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Nvda_analysis

NVDA channel.We see a long-term channel (purple lines). It started in 2016. In October 2018, it was broken. Then the "Diamond" model was formed. And the growth began until March 2020. Then the price of April 2020 pushed off from the support of the "diamond" and took a course sharply up to rejoin the old purple trend. Today we are near the trend resistance, the peak growth is limited to $620-630 and the stabilization in the range of $605-615 at best. In the worst case, close to the day of the report, the price will draw something similar to the "Double Top" model and, breaking through the "neck" level, will go down to the support of the channel - to $525.
NASDAQ:NVDA
by Dr_Chester
2
NVDA CORRECTION MORE BEARS TO COMENvidia is pulling back, no prominent reason or news article that could have caused this, that leaves the next possible scenarios: - NVDA was rated overvalued by many analysts and is now drawing back - Covid market volatility is causing unpredictable movements - Upcoming US elections, many worry about the China tension According to the chart we are close to the first possible support. However if that level doesn't hold, next support line is only around $485. Yahoo Finance estimates a -21% pullback as an overvalued stock. That leaves us at roughly 418. eToro estimates a low of $400. However, the long term outlook is still positive. Monitor these 4 indicators to look out for a trend reversal and buy the dip as low as you can. Hit like if you found this helpful. Thanks, Ev
NASDAQ:NVDA
by BlockTechEv
NVDA Nvidia Exciting Upward Trend! NVDA (Nvidia) is an exciting stock to be in. Given their processing tech and the ability to branch into many cloud businesses such as gaming, processing, and storage, their technology has become a necessity, and demand consistently exceeds supply. I got into NVIDIA as a long-term growth play when it was trading at $360. The breakout above previous ATH with volume was an obvious signal to buy, along with STRONG fundamentals and macroeconomic environment making it a recipe for the next rocket. I don't typically buy into overbought stocks, but with the environment around stocks like TSLA and AAPL making it obvious a tech bubble was forming, it looked like a stock that wasn't getting as much attention yet given the news cycles were sparse, and product launches upcoming in Q4 were going to be great fodder for future growth. I played it right, and the stock went all the way up to $585, now in a correction pattern. Based on the Fib extensions and Elliot wave patterns, this is a very healthy growth stock with potential to shatter its ATH in the next 6 months. Disclaimer: I am not a professional and I draw charts for my own education and keeping track of my trades to know when to get in and when to get out. I'm always open to constructive feedback so feel free to share your thoughts in the comments. Thank you!
NASDAQ:NVDALong
by Shadowfigure
5
NVDA Short term pull back | Week #38Currently NVDA has pulled back from upper Bollinger Band in week #36. As of 09/11/20 RSI is 74.77 which is very elevated (or in over bought territory for charts that use reading above 70 as over bough). MACD is in long term uptrend with no crossover so this short term pull back is just investors / traders booking gains. Stock might find support at $425 since that was the ceiling which was reached multiple time in July and was broken in 1st week of Aug. If that doesn't act as support then next stop is $395 which is 161.8% fib retrenchment level which implies a further 18.82% downside from Friday (09/11/2020) close. (This analysis is just my point of view. Trading involves risk. Do your own research before trading)
NASDAQ:NVDAShort
by shahpriyank89
Nvidia Hits Major Resistance Level.AMD and NVDA are both hitting a top of channel Resistance on larger timeframes. I am looking at $460 for a potential short on nvidia. I will play a tight stop and see if it can break above the channel. If it did break above you would want to see it establish a new support level above old Resistance, then you could play it going up. But for now I will stick to the rules and look at this as a potential reversal. If sellers stepped up we could see a potential 20% retracement. Risk a little for a potential bigger move down. The spx500 is almost back to all time highs, I don't think we will blow right through. We could see some correction in the markets first, then we can see where we want to establish support. It will be an interesting month. Best of luck
NASDAQ:NVDA
by UnknownUnicorn2319099
7