NVDA - Swing Trade Idea NVIDIA (NVDA) is gradually recovering after the recent sharp sell-off. We saw a structural shift with the recapture of the X-POC (Xtructure Changing Starting Point) around $102.50, where buyers stepped in, forming a high-volume node (HVN).
Following the X-POC recovery, NVDA gapped up, closing above this level and establishing a new point of control (POC) with significant volume at $105.
Today, NVDA opened strong but, as anticipated, encountered resistance just before the N-POC at $110.61. Bears took control, driving the price back down to the previous day’s POC at $105.
The key for the rest of the day is maintaining a close above $105. Ideally, closing above $107.10 (today’s POC) would strengthen the bullish case. However, if we see further declines, the critical support remains at the $102.50 X-POC.
Looking ahead, tomorrow's CPI report will likely set the tone for the FOMC meeting next Wednesday, potentially clearing the path for a return to all-time highs. For now, bulls need to break through the $110.61 N-POC and hold above it. If achieved, we could see rapid movement towards the $118 POC, with resistance expected before reaching the final target at the $126 N-POC.
NVDA
NVIDIA: Weekly To 30 Minute: Correcting where are we going up? Good morning Traders
Here is my video analysis on NVIDIA at the moment. Have a review and let me know what you think.
The main areas of concern are: 108 and 110 if we break those levels I dont see why the market cant go to 114 range.
Any questions, comments, ideas, want me to share more ideas on any topic let me know.
The trend is your friend and lastly we dont predict the market we follow it.
MB Trader
NVDA showing signs of a reversalNVDA broke under neath major support level friday over fears of recession looming then reversed course Monday.
breaks through downward resistance trend
breaks back above major long term support
RSI shows strong turn around
One down side is volume is slightly decreasing during the turn around. Not a clincher, just noting it.
We are now seeing a number of good signals that NVDA is reversing course and getting ready for a turn around.
Nvidia Go Bye Bye | Short or Take Profits Whenever news commentators feel the need to interview a CEO, and hail the CEO as some kind of benevolent "hero of the people", that is a pretty good indicator that something is awry.
The same applies for rampant social media hype.
At the end of the day, the chart & the macro backdrop tell the real story.
NASDAQ:NVDA will collapse from here. Don't bother trying to buy any time soon, you will only be hurting yourself; this thing, along with the broader market has some significant adjusting (downward) to work through.
NVDIA Is disaster just ahead of us?NVIDIA corporation (NVDA) is on a 3-month pull-back, the first it had on a 1M basis since September - October 2023. The latter was simply a mid-Bull consolidation phase within the wider picture of a Channel Up pattern that started almost 10 years ago.
The price is pulling-back from the Channel's top (Higher Highs trend-line) and if the 1M MACD forms a Bearish Cross, we should be preparing for a cyclical correction within the pattern which in the previous two times (November 2021 and October 2018 tops) it corrected back to the 1M MA50 (blue trend-line) to form a bottom.
The Nov 2021 top was formed exactly at the time of the 1M MACD Bearish Cross, while the October 2018 top was formed 10 months after. If this is a 3-year Cycle then in October or November (2024) we should really see the extent of the correction. If not then this might be another Mid-bull consolidation and we may have (roughly) another 10-12 months before this Cycle tops.
What do you think it's going to be??
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NVIDIA Q2 2024 earnings report BULLISH??? Price is currently trading -6% post market after their Q2 2024 earning report has just been released.
There is a Bloomberg interview with CEO Jensen Huang in 45 minutes from now (6:30pm New York).
Price action wise tomorrow’s daily close will be key. If we close below $123 then more than likely we will be in for a retrace toward $110 - $100 which might be a great long entry area.
NO TRADE and stand by for now.
Strong Analysis on NVIDIA (NVDA)Hey traders, let's break down what's happening with NVIDIA (NVDA) and how I'm approaching this setup.
