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NVDA Set for a Rebound: Will It Hit $137.40 and Beyond?Hey, trading family! Today we’re diving into NVIDIA (NVDA) and its recent price action. Right now, we’re seeing a correction, but all eyes are on whether it can push back up toward that key resistance level of $137.40. Here’s what you need to watch: Downside risk: If NVDA continues to correct, there’s potential for it to drop below $132. If that happens, we could see the price head even lower, testing support around $128-$130. Keep an eye on these levels, as breaking below them could signal further downside. Upside potential: On the flip side, if NVDA finds support and buyers step in, we could see it climb toward $137.40. A strong move above this resistance could lead to a bigger breakout, setting the stage for a push higher. Stay tuned to how NVDA reacts around these key levels—this correction might just present a great opportunity, depending on how the market moves. If this helped, drop a comment or share your thoughts on NVDA’s next move!
NASDAQ:NVDA
by Mindbloome-Trading
Very Bullish on NVIDIA ! Point of Interest at $140.76 but wait..NVDA: Our point of interest is 140.76, and breaking this point would confirm a change of character (CHOCH) or a break of the main structure. But wait before that… We have three validations, one of which is extremely important and needs to be analyzed. The first validation is the break of the ascending channel. Whenever a candle completely exits the channel (body and wick), I consider it a 100% break. Here we have a candle that broke out with significant strength, and in the days that followed, it made a change of character or CHOCH, which is a break of the previous structure or previous swing. The second validation is that the 8 and 21 EMA lines show strong divergence. This means that the price has enough strength to continue moving upward. However, we have not yet seen any pullback. Remember that price cycles are distinguished by 3 movements: 1. Momentum 2. Pullback 3. Impulse We should always measure how much strength the price has by monitoring volume and the divergence of these two important EMAs. My third validation is that we are approaching their earnings report, which could create buying pressure for NVDA before the report, as previous reports have favored the stock and driven the price upward. BUT WAIT ! HOLD YOUR HORSES BEFORE THAT!!! We cannot ignore the order block I have around $134. Be cautious there, as it’s a zone where the price previously had significant liquidity. My prediction is that we may see a retracement before a strong push to our point of interest. Thank you for supporting my analysis. Best regards,
NASDAQ:NVDALong
by RocketMike111
NVDA Breakout or Rejection? Major Levels to Watch NVDA is at a make-or-break point, and it’s time to pay attention! 🔥 Key Resistance: 👉 $137 is the line in the sand! A breakout above $137.49 could send NVDA rocketing higher. 📈 Key Support: 👀 If the rejection happens here, look for price to drop into the $132-$133 zone, where fresh opportunities might open for the bears. 📉 📌 Keep these levels on your radar — it’s shaping up to be a high-volatility move! Are you ready to take advantage? 🌊 MB Trader
NASDAQ:NVDA
by Mindbloome-Trading
Nvidia's Stellar Surge: A Reflection of AI's AscendanceNvidia's meteoric rise in recent months is a testament to the burgeoning artificial intelligence (AI) revolution. As tech giants race to integrate AI into their products and services, the demand for Nvidia's high-performance computing chips has skyrocketed. The company's stock has surged by an impressive 25% in the past month alone, and it's on the brink of breaking its all-time high. Nvidia's dominance in the AI hardware market can be attributed to its cutting-edge graphics processing units (GPUs), which are ideally suited for the complex computations involved in AI tasks. These chips have proven to be indispensable for training and deploying large-scale AI models, such as those used in natural language processing, computer vision, and generative AI. As tech earnings season approaches, investors are closely watching Nvidia's performance. The company's financial results will provide valuable insights into the strength of demand for its products and the overall health of the AI market. Analysts are anticipating a strong earnings report, fueled by continued growth in data center sales and increasing adoption of Nvidia's AI solutions. One of the primary drivers of Nvidia's success has been the accelerated development of AI technologies by leading tech companies. Meta, Alphabet, Microsoft, Oracle, and OpenAI, among others, have been investing heavily in AI research and development. These companies are racing to introduce new AI-powered products and services, such as chatbots, virtual assistants, and generative AI tools. To support these initiatives, they require powerful hardware infrastructure, including Nvidia's GPUs. The growing demand for AI chips has created a significant opportunity for Nvidia. The company has been expanding its manufacturing capacity and investing in research and development to maintain its technological edge. Additionally, Nvidia has been exploring new markets, such as autonomous vehicles and healthcare, where AI is expected to play a crucial role. While Nvidia's future prospects appear promising, it's essential to acknowledge the potential risks and challenges that could impact the company's growth. These include intense competition from other chip manufacturers, fluctuations in the global semiconductor market, and the possibility of regulatory hurdles related to AI development. Despite these risks, Nvidia's strong market position and the increasing importance of AI suggest that the company is well-positioned to capitalize on the ongoing technological revolution. As AI continues to transform industries and society as a whole, Nvidia's high-performance computing chips are likely to remain a critical component of the AI ecosystem.
