Shorting NVDA. Try #2!If at first you don't succeed....
Traders,
You know I tried this once already. Got stopped out for a loss and honestly, I've been annoyed since. So yeah, this is kind of an revenge trade. Not a good example of how you should trade kids. But again, this is all for your entertainment anyways as I've said all along.
Anywho. Here we are at the bottom of my channel. Patent retest!
Also, I've redrawn the H&S neckline in a way that does not show confirmation on the daily. That right shoulder looks wonky (sometimes it does), but still appears to be forming. Am I a product of my own confirmation bias. Probably. Time will tell.
30%+ Potential profit on this trade.
$460 Entry
$317 Target
$480 SL
7/1 RRR
Def not fin advice.
LFG!
Stewdamus
Nvda_analysis
HPE and Nvidia Team Up for Full Stack Generative AI SolutionHewlett Packard Enterprise (HPE) and Nvidia, two industry giants renowned for their cutting-edge technologies, have joined forces to build a groundbreaking full stack generative AI solution. This collaboration is set to revolutionize the way we approach AI, opening up new realms of possibilities and transforming industries across the globe.
By combining HPE's expertise in high-performance computing and data center solutions with Nvidia's unmatched prowess in AI and accelerated computing, this dynamic partnership promises to deliver an all-encompassing AI infrastructure that is both powerful and efficient. The full stack generative AI solution will empower businesses to unlock the true potential of AI, enabling them to develop innovative applications, drive operational efficiencies, and gain a competitive edge in today's fast-paced market.
This remarkable collaboration signifies a major milestone in the AI landscape, as it brings together the best of both worlds. HPE's deep-rooted experience in delivering scalable infrastructure solutions, coupled with Nvidia's groundbreaking GPU technology, will create a synergy that is simply unparalleled. Together, they will pave the way for groundbreaking advancements in AI research, development, and deployment.
Now, you may be wondering, "How can I be a part of this exciting development?" Well, as an astute trader, you understand the value of seizing opportunities at the right time. Nvidia, being at the forefront of AI innovation, is poised for remarkable growth as a result of this collaboration. Therefore, I encourage you to consider adding Nvidia to your portfolio, as it has the potential to benefit significantly from this game-changing partnership.
As we witness the birth of a transformative full stack generative AI solution, it is crucial to stay ahead of the curve and invest wisely. By positioning yourself strategically, you can potentially reap substantial rewards in the coming months and years.
So, let's embark on this exhilarating journey together! Take a moment to evaluate the potential of Nvidia and consider adding it to your trading portfolio. As always, thorough research and analysis are key to making informed decisions, so ensure you carefully assess the opportunities and risks involved.
If you have any questions or require further information, please do not hesitate comment below. I am here to assist you in any way I can.
Wishing you an exciting and prosperous trading journey!
Above 459 we go up to new highs, below high chance we see $400We're getting alternation between an almost indistinguishable wave 2 and this current wave 4. However, if we breach 459, then we have declined lower than .50% of wave 2 and 3, and although we have NO overlap, the chances are high we are no longer dealing with a wave 4.
Therefore I will keep this simple, above 459 and we go higher to complete this larger pattern. Below 459 and I'm 75%/25% on price heading to 400 in a larger wave 4 flat.
Starting Coverage on Nivida (NVDA)Starting with the big picture containing all the price action within Trading View charts.
Based on fib extension levels my long-term green labeled count is my primary. Purple is an alternative, but again, based on fib extensions levels it seems unlikely that purple is the optimal long-term count. Nonetheless, in either scenario, we should be entering a period of sustained downside that even in my alternative count will last years.
I will drill down into the daily and the micro patterns to get at a top for v of V of 5 of (1)
Nvidia Maintains Lead in AI MarketNvidia's strategy of expanding into cloud services aims to reinforce its market position. The company's financial health is robust, with profit margins nearing 25%, significantly outpacing AMD's 4%. This stark contrast in profitability underlines why Nvidia may continue to be a more attractive investment option compared to AMD. Despite projections hinting at AMD's faster growth in 2024, Nvidia is expected to hold onto its leadership position.
Tech giants and investors are closely watching these developments. who holds positions in both AMD and Nvidia as well as other tech firms like Microsoft, Amazon, and Intel (NASDAQ:INTC), considers his investment in AMD as a strategic hedge against his larger stake in Nvidia. Meanwhile, Meta Platforms (NASDAQ:META) has opted not to challenge Nvidia's GPU capabilities for AI tasks, further cementing Nvidia's dominance in the market.