As you can see on the chart, we had a pretty solid uptrend that got me excited for a while. The green Heikin Ashi candles were flowing nicely, indicating strong bullish momentum. But now, we’ve hit an interesting point where things are taking a turn.
Key Resistance Area
First up, there’s a key resistance zone around $128. It’s no surprise that the price started pulling back right after touching that area—it’s been tested multiple times before, and once again, the bulls struggled to break through. I marked this zone on the chart with an orange box to emphasize how critical it is. It’s like a ceiling that NVDA just can’t seem to smash.
The Pullback
Now, as the price started to dip from that resistance, I noticed a pullback that’s pretty significant. This is where I’m keeping an eye on a potential reversal or further downside action. The sell-off is accelerating, and it’s getting close to an important support zone between $90 and $96.
Support Zone
Here’s the good part: I’ve highlighted a major demand zone between $90 and $96. This area has held up in the past and acted as a solid floor for the price to bounce off. I marked it with a purple box so I don’t miss the opportunity to potentially buy back in if the price bounces.
What’s Next?
For me, the plan is straightforward: I’m waiting for the price to approach the support zone. If we get bullish signals (like a strong green candle or price action reversal), I’ll consider taking a long position with my stop just below the zone. On the flip side, if it breaks below $90, that’s my signal to step back and wait for a clearer direction.
Right now, it’s all about patience. I want to see if the support holds, and if it does, that’s where I’m ready to act. If you’re watching NVDA like me, keep an eye on these levels—this is where the action is happening.
Happy trading, and let’s see how this plays out!
HEY INVESTOR! Nvidia below $100 is an absolute buy! check it outLet's welcome NVDA to our weekend analysis!
In this analysis, we're primarily focusing on two resistances that the price formed several months ago, which consequently created a gap later on, the price came back to test our blue area, which we'll call our "gap zone."
The price has been fluctuating in a bearish sequence; however, it has not yet reached our point #4 to complete the sequence we've been observing for the past few days.
If the price complete the sequence and reaches our point #4, we're looking an excellent buying opportunity below 100 dollars.
The trend is still bearish, but there are two factors that may suggest a short-term trend reversal:
First , the price has already touched our gap zone, and second , the dividend date is approaching, during which many accumulate shares to receive the dividend and then sell, leading to increased volatility for Nvidia in the coming days.
Just remember, Nvidia's intrinsic value may be positioned below 98 dollars, but if you're looking at it for the long term, this price shouldn't concern you at all.
Best wishes for success in your trading and investment!
Thankyou for supporting my analysis
Best Regards
Is there an AI bubble around the corner?Are semi conductors forming a rounded top or will they bounce on the trend support line? If you are even asking yourself if this is a serious question you are probably already late. get your calls asap. don't wait for the trend line support bc semi conductors are leading the way into AI. looking at the 265 calls sept 27 at the open on monday...
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NVDA at a major inflection pointNVDA sold dramatically recently and now trading at a major key support level.
Major support line being tested
Need to wait and see if NVDA will break through to cause more selling or bounce off.
If the uptrend does not provide enough support we will be looking at 96.00 roughly for next support
NVDA is in a neutral zone right now. It could bounce off the current trend and rally or sell through to the next support. Best to wait and see where it goes for the moment.
NVDA may form a bat harmonic within a pennant.NASDAQ:NVDA is potentially forming a bullish bat variation of the Gartley harmonic, within a pennant on the four-hour chart. As long as the earnings low at point B is maintained, there is potential for a reversal to point C next week, corresponding to the upper trendline from all-time highs.
Applied Digital Surges 64% on $160 Million Funding DealIntroduction
Applied Digital (NASDAQ: NASDAQ:APLD ), a prominent player in the data center and digital infrastructure space, has recently made headlines with a 65% surge in its stock price, following a major funding deal. The company secured $160 million from a group of investors, including tech giant Nvidia, positioning it as a significant force in the AI and High-Performance Computing (HPC) landscape. This article delves into the technical and fundamental aspects driving Applied Digital’s stock, exploring the implications of the financing deal and the company’s growth outlook.
