$NVDA Bounce for puts🔸️Ticker Symbol: $NVDA timeframe: 15M 🔸️Bearish Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: With the expectation that we will get a bit of a bounce in the markets on Tues, following the end of last week selloff; maybe NVDA will follow suit and find some strength into the higher Order Block around 139.13-139.45. With the bearish sentiment leveraged into this next week; I'd expect to see a rally into the Order Block level and rejection to create a LL swing beneath 132.70; this set up is short term, and could happen as early as Tue.
Strictly using Trendsi ATS/ Dashboard/ Regression Channel; we are currently sitting neutral, with MM from the dashboard moving higher; which indicates money coming in to push price higher; at least in the short term.. but come Tue, I will be looking to execute an intraday trade/ swing puts on NVDA if price runs into the 15 minute order block.
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Nvda_analysis
NVIDIA Long Term BuyNvidia back at a all time LOW + DEMAND zone price previously, violently reacted too on multiple occasions along side an INVERSE HEAD & SHOULDERS pattern that corresponds with the demand zone. News recently dropped price pretty nicely which should catch the eye of investors because who does'nt love a discount? Im looking at this for long term and short term but mainly long term hold due to the risk to reward that the demand zone gives us. NVDA is an extremely valuable business that manufactures GPU's that major consumer brands like Amazon, Facebook, Google and Tesla rely on which means the future is nothing short of blindingly bright for them. Also, taking into account their biggest competitors are AMD & INTEL, they have no room for slowing down anytime soon. Investing is risky, nothing is 100%.
NVDA daily wolfe wave setup over the weekend tradeThere is a daily wolfe wave setup. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 184 which is expected to reach this price target before August 24 or before earnings. There is also a gap at 181 with a 50 day moving average at 164. I own the July 22 contracts 165c @ 1.35
NVDA Technical analysisLooking at the price action, I can see that it has clean breakout and retested.
Two scenarios I am considering
IF retest hold then It might grind up to 160 . I will taking calls if todays high get hold
If breakout failed then it will be epic fail
I am leaning toward the bullish bias because it has bullish divergence too .
NVDA - Continued Bearish SentimentBack in March, I estimated that NVDA had topped out and I was estimating that it would retreat back to approximately $100 - Well, it would appear we've cut a significant amount of value off the stock price and markets are continuing to dive.
What next?
From this juncture, I believe July is possibly going to be bullish, but I will continue looking for shorts. I am not interested in getting any long term options on NVDA right now and anything options related would likely be a day trade (which I've been killing recently). I will be looking to short the rips for now and it's possible we see a move up to $200 before any more significant downside. For what its worth, we closed last week right on the 200 WEEKLY Exponential moving average (which is at 142.90). The 200 simple moving average is at about $121. Both of these should offer some kind of support. NVDA hasn't traded below these two important moving averages since late 2013.
But the markets are dying!
If you're in the worst case scenario camp, you can reasonably expect NVDA to revisit the lows from 2020 and a move down to about $50 is on the table, though I am not that bearish.
NVIDIA - key support FAILEDNVIDIA
Short Term
We look to Sell at 159.72 (stop at 170.83)
Our bespoke support of 156.00 has been clearly broken. Preferred trade is to sell into rallies. Rallies continue to attract sellers. There is scope for mild buying at the open but gains should be limited. Continued downward momentum from 174.40 resulted in the pair posting net daily losses yesterday.
Our profit targets will be 126.78 and 119.10
Resistance: 156.00 / 196.00 / 210.00
Support: 150.00 / 126.00 / 120.00
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$NVDA ahead of earnings - how to play it with options$NVDA reports earnings next week. The chip manufacturer had a poor performance in the past few months as its stock price halved. Expectations are quite low going into the report. The chart is getting very tight. In case of a beat, we may witness a disproportional move to the upside. The first big resistance area is $200-210. We bought some $185 calls for this binary event. Never take stock into earnings in order to avoid possible big drops. In case we have a pre-earnings rally, we will look to create a spread by selling the $200 calls.
NVIDIA: Fangs still down!!NVIDIA
Short Term - We look to Sell at 179.80 (stop at 197.51)
The primary trend remains bearish. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected.
Our profit targets will be 141.02 and 130.00
Resistance: 180.00 / 190.00 / 200.00
Support: 170.00 / 160.00 / 150.00
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