As the AI revolution demands more processing power, both companies are likely to remain critical players. However, for now, Nvidia's combined hardware-software offerings give it an edge reminiscent of Intel’s past market dominance but with the added leverage of being a crucial software provider akin to Microsoft.
NVDA ~ Snapshot TA (Daily / Nov 2023)NASDAQ:NVDA chart mapping/analysis.
Breakout/bullish price momentum pushing higher within an ascending parallel channel (green).
Bull target(s)
Golden Pocker Fib
Ascending trend-line resistance (white dotted)
78.6% Fib (+1)
Bear target(s)
50% Fib (+1)
Descending trend-line support (white dotted) aka "return to scene of crime"
38.2% Fib (+1)
Underlying gap fill (~423.81) + lower range of ascending parallel channel (green) confluence support zone
23.6% Fib (+1)
Lower range of ascending parallel channel (light blue) + gap fill (~306.01) confluence support zone
ANALYSIS ON NVDADear Investors and Traders,
I'm sharing with you this analysis on NVDA to let you know that the price will come down after the squeeze it made in October, if you're holding as an investor close your position and take your profits, and if you're trading there's no point of taking long trades on NVDA currently.
For further questions, don't hesitate to ask!
Nvidia (NVDA) -> Path Ahead Is ClearMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Nvidia.
After Nvidia - just a couple of months ago - perfectly retested the bottom support trendline of the rising channel at the $120 level Nvidia stock pumped more than 300% towards the upside.
We do have next resistance coming in at the $600 level and although Nvidia looks quite overextended, I do expect more bullish continuation to retest the upper channel trendline.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
NVDA - AnalysisNVDA
W1 - There is a double top, which may indicate a fall in price. After breaking through the trend line, the nearest target will be at level 345, if the price consolidates beyond the level of 401, it will be possible to consider a change in trend and in the global movement of the target to 269.83
The trend line may also be broken and the uptrend will continue
What can you expect?
Movement to levels 401 - 345.02 - further correction and formation of the next pattern is possible to understand the picture and how to act
Short
Targets – 401 - 374.59 - 345.02
Long-term perspective (retest needed\3rd wave) – targets 345.02 - 306.34 - 269.83
Long - will be considered when the situation changes.
NVIDIA AI MANUEVER 550$ MAXIMUMMore traders trap on this move on NVDA,
The deviation on previous high is trapping the buyers.
Now the sellers are trap too.
Real moves has make new trendline on daily.
The heatmap shows nothing burger or sellers being spotted.
Im expecting 550$ to its high. but Fibonacci at 161 percent since this move price would be 670$.
But im not expecting that high.
This idea base on both sellers and buyers deviation.
As we can see the bulls keep pushing its price.
If youre a shorts. wait for a deviation again. with lower high and LOwer Low to be made.
This is not a financial advice.
Follow for more
Generating Income from NVDA ConsolidationDescription
NVDA has seen consistent gains following the upside break of its descending intermediate trendline on 17JAN. Now it seems to have settled into a consolidation pattern (Ascending Triangle) following the event-related runaway gap up through an ATH on 25May. Ascending triangles represent a healthy demand for a stock with a planned distribution at a particular price, which appears to be 480, and now we are now seeing the second rejection of the upper boundary of the pattern @482.
At the same time, DIA, SPY and IXIC have all seen retests and rejections of their 50D EMAs today. In general, I expect the continued fall in the indexes to keep NVDA in consolidation, despite consistent earnings outperformance.
Technical Indicators to signal the entry:
Ascending Wedge upper boundary second rejection.
Technical Risk Factors:
MACD 12 over 26 bullish cross
The expected price is <482 until breakout of the pattern.
I will be using short dated call credit spreads to:
Limit upside risk while maintaining a neutral position
take advantage of skewed earnings IV
Call Credit Spread
Levels on Chart
SL: 482 / or a minor that does not reach the ascending trendline at the bottom of the pattern
PT: <482
TP: @ expirations
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
8/25 487.5C
SELL
8/25 482.5C
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Nvidia -> 100% New All Time Highs!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $750level.
You can see that Nvidia still looks a little bit overextended on the weekly timeframe but therefore I do expect the bullish momentum to continue for the next couple of weeks.
With the recent break and retest of the $470 daily structure zone, market structure on Nvidia is now back to bullish and it will just be a matter of days until Nvidia creates a new all time high.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NVIDIA - 200 DSMA and OBV Analysis An analysis of how the 200 DSMA and On Balance Volume can help us frame potential set ups for a Nvidia and what it might do next.
