New Youtube Video: Analysis of META & MSFT prior to earnings – Wednesday 30th October

AAPL, AMZN & INTC report earnings after the close today. Detailed analysis of both these stocks using all our usual tools in TradingVision.

AMD & GOOGL report earnings after the close today. Detailed analysis of both these stocks using all our usual tools in TradingVision.

Both MCD & PYPL report earnings before the US Market Open tomorrow. Detailed analysis of these stocks using the tools in our TradingVision Charting & Analysis application.

NVDIA post their much anticipated earnings today after the close. Trading on Wall Street has been low volume and range bound thus far this week with traders likely cautious ahead of the Nvidia report. Nvidia is one of the mega cap players in the chipmaking industry and a key player in the artificial intelligence sector. This year alone the company has seen its shares jump by over 90% with a staggering growth rate of more than threefold in 2023. With such impressive gains, expectations are sky-high once again especially as its data-centre business continues to experience robust demand. Analysis of the charts suggest a degree of caution here with the RRG showing relative weakness in recent times. Cycles are suggestive of another push to the upside but this is likely to be in the near term only prior to a larger correction.

In this video analysis we take a look at the charts for NVDIA, RRG analysis, Cycles and Elliott Wave considerations as well as key support and resistance levels.

#NVDIA #USStockMarket #ElliottWaves #Fibonacci #CyclesAnalysis

The most anticipated earnings of the season are those from NVDA which will be reporting its results 20 minutes after the market closes today. They are expected to beat analysts estimates with consensus being for $0.74 per share on revenue of $32.81 billion which would represent 81% year on year revenue growth and is around the mid point of the company’s forward guidance provided last quarter.