NVDA BEARISH WOLFE WAVE DAILYThere is a bearish wolfe wave setup on the daily time frame that triggered last week Dec 3, 2021. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the red perforated line, as shown in the chart. The projected target is approx 180 which is represents a 5 standard deviation move. We do not believe NVDA will reach this level in the short term; however, it is probable that NVDA can take out some gaps that have been left open post run-up. Closest gap target is 267. If this tgt were to be achieved, I would expect it to sell off to 267 and lower Dec 14.
Nvda_analysis
NVDA: The Stock that Never Goes Down.Nvidia usually goes up around 3-5% per day, even 17% yesterday, and there is absolutely no reason why it shouldn’t continue to do so.
Heavy institutional buying is expected to catch every dip, but it is rather unlikely this stock will experience dips at all.
Elliott wave:
NVDA is unique in that it only has impulse waves 3, but no corrective waves 2/4. Therefore we are currently trading in the everlasting wave (iii) of 3 to the upside.
Gann:
In W.D. Gann’s book “Tunnel Thru the Air” we find a hidden instruction how to trade NVDA, which is to yolo call options whenever Saturn and Jupiter form a 90 degree angle after new moon, or any other angle, or at any other time.
Supports: 300, 299, 298, 297, etc.
Resistance: none
Correlations:
NVDA is correlated with QQQ in an uptrend, and when QQQ is in a downtrend then NVDA is inversely correlated to QQQ.
Fundamentals:
As the Metaverse is expected to replace planet earth after climate collapse, NVDA is well positioned to supply the necessary GPU, since our new existence is best enjoyed in high resolution.
NVDA price currently experiences exponential growth, which is extremely sustainable and can only accelerate, per all the laws of physics.
When Mark Douglas writes “the stock market is an everlasting stream of opportunities”, what he meant was actually the NVDA stock, but this appears to be a well-kept secret of institutional players.
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Disclaimer: The above analysis is for educational purpose only (lol) and not financial advice. Obviously it is satire, but I better mention it.
NVIDIA LONGThere was a rise in media consumption during the Covid Pandemic. Game and Electronic sports has grown immensely and Gaming PC's are more flexible and powerful than any console, therefore people that want to participate in gaming will migrate more towards Gaming PC which is where NVIDIA comes in. "inventor of the GPU, which creates interactive graphics on laptops".
Trust me graphics and performance are everything in gaming.
The Technical view would be that price has made a 79% retracement into a Bullish Orderblock , which is a discount array in ICT terms. Following the Orderflow, that is a reasonable price to look for a buy
Nvidia Stock projection after the drop Hello everyone, as we all know the market action discounts everything :)
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Nvidia Stock starting push back up after the drop caused by the Evergrande problems where we see the stock pushing from 206.27 up to 225.34 in 3 days, That's almost a 10% increase in a very short period of time.
NVDA has an average volume of 26045000. This is a good sign as it is always nice to have a liquid stock.
Both The Long-term trend and Short-term trends are looking positive.
Possible Scenarios for the market :
Scenario 1 :
The market has reached the first resistance line located at 224.58 but a breakout didn't happen yet, Looking at how the trend is moving we should be seeing a breakout soon that will jack the stock price up and the first stop this stock is doing will be at the second resistance at 229.58 where it might have some push back from the Bears that could drive the price back to the 224.58 level, After reaching that point the Bulls will pull up and gather buy power to push the market to the 237.66 level.
Scenario 2 :
The market has reached the first resistance line located at 224.58, The Bears could step in and take control and drop the price here to show the Bulls that it's not gonna be easy for them to gain control which will lead the price dropping to the first support level at 214.42 where the battle over control will happen with Good chances of Bulls winning which will be the start of the push to the 237.66 level
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 58.86 showing good strength in the market. No divergence has been found between the indicator and the market
3) The Stoch is in the upper end of the middle zone showing good momentum, With a positive crossover between the %K (78.31) and %D (52.83)
Daily Support & Resistance points :
support Resistance
1) 214.42 1) 224.58
2) 209.42 2) 229.58
3) 206.84 3) 233.65
Fundamental point of view :
When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 84% of all stocks and NVDA has a Return On Assets of 18.32%. This is amongst the best returns in the industry NVDA outperforms 88% of its industry peers.