Bullish Case and Invalidation Level
Price is above the 200 DSMA at present and because we are breaking above a recent high on the OBV, this could signal higher highs for price similar to June 2020.
Invalidation Level: This bullish scenario can be invalidated if the OBV breaks below the lower resistance line, in which case we can then expect a revisit of 200 SMA.
Bearish Case subject to change of current trend
If we fall below the 200 DSMA or/and get rejected from the overhead OBV resistance line this would indicate a trend change to the downside and this would look similar to the Oct 2018 signal.
We could arguably be at a similar level to February 2020 (pre crash territory) which resulted in the orange handle price action in the prior cup and handle. A similar move would see use correct down to the 200 DSMA.
In terms of trading, the OBV would be your lead indicator here, if it breaks its trend to the down side breaching the lower resistance line I would exit the trade. Similarly if it holds and reaches higher towards the upper OBV resistance line I would sit on the trade until we reach the line, at which point you could reduce your position and take some profit, or wait for a confirmation of rejection from the overhead line, then de-risk. The point is, these OBV levels should be able to help you make your decision on the trade, it is ultimately your decision.
The chart is fascinating as current price action draws similarities to the Oct 2018 period, the Feb 2020 period and the June 2020 period, all of which were critical market moments. NVIDIA may be turning into a macro asset that can help us determine the overall market trend and direction.
Hope this helps
PUKA
NVDA: is the party over?NVDA put in a massive top with the explosive earning and guidance then fell as fast. Is it finally party over for NVDA? Well, it is way too early to call it dead. NVDA has been the strongest stock for the past few months and anyone holding it this year are massively in profit. So, it is very normal that people will take profit at this point of time. On the grand scheme of things, it doesn't seem like price is likely to fall below $400 right at this point. We have a 5 waves move down. I would like to see a 3 way move up and an additional 5 waves down to lower fib areas. This will still be very strong support area, despite a very large selloff. Buyers will come back as fast as they left and if price breaks upward again, then final destination could be at the mid $600s, $700s. Shorting opportunity will present itself if price break below $400. Until then, I am not shorting this crazy thing....
NVDA Falls Flat Today Following Big Market BeatAs we navigate these uncertain times, we must remain cautious and closely monitor the developments in NVDA and the broader stock market.
Unfortunately, NVDA witnessed a lackluster performance today, failing to maintain its momentum after the recent market rally. This decline may raise concerns and prompt us to reevaluate our trading strategies. While noting that a single day's performance does not determine the long-term trajectory is essential, it warrants closer observation.
Considering the current state of the general stock market, keeping a watchful eye on NVDA becomes even more imperative. As we witness increased volatility and potential market fluctuations, staying informed and making well-informed decisions is vital. By closely monitoring NVDA's performance, we can gain valuable insights into the market sentiment and potential trends.
Therefore, I encourage you to include NVDA in your watchlist and diligently track its movements. Keep an eye on the key indicators such as volume, price action, and any significant news or events that might impact the stock. Doing so, we can better navigate the volatile market conditions and make informed trading decisions.
Remember, caution is vital during uncertain times. While the market may present opportunities, it is crucial to approach them with a measured perspective. By staying informed about NVDA's performance and its correlation to the broader market, we can position ourselves to capitalize on potential opportunities or protect our portfolios from potential downturns.
In conclusion, I urge you to closely watch NVDA as it responds to the general stock market fluctuations. Take advantage of the tools and resources available to stay updated on the latest news, market trends, and expert opinions. We can navigate these challenging times more effectively by maintaining a cautious approach and being proactive in our analysis.
Nvidia's stock has been suppressed by the 4.618 on gold splitNvidia's stock has been suppressed by the 4.618 on gold split
This chart shows the weekly candle chart of Nvidia's stock in the past year. The graph overlays the bottom to top golden section of October 2022. As shown in the figure, the recent high point of Nvidia's stock has been suppressed by the 4.618 position on the gold split at the bottom of the figure! Due to NVIDIA's recent release of its second quarter financial report, its actual revenue was $13.51 billion, a year-on-year increase of 101%; Under non US GAAP, the net profit was $6.74 billion, a year-on-year increase of 422%, directly leading its stock to soar! However, it is not ruled out that there is a possibility of a bullish turn into a bearish turn. In the future, the 4.618 position on the bottom of the graph above the golden section can be used as the dividing line between bullish and bearish positions for Nvidia stocks!