Strengthening Financial Position
1. Strategic Financing to Fuel Growth
Applied Digital’s recent $160 million funding round is a significant vote of confidence from investors, including Nvidia, a leader in AI technology, and Related Companies, a major real estate firm specializing in complex infrastructure. This influx of capital strengthens Applied Digital’s financial position, enabling it to expand its data center operations and cloud solutions. The company aims to become a major player in the AI and HPC sectors by enhancing its capacity and infrastructure.
2. Record-Setting Developments
Applied Digital’s focus on building advanced data centers tailored for AI workloads sets it apart from competitors. The company is developing one of the world’s largest data centers and plans to add an additional 300MW of data center capacity. Leveraging cutting-edge technologies such as closed-loop liquid cooling and stranded power sources, Applied Digital aims to deliver hyper-efficient platforms optimized for demanding AI and HPC workloads.
3. Strong Partnerships and Market Position
The partnership with Nvidia, which extends beyond investment to technological collaboration, solidifies Applied Digital’s standing as a preferred cloud partner for AI projects. This relationship enhances the company's ability to attract hyperscale clients and secure a competitive edge in a market constrained by limited power and space.
4. Addressing Losses with Strategic Growth
Despite a 52% drop in its stock price this year due to higher expenses related to new facilities and equipment, Applied Digital is now poised for recovery. The company’s investment in infrastructure is expected to generate significant revenue in the future, especially as demand for AI-driven solutions grows.
5. Private Placement and Financial Resilience
Applied Digital ( NASDAQ:APLD ) issued approximately 49 million shares at $3.24 each in a private placement, aligning with its closing price on September 4. This pricing strategy indicates investor confidence in the company’s future potential. The raised capital will not only bolster Applied Digital’s balance sheet but also support its ongoing and future projects, allowing the company to maintain its rapid pace of growth.
Stock Performance and Market Reactions
1. Breakout Rally Post-Funding News
Applied Digital’s stock experienced a dramatic 65% spike, reaching its highest level in over a month. The surge reflects investor optimism following the funding announcement, which signals robust future growth prospects. This sharp increase also suggests a possible trend reversal, as the stock had been under pressure due to previous financial setbacks.
2. Support and Resistance Levels
After the announcement, Applied Digital's stock broke through key resistance levels, with the next significant barrier around $6.50. The stock’s momentum could push it further, especially if it sustains above its previous support levels of around $3.24, which also aligns with the private placement price. A sustained rally above these levels may signal continued bullish sentiment and potential long-term upside.
3. Volume Surge and Bullish Indicators
The recent price action was accompanied by a surge in trading volume, indicating strong investor interest. Key technical indicators such as the Relative Strength Index (RSI) and Moving Averages are showing bullish signals. The RSI is approaching overbought territory, suggesting strong buying momentum, while the stock’s price is trading above its 50-day and 100-day moving averages, indicating a positive trend.
4. Potential Pullback and Risk Factors
While the stock's recent rally is promising, investors should be cautious of potential pullbacks, especially given the stock's prior volatility. The broader market conditions and any shifts in investor sentiment towards AI-related stocks could impact Applied Digital’s price movement. Additionally, the company’s execution of its growth strategy will be critical in maintaining its upward trajectory.
Outlook: Positioning for AI-Driven Future
Applied Digital’s strategic positioning in the AI and HPC sectors, backed by a robust financial deal, has set the stage for transformative growth. The company’s partnership with Nvidia and other key investors provides not just capital but also strategic advantages that align with the surging demand for AI infrastructure. With a clear roadmap to expand its data center capacity and enhance its technological capabilities, Applied Digital is well-positioned to capitalize on the AI boom.
Investors should keep a close watch on Applied Digital’s execution of its ambitious projects and its ability to turn its infrastructure investments into revenue. The recent funding deal and subsequent market reaction are clear indicators that the company is on a promising path, poised to redefine the digital infrastructure landscape for AI and HPC applications.
