel free to check out some of the other good things and freebies I have on the website or check out our Traders Fly YouTube channel as well. Thanks again, and I will see you next time.

In this class we will focus at looking at the technicals, learning about charts, how to check for support resistance, strength of the move, indicators, understanding price movements, ABCD patterns, and more! Ready to take your technical analysis to the next level? ​

In this live class, you will learn the right way to trade single options. You will learn how to choose which single options to buy, how to reduce the theta problem, and how to create a rocket strategy to trading single options.

If you wanted to learn the ins and outs to adjusting options, this session will go in detail about how to adjust your options trades. We will cover different ways to adjust, how to adjust, different methods, pros and cons, and what to do as positions go against you.

Ready to Learn Profitable

Strategies to Trade Stocks?

If you are serious to learn how to trade stocks more profitably, make more money, and trade with confidence...

Then sign up to get our free educational videos!

FREE NEWSLETTER

Get Access to All Secret Files & Libraries for FREE!

To get access to all of my freebies, enter your email below & I will send you a list of all my freebies!

ALL FREEBIES

4575

BUYING OR BUILDING A

TRADING COMPUTER

In this FREE video series we cover exactly what kind of trading computer or workstation you should buy or build. From the number of monitors to the processor and more! 

FREE MINI COURSE

Reaching $1,000,000
in The Stock Market!

Want to see for yourself how long it will take you to reach $1,000,000 based on your personal return? Then download my Excel cheatsheet for FREE to see and play with the numbers!

FREE SPREADSHEET

5 DIFFERENT IRON

CONDOR SETUPS

In this free video, I'll show you 5 powerful iron condor setups & strategies you can use!

FREE VIDEO

FREE 20 MIN CALL WITH SASHA

Want to work with Sasha for 3+ months & learn how to trade options the right way?

DISCOVERY CALL!

To get started, enter your email address and we will send you details on how to book your session!

NEW TO OPTIONS TRADING?

Unlock the World of Trading Options in just 4 Weeks, with our FREE Options Trading

for Beginners Mini Course.

FREE MINI COURSE

HOW TO SELL

OPTION PUTS

Maximize your profits by mastering the art of selling option puts with our free mini course!

FREE MINI COURSE!

How to Trade

Covered Calls

Learn how to make Weekly and Monthly Income by Trading Covered Calls, with our new mini-course!

FREE MINI COURSE!

OPTION TRADING GEEKS CHEATSHEET

Download my options greeks worksheet and I will also send you 6+ other freebies as well!

Enter your email below to get the secret link.

3 POWERFUL OPTION

VERTICAL STRATEGIES

Discover 3 super powerful vertical

strategies & how to set them up!

FREE VIDEO

THINKORSWIM

OPTIONS PLATFORM

Learn to see how I personally use the ThinkorSwim platform to trading options and what are some of the tips and tricks to using this platform efficiently!

VIDEO TRAINING

Top 15 Dividend Stocks for Retirement in 2023

Download our list of the best stocks for retirement. Simply enter your email address below to get the PDF!

HOW TO FIND

HOT STOCKS!

Get the free checklist to help you find

the best stocks to trade, quick & easy!

FREE CHECKLIST

4608

OPTION STRATEGIES

Enter your email address below and get access to our video strategy session on 25+ option strategies and how to set them up!

25