NVDA Stock - Is NVIDIA Finally Ready? (NVDA/AMD/TSM/AVGO)

Añadido: 2026-05-30

[00:00:01]Hey guys, what's up and welcome to a new Nvidia daily update video. So today, as usual, let's go over Nvidia. Let's go what is happening to Nvidia, what is happening to the market itself and what we can expect moving forward. But as usual guys, if you enjoy, don't forget to hit that like button. It does help a lot. I do appreciate it. This is not financial advice. Uh, and I'm not a financial adviser. But if you enjoy my technical analysis, I do share my thoughts with my members every single day, guys. as the market is open and trading. I'm there constantly updating uh charts, updates, options flow, all that good stuff for just three bucks a month. That's all it is, guys. Three bucks a month. Access to all my updates for Tesla and the broader market. Five bucks includes Nvidia or seven bucks is everything I post. I do updates on the MAX 7 regularly, other stocks in the market, giving you charts, you know, bullish, bearish setups, key levels to watch out for, etc. Um, essentially anything that I find that's, you know, worth sharing and mentioning in the market that's setting up nicely. You also get access to my private membership section on Discord for tier three members. We do chart reviews every single Sunday. So, there's a lot to love for just $7 uh USD a month. But nonetheless, jumping into Nvidia, closing the day up. Uh finally getting a nice green day here. Up8% on the day, closing at 21425.

[00:01:08]So, is the bottom in? Is Nvidia finally ready to go? Let's start off with the 1 hour here first. Uh and it's looking uh pretty pretty pretty good. Uh not too shabby, right? So, uh, we talked about yesterday how, you know, we're making lower lows, lower highs, lower lows, lower highs, especially the more recent movements here. And now we officially broke past this high over here. So, we did fresh set a fresh higher high. And now we could be setting a fresh higher low. So, there is potential. We could go a little bit lower, right? Can still maybe maybe even make our way down to 210. I take the Fibonacci here, go to up here, right? We, you know, there is room technically down to 210, but ideally we hold between 211 to 213, this region here, which we did already technically test. But now we want to just continue moving high. Now we want to take this higher high into the higher low and now start doing the exact opposite which is good. That is the first step I was looking for. And you know the bulls have arguably accomplish it today which is a nice site to see. Now on the daily though the daily is definitely looking very spicy. We have the SMI now curling and getting that crossover which is good right? Pretty much the same thing we saw here in the exact same scenario. Very similar, right? That's good. I'd like to see that we closed technically above the 21 exponential moving average. That's also good. But also more arguably more importantly we are also printing a bullish engulfing candle today right you know we closed not convincingly I might add but nonetheless still technically it we did close above yesterday's uh body candle we essentially engulfed it again not you know if you had to really zoom in to really see it but hey you know technically it is technically a bullish engulfing so that's good news so this is all signs essentially pointing to the fact that the bulls are they're definitely trying to step in here they're definitely trying to step in very nicely here and it starts to bid the stock back up and you know start to make it uh essentially go up and to the right ultimately right which is what we're looking for which is good again I still view this as a bullish retracement this is a higher low this is a massive falling wedge and Nvidia is probably my main focus in the semis right now because I think this is probably one of the more better riskreward setups in the semis right here right now I think TSM is also pretty good and uh ASML is also honestly not bad but uh Nvidia's again for a company for what it is it's a pretty fantastic riskreward short setup.

[00:03:16]Now, like I mentioned before, before we continue on the bullish aspect of things, if by the way, if we start losing and closing daily candles below 210 to 208 or lower, that does open up a move lower to about 203. Again, take the Fibonacci from down here, we are holding the the green uh the red Fibonacci at 210, which is good. This is very, very good. But like I said, if we start losing it and we start closing below that range, it does open up the green fibs pretty much at 203 give or take.

[00:03:41]So, just keep that in mind. That is a risk that is still present. Now what does what even further eliminates that risk to from you know potentially still being something that may happen right?

[00:03:53]This is the next step that you're looking for if you want invidia because these are the initial steps. This is good starts. It is a good start but we need follow-through. We need this to continue higher. We need even better confirmation. That even better confirmation would be a break above this upper trend line right here. Because again I still view this as being a massive falling wedge, right? Nice little tightness over here forming and I want to break out of it. What does that actually mean in English? That pretty much means even as early as tomorrow about 217 to 220ish that you know 2 $3 range we'll say right around here. Once we start breaking above it that's going to be looking quite fantastic almost like what we did here right again kind of the same thing what we did here more or less right it was kind of the same idea we broke above it and we continued with that followthrough. So, we're looking for something like that as well moving forward in this circumstances here. That will bring us to about the mid-220s pretty quickly. Above mid-220s, retest all-time highs. Above that, 240 and 260 are my upper targets on this name if it, you know, essentially gets that nice bid. Now, it is worth mentioning um Nvidia has nice bullish flow today. Not really sure what this could mean for Nvidia, but on SMH, if you're not aware what SMH is, SMH is essentially one of the indexes pretty much that uh just follows the semis, you know, kind of like SPY Q's. Think of this as being the QQQ but for semis. That's probably the best way of explaining it. Looks very bullish. But again, if there's any concern that I see, someone loaded like [laughter] quite a bit of SMH puts today. June 5th 550 puts.

