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NVIDIA

Market Opportunities - 12/01/2021

12 January, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NVIDIA weekly uptrend opportunity based On 1.00 Lot Calculation:

  • Nvidia Corporation is an American multinational technology company. It designs graphics processing units for the gaming and professional markets, as well as system on chip units for the mobile computing and automotive market. Nvidia focuses on PC graphics, graphics processing units (GPU) and also on AI.
  • CES 2021 started yesterday on January 11. CES is the most influential tech event in the world where the world's biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Nvidia's scheduled time is today on January 12 at 5 PM (GMT) and it is going to announce its GeForce RTX 30 Mobility GPUs. We have already seen the GeForce RTX 3080, GeForce RT 3070 and the GeForce RTX 3060 appear in several leaks and even listed online in various laptop configurations. New Nvidia RTX 3050 and RTX 3080 Ti should provide most realistic ray-traced graphics and cutting- edge AI features.
  • Nvidia has partnered with NIO in the development of the next generation of automated vehicles. Nvidia's Drive Orin system-on-a-chip (SoC) will be harnessed to power the next rollout of smart EVs, due for release in 2022.
  • In September, NVDA announced its acquisition of Arm Limited from Softbank SFTBY for $40 billion. Arm is one of the most important behind-the-scenes companies in the market. It designs and licenses the basic blueprints of chips that consume the least amount of energy, which are used in roughly 90% of the world's smartphones. The biggest chip deal in history faces a tough regulatory approval process in the U.S., China, and the U.K.

Nvidia, January 12, 2021
Current Price: 541.82

NVIDIA

Weekly

Trend direction

UP

Resistance 3

648.16

Resistance 2

614.01

Resistance 1

584.47

Support 1

500.38

Support 2

472.29

Support 3

438.39

Example of calculation base on weekly trend direction for 1.00 Lot*

NVIDIA

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

106,340.00

72,190.00

42,650.00

-41,440.00

-69,530.00

-103,430.00

Profit or loss in €**

87,476.56

59,384.36

35,084.40

-34,089.04

-57,196.21

-85,082.75

Profit or loss in £**

78,476.81

53,274.79

31,474.85

-30,581.90

-51,311.76

-76,329.29

Profit or loss in C$**

135,547.34

92,017.71

54,364.25

-52,821.91

-88,627.11

-131,838.08

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 08:20 (GMT) 12/01/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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