Nvda_analysis
NVDA Wick RejectionChart Event: Wick Rejection of 38.2% Fib Retracement Level
Confluence: NVDA is sitting on top of a volume shelf with strong bullish order flow. Strong bullish divergence on lower timeframes.
Trade Idea: Above $272 I see continued upside, first target would be 50% fib level at $276.48 and second would be 61.8% fib level at $293. Below $260 I believe we should see a retracement to $246. I lean bearish on this stock in the short term despite the order flow and the wick rejection because there is deeply bearish order flow on the major indices, which are also experiencing hidden bearish divergence. Long term I am very bullish on NVDA, but I do not believe the price action can continue an upward trend without a slight pullback.
Contract Idea:
+65m break of $272: 4/1/22 275C. Currently at $5.25 but will be more by the time the call level triggers.
+65m break of $260: 4/1/22 250P. Currently at $4.00.
NVDA: Descending Triangle Break NVIDIA - Short Term - We look to Sell at 206.22 (stop at 217.69)
Further downside is expected, however, due to the strong support below we prefer to sell a break of 210.00, which will confirm the bearish sentiment. Closed below the 20-day EMA. Short term oscillators have turned negative. Follow through bearish momentum from 346.00 resulted in net losses.
Our profit targets will be 165.54 and 137.15
Resistance: 250.00 / 270.00 / 285.00
Support: 210.00 / 200.00 / 190.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NVDA downtrending to complete elliotEntry: 153
Target: 250
Invalidation: 128 ( I will not be putting invalidation level on my trade, since it's a strong company we should see a gain in price in a long term)
Pattern: 1-5 Elliot wave and full ABC correction, now we are wating for market to complete Elliot wave downwards and complete wxy combination. We should break the head and shoulders pattern, break in the right shoulder and retrace upwards to it and go back down to our demand zone where is our entry point.
Aroon: Shows gain in bearish momentum
Macd: Shows gain in bearish momentum
Fib zone: We are waiting for price to retrace to 61.8% fib zone (Reversal zone) and retrace to 50% fib zone (Target zone)
NVDA Short at Resistance SetupNVIDIA - Short Term - We look to Sell at 251.38 (stop at 266.57)
We look to sell rallies. 50 1day EMA is at 248.00. Trend line resistance is located at 252.00. Short term oscillators have turned negative. The daily chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 250.00, resulting in improved risk/reward.
Our profit targets will be 210.70 and 201.15
Resistance: 250.00 / 270.00 / 285.00
Support: 210.00 / 200.00 / 190.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NVDA Buy AreaI`ve noticed that from time to time NVDA does some intraday retracements from which it recovers.
If you want to buy the sell-off wicks, you can put buy orders between $198 and $215.
In this choppy market there are chances for NVDA to hit the support areas more often before going up again.
Looking forward to read your opinion about it.
NVIDIA to Sell-off? NVIDIA - Short Term - We look to Sell at 269.00 (stop at 291.43)
We look to sell rallies. Previous resistance located at 270.00. Previous support located at 210.00. Trading within a Bearish Channel formation. The daily chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 270.00, resulting in improved risk/reward.
Our profit targets will be 211.24 and 201.15
Resistance: 270.00 / 285.00 / 330.00
Support: 210.00 / 200.00 / 190.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$NVDA Watching closelyWe are in a different market now. We, as traders, must adapt in order to keep our business running. Brace yourself for a new era & a new beginning.
PUT thesis 💰 made me good money.
I still have a little bias that this would fail around this area. With Russia-Ukraine war, I don’t think NATO wouldn’t just sit there and look. It's going to be a headline driven market
Looking at VIX. Above 29-30+ = PUT
Below it would be choppy
below 27 I will enter long position.
Give the trade a time, 2-3 weeks out so theta wouldn’t eat your premiums.
NVDA PUT ThesisWith a close & hold above 274 we will see upside and possible NATHs. But with the current market right now: the Russia - Ukraine conflict, the inflation, and March right around the corner, I don't see the upside. But I see more reason for MMs and short to ride this with the media, on the downside.
Below 230, I see downside to 200
What are your thoughts?
NVIDA: Heading to 200Hello friends, here is a fresh NVDA update. The structure has become quite clear. NVDA should be heading to the 190-210 region. I find it most probable that it will bottom at 200, because that is where the .5 fib retracement lies from this larger degree move. After this, it should move towards 400+ through the rest of the year. Good luck traders :)
$NVDA price breakout targetwe will see a turning point for our price action , when we close 1h candle this time above 271$, other wise we will see the price drop to accumulate above the 225$, and hold above this support then retest the 271$ , to see a break out above the 300$.
if we didn't hold above our support this time above the 225$, we going to see a price going down near our next support above the 179$.
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tiny.one
NVDA Downtrend.Looks like in downtrend.
hoping to hit ~270 range to support the earnings and post which it would come to ~200 range.
May be in FEB last to March timeframe.
Somehow I have feeling during this transient bear market almost all scripts would hit pre-pandemic levels.
Note : Not an investment/trading advise. Please do you own DD.
NVDA: Set your buy orders for 235-240NVDA made a nice 5-wave move off the low, but now it is time to take a rest and digest some of the gains. We may still get one more small push up to the 270 level, but it is not worth chasing right now. The price target for this swing trade is 400+, which would translate to a 60-70% return by the end of the year.
NVDA: Bottom is Near NVDA finally starting to hit some demand around $208. I am a buyer from $200-$220 for commons and any retest of that area I will look for a bounce long.
Will need to get a feel that day about where we are at, but should be good for swings once we get one more touch this week down. Under $200 market is dropping to $4000 SPX.