[00:05:25]A lot of it there quite a bit. You can see for yourself. There's quite a bit of it. Again, I don't know what to make of it. We'll see. We know. Maybe it's a false alarm. Who knows? Again, I I I like to follow the charts. I follow whatever the charts are telling me. But just something worth, I guess, maybe putting on your radar. You know, there's there's quite a bit of it. Not sure what's up with that. Again, that doesn't mean Nvidia has to follow because again, it's an overall index, right? We can take a look at SMH top holdings and we can see I mean, I'm sure Nvidia is probably the biggest, but you know, it does hold other stocks. TSM, Intel, AMD, MU, TXN, right? So, there are other names that could be what brings it down.

[00:05:59]You know, Nvidia could be strong. And while the other names that were rocketing now instead maybe take a cool off while Nvidia and you know being that sort of um safer name in the semis because you know right now the euphoria is around like AMD, MU, SanDisk, you know like all these crazy ones going crazy. Um they're the more euphoric ones while Nvidia is kind of that, you know, slow and steady safer one arguably. You know what I mean? It could also be a theory that maybe, you know, money rotates out of those temporarily and it goes into Nvidia and that what you know that's it lines up pretty well with how Nvidia is looking. I I don't know. I don't have the answer to to why that looks the way it does on the options flow, but I figured I'd share regardless and you can do with that information what you see fits. But again, going strictly off the chart, I still think Nvidia looks great, especially above 208 2210.

[00:06:44]Uh AMD, so AMD is closing above 500. Uh very, very nice. We'll see how tomorrow goes. But the way I look at AMD is if this momentum can continue and again this is the much bigger picture right if we can close above 500 guys on the weekly time frame going into tomorrow.

[00:06:57]Tomorrow is going to be a big day for AMD. But if it can do that um you know that technically opens up uh the move to the next Fibonacci level which is going to be almost $700 per share all the way up here which sounds crazy but I mean you know so was this and you know crazy can get crazier in the market like this.

[00:07:13]Euphoria can get more euphoric um a lot longer than you ever thought possible.

[00:07:18]That's just it is what it is. I know it's crazy. It's it does seem crazy but it is what it is guys. It is what it is.

[00:07:23]Now that doesn't mean that oh just because that can happen you should just buy invid AMD here right now. I I do believe that buying AMD right here right now doesn't offer a fantastic riskreward because again you know even even if we just go to the daily you know when we had this little situation forming this breakout or this buying this false breakdown that's where that riskreward starts getting more enticing. We're near the EMAs. We're getting a breakouts.

[00:07:45]There's better confirmation. Whatever.

[00:07:47]Right? That's where that riskreward is getting very interesting. Right here, right now, there's nothing really forming that makes me interested that, oh, this is a great time to buy AMD right here, right now. Eh, not so much.

[00:07:56]I want to see more consolidation on this name. I want to see some kind of consolidation like we saw here form anywhere around this range with the 9 exponential moving average. Maybe even better, we'll be coming down to the 21 EMA, which will be back down to about the 460s potentially by the time they meet up together. But there's nothing really forming here on AMD. In my honest opinion, that makes me think, oh wow, this is a great time to buy. Eh, you know, this probably will take a bit more time to give us better clues, signs, if you will. Um, kind of like what we experienced here, you know, or even this little pullback that we saw here. You know, you're looking for these kind of situations. You're not looking to buy up here. Here you're chasing. Not financial advice, just my opinion. But obviously, each to their own. AVGL still looks um solid. You know, not really doing anything, but it doesn't doesn't look bearish. It definitely doesn't look bearish. It's just not doing anything.

[00:08:42]Maybe waiting for Nvidia to wake up since they still move somewhat similarly. But essentially, you're looking for this to essentially start breaking daily candles and closing daily candles above 435 to 440. Once we can start doing that and essentially turning this region back to support, that's that bull tri bullish trigger you're looking for. Worth mentioning earnings is coming up on this name on the 3rd of June next week, guys. So, that is important to take into consideration. Let's see how that goes. That can potentially affect the semiispace as well for better or for worse. So, let's continue watching for that. But whenever I see earnings this close, unless I'm in it for the long haul, I'm personally not interested, but good thing there's a lot of other names like Nvidia that are also looking not too shabby. And then, of course, my TSM.

[00:09:21]TSM fantastic stock. Uh, yeah, doing what AVGO wants to do, right? Broke above uh this range and it for two days now continuing to hold here. I do think it's on the weekly also getting a little extended, right? So, you know, it could see a bit more sideways consolidation up here. um you know sitting between pretty much the 410 or so region up to about the 430. I can I definitely expect some potentially continued consolidation as we set up maybe a bull flag or so, especially as the nine ema catches up a little bit closer to price, but that's what I'd be looking for right now. But ultimately, you want to see the 14s, if you will, continue being a nice support and any continued pullback as we get tighter, tighter, tighter, kind of like what we did back here. And from there, we can expand higher with the first target being 440 followed by 470 as the second targets. Nonetheless, thanks for watching. See you tomorrow.