NVDA: Correction PhaseHello everyone,😉
I’ve put a scenario for the stock 'NVDA' together, which is currently drawing attention.
This scenario is based on not only the "Elliott Wave Theory" but also various analytical tools, so please take it into high consideration.
✔️ Wave from $140.76 downward: "Extended Flat"
This is an 'Extended Flat' composed of a 3-3-5 structure. The final C wave was completed as an 'Extended fifth wave impulse.'
✔️ Wave from $90.69 upward: "Zigzag"
This is a 'Zigzag' with a 5-3-5 structure. The A wave and C wave have a 1.618 ratio, which adds a high level of credibility.
✔️ Conclusion: Projected Path
Based on the wave count so far, I’ve drawn the projected path. I anticipate the appearance of a downward impulse wave and used the downward parallel channel and Fibonacci levels to estimate the potential decline range.
First support zone: $100.03
Second support zone: $84.57 (very strong)
Good luck!
This is not a buy or sell recommendation.
It is a personal perspective and should be used for reference only.
All decisions and responsibilities are yours.
Where will $Nvida drop to?
First of all, Nvidia is moving in a medium term downtrend, and on the way to lower low.
so we could see that the important support area would be previous low area, which share the same level with previous high volume candle.
In this case, traders who want to buy may need to wait for a better buy timing!
Nvidia's $279 Billion Slide: What It Means for Jensen HuangNvidia CEO Jensen Huang has seen his fortune plummet, crashing out of the $100 billion club after Nvidia’s stock tumbled nearly 10% on Tuesday. The sell-off slashed $9.9 billion from Huang’s net worth, dropping it to $94.9 billion. Despite this, Huang remains one of the biggest winners in the AI boom, adding $51 billion to his wealth this year alone as demand for Nvidia’s AI chips skyrockets.
The Root Causes
The dramatic fall in Nvidia’s stock was part of a broader chip sector sell-off, sparked by reports that the U.S. Department of Justice is ramping up an antitrust investigation into the company. Subpoenas sent to Nvidia signal escalating scrutiny into whether the chipmaker has been limiting competition by restricting its clients’ ability to switch to other suppliers.
Adding to the pressure, the latest U.S. manufacturing data indicated a slowdown, stoking fears about the broader economic outlook. The Institute for Supply Management reported moderate contraction in factory activity in August, leading to a market-wide sell-off. Nvidia, heavily tied to the AI hype, was one of the hardest-hit stocks.
Bearish Sentiment Weighs on Stock
Nvidia's stock is now trading near key support levels, with Tuesday’s sell-off marking the largest one-day drop in market value for a U.S. company. Technically, Nvidia’s RSI (Relative Strength Index) dipped below 40, signaling oversold conditions, but also indicating that bearish momentum could continue. The stock’s 50-day moving average sits precariously close, and a breach below could trigger further declines.
Despite this setback, Nvidia remains up 118% year-to-date, driven by its dominant position in the AI chip market. Investors have been pricing in exponential growth, which may take longer to materialize, especially given the regulatory headwinds.
What’s Next for Nvidia and Jensen Huang?
Nvidia’s meteoric rise since the AI boom in late 2022, fueled by the success of ChatGPT and other large language models, is facing its biggest test yet. While Huang’s net worth has taken a significant hit, Nvidia still plays a critical role in the AI ecosystem. The company's strategic pivot from video gaming to AI has paid off massively, but increased competition and regulatory scrutiny could challenge its dominance.
As Nvidia ( NASDAQ:NVDA ) navigates these turbulent waters, investors will be watching closely for further developments in the antitrust investigation and any signs of stabilization in the broader market. With Nvidia's future closely tied to AI’s evolution, the coming months could be crucial in determining whether this is a temporary setback or a sign of deeper issues.
In the short term, technical indicators suggest caution, but Nvidia’s strong fundamentals and continued innovation in AI could offer a lifeline. For now, the chip giant's journey remains one to watch as it tries to bounce back from this historic slide.