Transcription
Hi, this is Kri Artech with Wicked Stocks, bringing you your daily Nvidia report for Friday, March 14th, 2025. Let's take a look at the charts.
I'm going to start with this weekly chart, and this really sort of underscores the big picture, both upside and downside. Now, we did test that targeted 10778. It had been an objective for some weeks, following the testing basically of the 13830 channel top, as you may recall. It was a slightly different structure at the time, but that is a good simulation of what happened. We tested the upper 130s, fell back to the targeted 10778. We've definitely tested that 10778 6-to-9-month channel bottom over the last couple of weeks. It's held pretty well, and as long as we close today above 10778, I see 13830 as a likely 3-to-5-week upside objective. So, you may have been bottom-picking 10778 over the last week or two, and if so, great; you're in good shape for expecting the upper 130s over the next 3 to 5 weeks.
I'm going to work my way up now on the daily chart. We did have the settlement a couple of days ago above the 1101 channel top. I just have that as a minor point. We're kind of finessing this right now. Um, I have 11223 as an intraday support level. If you look to the far right in the support resistance, that is the high of the low, and there's also a gap there that could be closed. So, 11223 solid intraday support, above which 11857 is likely. 11857 is a descending 1/3 Speed Line off that January high. I've used speed lines forever, for over 30 years. They are solid instruments for trend identification. My primary form of analysis is the channel structure 10776-13830, etc., but as a strong backup, 11857 is great; the 1/3 speed line for line studies or elements of resistance that I just can't find through the channel structure. So, 11857. We could trade inside the 11223 to 1857 area all day long, but if we push through or perhaps open above 11857, 12324 is in reach today, where a daily high can be placed.
Now, as you may recall, we've considered 12324 to be a 1-to-2-week objective anyway. Holding above 10776 when we put the low out earlier in the week, 12324 became the new rising 1/3, sorry, 38 Fibonacci, and so it's been an objective anyway. And in fact, as you may recall, it was the settlement earlier in the week above the 1101 channel top that has it as a 3-to-5-day target. Is it still a 3-to-5-day target if we continue upward? Certainly. If we happen to push through the 11857 Speed Line, yeah, maybe even today. But what if we fall back to 1101? You know, I think that kind of stalls the short-term bullish momentum out. We're then back into bottom-picking that 10776 area, and, um, you know, if we break 11223 today, we could test 10776 today, and of course, we've got the 1101 channel top, just a minor point.
So you can see here we've got it all laid out. If you break 11223, I think you can anticipate 10776. 10776 longer-term support, able to contain selling through April, quite possibly through the second quarter, and above which we are expecting the 13830 channel top over the next 3 to 5 weeks. If we have a big rally today and close above 12324, which is a long, long shot, but if so, we're just a couple of weeks away from reaching 13830, where profits can be taken on a long position established in the 107 handle earlier this week, and you can play the short side 3-to-5-week traders from 13830. I will say, and we don't have it mapped out here, but if you're holding above 10776, I've been mentioning how this could also be a good low through the second quarter into later year. Yes, we're expecting 13830 within 3 to 5 weeks, but this channel top at 15998 is in reach over the next several months, 2 to 3, 3 to 5 months, and yes, closing above 13830 would present 15998 as the next 3-to-5-week upside objective.
Downside, before I get into it, I want to mention that WickedStocks.com put out a stock pick on Thursday in Alphabet, the old Google symbol, GG. It's approaching a significant area that can absorb selling quite possibly through the second quarter. A nice rally could emerge if the pattern continues to play out from where we are right now as we move through the second quarter. And inversely, if we close below this particular point, we have a selloff into April. And I'll just have you look at that; go to WickedStocks.com, take advantage of our 5-day free trial. You'll see Alphabet that was put on Thursday, Home Depot on Tuesday, all the stock picks the last few weeks that are there to view, daily triple Q, daily SPY analysis, weekly Apple stock. Apple's also approaching a significant area. If you trade Apple, or if you're looking to trade or establish a position in Apple, you need to see our Apple analysis right now, also weekly S&P 500 and weekly NASDAQ 100 analysis. So go to WickedStocks.com and take advantage of that 5-day free trial.
So if we close today below 10776, buy a 1% margin, that's 10667 or lower, and that would be, you know, that would be almost a 10-point selloff. It's happened before, but I'm not expecting it today, but if it did, if we close today at 10667 or lower, I'm going with that as a sell signal that is likely to play out, um, into, actually through April. Trade now, of course, on the way down, we've got 10296, and this channel bottom did roughly contain selling pressures earlier in the week. Still a very respectable support level, and if you're reluctant to go short with a settlement below 1077, if you would rather wait for a settlement below 10296 for what I would call technical clarity on a longer-term sell signal, be my guest. I have no problem with that. If we do happen to close today not only below 10776 but below 10296, then I'm expecting 7689 over the next 1 to 2 months. Once again, depending on volatility, this could be a 2-to-3-week collapse; this could take the better part of 2 months. 7689 is 2-year channel support, able to contain selling through the rest of the year, and from here we can round higher as we move through the rest of the year. But I don't want to spend a lot of time there because I really don't think that's going to happen.
We've come off of 10778 nicely as the market, as the indexes, presumably the triple Q, over the next few days, over the next few weeks, carves out a long-term low. Perhaps Nvidia then has a kind of a green light for recovery. It may recover anyway. In fact, I was surprised, maybe you were as well, with the overall indexes, the triple Q especially, the NASDAQ 100 was getting hit hard, and Nvidia just hung in there, and so it did not sell off. It has defied the index, and if we push through 11857 today, 12324 in reach; if we break 11223, 10776 in reach. That's for day traders. I'm going to leave it alone. Um, that's all I've got. I will be back on Sunday, of course, with Monday's Nvidia report. Please click like, share, subscribe, and have a great weekend.