NASDAQ:NVDALong
by bryandowningqln
5
80% gains AMD/NVDA Pairs Trade: Best Level to BUY/HOLD AMD🔸Hello traders, today let's review 4hour price chart for AMD. Price structure is bullish inverted H*S setup with reload zone bulls near 150 usd, currently expecting rejection near overhead resistance. 🔸AMD is trailing behind NVDA so far this year, YTD gains of 17%, NVDA YTD gains at 167%. AMD is trailing behind NVDA massively and expecting mean reversion / catch up trade later in 2025. AMD market cap sits at 250 bln USD so it's an easy double from here. Fair value for AMD is 500 bln USD, NVDA is valued at 3 T right now, which is massive. 🔸Recommended strategy bulls: Bulls wait for rejection from overhead resistance to confirm IHS setup / near 175 usd and wait for pullback/correction into mirror S/R level at 150/155 USD. BUY/HOLD setup, SL fixed at 125 USD TP1 is 250 USD TP2 is 300 USD in 2025. This is a swing trade setup with 80%+ upside potential, naturally more patience required to hit targets. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:AMDLong
by ProjectSyndicate
29
NIVIDIA BULLISH 137 Here IS WHY ? MUST WATCH Morning Traders I throw the whole kitchen sink at this market from forks to fibs to projections and what we have is the following. We are either breaking up to the 137 range then we will see a nice deep 8-12 dollar retracement. Or we go to 137 and consolidate a touch then keep pushing up to th3 150's. Or we break 131.80 in our correction and then looking at levels of 130.64 as a point of entry for our long position up. Enjoy the video : like, comment, boost if you found this video helpful or give me your thoughts on where you see the market going MB trader Happy Trading
NASDAQ:NVDALong
by Mindbloome-Trading
4
NVIDIA"S Four-Hour Target 137's Good morning traders The market planned out into what our thesis originally was from ages ago ie we are hitting 137 range -138 max then seeing a correction of some sort or we blow through this level up and keep going to 150's In this video I am most certainly long and feel lets look for a correction at the 137's between 8-12 dollars. If this doesn't happen dont fret then we will be reanalyzing the market to 150's and possibly beyond.... Thanks for watching, if you like the video, hate it or have another thesis share away in the comments section below Happy trading and lets keep riding those waves MB Trader
NASDAQ:NVDA
by Mindbloome-Trading
NVIDIA $NVDA | NVIDIA WEDGE BREAKOUT SOON - Sep. 20th, 2024NVIDIA NASDAQ:NVDA | NVIDIA BREAKOUT SOON - Sep. 20th, 2024 BUY/LONG ZONE (GREEN): $118.25 - $130.00 DO NOT TRADE/DNT ZONE (WHITE): $114.75 - $118.25 SELL/SHORT ZONE (RED): $103.75 - $114.75 (can be extended to $92.00) Weekly: Bullish Daily: Bullish 4H: Bullish NASDAQ:NVDA looks choppy and very ranging, but is consolidating towards a zone that has been tested roughly seven times. Bulls should be looking for price to pinch and breakout above $118.25 towards the $130.00 price area, or bears can look for price to pinch and breakdown below the $114.75 level towards the $103.75 area. Bears can also look for price to drop to the $92.00 area that had started the previous bull rally. Despite my three main timeframes indicating a bullish trend, I would be happy with a fast move in either direction. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility, NASDAQ:NVDA , AMEX:SPY , nvidia, nvidiapricetarget, nvdatrend, nvidiatrend, nvdasetup, nvidialongs, nvidiashorts, NYSE:SNOW , nvdawedge, wedgepattern,
NASDAQ:NVDA
by TonyAiello
4
NVDA: The Next Inflection Point! (D&W charts)Since our last study on NVDA, the price has successfully held above its critical support points, and we now see a good recovery. The “Above the Stomach” pattern that we identified last month has been triggered, and NVDA is now looking for its next resistance levels. The link to our previous analysis is below this post, as usual. Daily Chart (Left): Higher Highs and Higher Lows: The price is forming a series of higher highs and higher lows, which is a classic bullish trend pattern. This suggests strong upward momentum, with buyers stepping in at each retracement. Resistance Level at $131.26: The next key resistance level is $131.26. This price point coincides with a previous peak and also aligns with a broader resistance zone observed on both timeframes (D and W charts). If the bullish momentum continues, the price could retest $131.26, and even if it materializes a pullback to the 21-day EMA wouldn't ruin the bullish sentiment. Weekly Chart (Right): Above the Stomach Pattern: The weekly chart shows a recent bullish reversal pattern known as "Above the Stomach." This pattern, which we deascribed in our previous analysis, suggests a potential shift from bearish to bullish sentiment. Pivot Point at $131.26: The $131.26 area has been highlighted as a pivot point on the weekly timeframe, representing a key decision zone. A successful breakout and close above this level would likely trigger a more significant rally. Ascending Channel: NVDA is trading within an ascending channel, maintaining its bullish trajectory. The lower boundary of the channel has acted as reliable support, suggesting that the long-term trend remains intact as long as the channel is respected. Conclusion: NVDA is showing strong bullish signs, supported by the formation of higher highs and lows on the daily chart and the validation of a bullish reversal pattern on the weekly chart. The main level to watch is $131.26, as a breakout above this point could accelerate the rally. For those seeking a longer-term perspective, maintaining the trend within the ascending channel is crucial. If $131.26 is broken, the next potential target could be the ATH.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra