NVIDIA I expect an up move to the short zone NVIDIA I expect an up move to the short zone and then a down move to take profit 1 and then to the target
Nvda_short
NVDA Reaches Key $940 Resistance, Monitor for Strong RejectionAfter NASDAQ:NVDA managed to beat extremely high earnings expectations, I made a post-earnings analysis video discussing how NVDA has the potential to reach this strong resistance level around $940. Just a few short weeks later and NVDA has already risen to this price target. I think this will be extremely strong resistance, and I have concerns that NVDA could have a strong rejection and pullback here. The Magnificent 7 is quickly deteriorating with AAPL, GOOGL, and TSLA already showing a lot of weakness. I think if NVDA starts a strong downtrend here this could spell a lot of trouble for the U.S. stock market.
I gave an important NASDAQ:NVDA update about NVDA approaching a key resistance target. This yellow trendline is sloped upwards and increases over time. I said $920s as my price target earlier and in previous updates. There has been a slight increase to $940-942. This will be an extremely important price target to monitor for NVDA and the U.S. stock market.
The RSI is overbought and the conditions are good for a pullback. For the record, I have not been shorting NVDA and I think shorting NVDA has been a bad idea throughout this bullish rally. However, this strong resistance level is an interesting price target for me to consider shorting.
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
NVDADear Traders,
expecting trend to remain bearish for short time. Targeting 350 region. Thank you.
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.
Short NVDA againShort NVDA again, I honestly think we see a significant correction here from a technical perspective. Not sure whos buying here. Being very cations of short stop runs like the one we just had yesterday. Went 60% short at the open today at $444.32. 4 hr candies are beautiful. Not advise. Plan to walk it down with stops and see what happens. Not advise
Short NVDAShort NVDA, made some $ on a short a few weeks ago but got stopped out a few times also. Slight loss on my NVDA trades last few weeks but am starting to short again here. Not Advise.
Forgot to publish this beautiful NVDA diamondShorted the diamond, it played out beautifully. Always trade a diamond on a timeframe 4h or longer, long or short.
Short NVDAJust a matter of time. Lots of people hiding in this stock, they will sell. Nibbling at shorts, tight stop. Will get stopped but eventually I wont get stopped with size. Not advise.
NVDA SHORT NVDA is short as per the levels shown in horizontal lines -
pls manage proper stoploss as swinghigh +0.30% .
small smalll build up the qtys .
NVDA hitting weekly and monthly resistance nowWe talked about the price to target another 30% when it was around 200 based on the structure. The price has now hit that zone of 263. Now that completes the inverse H&S setup we saw and talked about when price was around 200. Now a weekly as well as a monthly resistance are sitting around this area (260-280) as well. This has a potential to push the price down. It is favorable to offload any long position here and wait for the price action to guide the next step.
NVDANot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
NVDA is in downtrendNVDA is in downtrend pattern so a good time to short. Stoploss is previous LH. Entry point will be when it comes high and them make after making first bearish candle.
NVDA Nvidia Buy NowAccording to my chart analysis , NVDA Nvidia Show strong signal to buy , buy max as you can . wave five !
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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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
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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: Back up the truck at 230The structure for NVDA is becoming more clear. It looks like we have one final low to make to about the 230 region to fill the gap. At that juncture, I will "back up the truck". Very bullish setup moving forward.
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 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.
ANALYZE: NVDAafter breakthrough the strong support line, high probability to the trend go down to test the support line
ORDER: BUYHigh probability the trend go up to test vwap after a cumulation plus test support line and makeup spring box and pull up