The Earnings Per Share has grown by an impressive 80.78% over the past year.
"One of the reasons the stock is moving up can be seen in the Indicator column. The stock received a boost in its price target from Bank of America on Sept. 17, 2021. If NVDA stock reaches that price target it would be a gain of over 25% from the consensus price target. Bank of America may be reacting to Nvidia’s push to become seen as more than just a chip company and is spending over $1 billion on research and development to support that aim." According to Marketbeat
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
NVDA CHANNEL SUPPORT , POSSIBLE LONGNVDA is in a bullish uptrend momentum. Stochastic oversold give us an opportunity to enter near to 50 EMA used as support many times. Also 50 EMA coincides with a channel support created after the breakout of resistance at $ 207,34. ADX is above 21 suggesting that the trend is still strong. Moreover the channel support coincides with the 50% Fibonacci.
BUY ENTRY: $ 214.76
TAKE PROFIT: $ 229.54
TAKE PROFIT 2: $ 254.77
STOP LOSS: $ 201.59
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NOT FINANCIAL ADVICE
NVDA, Elliot Wave Theory: Analysis and StrategiesNvidia, is expected to present earning results today after market.
As undefined signs in the last days, I decided to make an Elliot wave analysis to check where we are at this point as this stock is long one for me.
I was surprised, scanning Fibonacchi’s on Elliot, that 3rd wave is exended.
No doubt as per fundamentals and innovation that this is a long term growth one. The thing now are its technicals to me, meanwhile we enter in a 4th wave, cost of opportunity is going to take an starring place.
Always taking in a dollars positions. Other countrys where money is not that robust one and or devaluated, shall be the same if your money is in an Elliot 4th wave for a long time or not. Also remember 4th could be not that 0.618 worse point but a 0.382 wich is not bad if your money devaluates less at that point. Then, 5th wave and your devaluation will be double key reasons to stay long.
Back in US dollars, think if you are in and the fourth wave takes place, two strategies come to mind: one is to stay into the 4th wave based on the fundamentals and innovation drivers of this stock, and also accumulate to catch the 5th wave, that well prepared. The the other strategie of these two is just stay out until the 5th takes place if you have a better one to invest, repurchasing when the 5th wave starts, only if you feel good at time management without losing the opportunity cost.
Conclusions> if fundamentals and innovation remain strong, there seems to be no room to lose for this growth investing.
If you are not there and the fourth wave takes place, you will have enough time to buy it.
I hope you like this analysis and it is useful for you.
Invest at your own risk.
NVDA BreakoutNVDA is primed for a bullish breakout. The squeeze indicator is displaying a shift to bullish momentum, while the oscillator is about to display a ema crossover, allowing for a preempted play to the bullish side. Not only do we have two indications of bullishness, but we also have a stacked ema allowing for a great bull squeeze.
Bullish Signals
-Squeeze indicator
-Oscillator crossover
-Stacked ema
Weekly Support
-1st 194
-2nd 180
$NVDA STILL BULLISH (WHILE OVERBOUGHT)Tracking NASDAQ:NVDA to determine is this too good to be true towards the upcoming July 1:4 Split and earnings?
Well, the Stochastic has a word here. Although overbought, %K crosses over %D telling us there´s still fuel there.
It´s true that volume has been decreasing but its still decent.
Also, check the Squeeze Momentum to find a second "green hill" in the histogram forming (not in my graphic but you can check).
Consistent with Stochastic, MACD Line remains above Signal.
Stop Loss @ Fibonacci 0.236 ($753.14)
Take Profit @ 7% ($939.41) (conservative deal perhaps)
Cheers to my UTN friends @RIPato @patriciopastor_ @cheland @grunwergc @gerdomeniconi @ferrespinoza @d0118-0002
NVDA getting ready for the earnings report
All eyes will be on Nvidia NVDA to report its Q1 results next week on Wednesday. The stock is down 12% over the last month, However, it seems that the stock is preparing for a probable trend reversal getting ready for the earnings report.
Prices could hit $590 and $600 respectively.
NVDA reviewDescription :
As you can see, it is located in a regular and ascending wedge and has a downward trend line in its heart.
It can be predicted that after decreasing to the wedge floor, then expect the downward trend line to break and climb to the wedge ceiling, so we must wait for the downward trend line break or reach the wedge floor.