Nvdalong
$NVDA Wave A Correction - $469 to $578 before $400$NVDA peaked with $588 where it was done with Elliot impulse waves 1-5. Now, it's in correction Wave A to the downside.
In Wave A, total 5 waves will be there and today done with Wave 1 from $588 to $469. Now, it'll resume Wave 2 to $578.
And in case market goes red on next week due to bad news then cannot rule out that Wave 1 can extend to $460-$400.
Good luck.
NVDA - 7.01% Potential Profit - Breakout + Bull FlagBe careful, this is an earning play. I don't usually trade on earning days, however, I have good reasons to believe that NVDA's call will be positive today. This, however, doesn't necessarily predict a good outcome. Be careful.
Bull flag formed, past a corridor breakout.
Target price set at new Resistance bounce.
- Strong Uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $492.07
Suggested Stop Loss $475.24
Target price $527.19
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NVDA - 8.32% Potential Profit - Resistance BreakoutBe mindful of earnings on the 19th of August.
Uptrend resistance breakout. There could be a short term pullback, but overall price is looking to establish a new uptrend corridor.
Target price set at a new potential resistance line from February's high.
- 5-month uptrend
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $475.83
Suggested Stop Loss $467.83
Target price $515.40
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
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
$NVDA Option Play | Earnings Continuation?$NVDA Technical Analysis & This Week's Option Play
Will NVDA hit $430?
NVDA Headlines:
Chip stocks in focus, as NVDA surpasses INTC
Nvidia gets Street-high price target on console catalyst
The Play:
- If we can hold this channel support expect to see $430-$435 within the next 2 weeks. We're looking to play the continuation into earnings.
NVDA $435 7/17 @ $300-350 per contract
or
NVDA $435 Call 7/24 @ $750-$800 per contract
If you can afford it, I personally prefer the 7/24 contract.
Do not trade this
DotcomJack
$NVDA Earnings Play | What's The Move NVDANvidia ($NVDA) Gains But Lags Market: What You Should Know
Technical Analysis Going Into Earnings | NASDAQ:NVDA
The Plays:
- Bullish Call: $400 Call 8/21 | Currently sitting at $1783 (preferably we will wait for a down day to enter) Thinking $400 will be a solid sell wall.
- Bearish Put (entry late August): $350 Put 12/18 |Patience will pay
My standpoint on NVDA is rather bullish , sitting up 20% from pre-covid highs. If we breakout, we will look to play the continuation without a strong set target.
Zooming out we can see a iffy rising wedge formed, will this be enough to contain the beast & send it down?
(rising wedge: formed 391 days ago)
Quick News Updates:
NVDA will be looking to display strength as it nears its next earnings release. In that report, analysts expect NVDA to post earnings of $1.95 per share. This would mark year-over-year growth of 57.26%. Meanwhile, our latest consensus estimate is calling for revenue of $3.65 billion, up 41.71% from the prior-year quarter.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.66% higher within the past month. NVDA is currently a Zacks Rank #2 (Buy).
NVIDIA still generates the largest share of its revenue from gaming, but it's no longer just a gaming company. It's applied its expertise in computing power to data centers, a key component of the red-hot cloud computing space, and to the market for artificial intelligence (AI).
DotcomJack | DM Always Open
Do not trade this, I am not a trained professional nor am I a financial advisor
BUY NVDA 06.07.2020Hello traders, as we seen sense 2000 the market is growing and growing, that's really amazing, and volatility as well, so next month we will have only bullish trade be sure about that, in probabilities of 90%. the price will reach the R line, till then i will put analyses about what will be next.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
NVDA Call signalNVDA is following a nice channel, recently started bouncing off the bottom of the channel and is a good catch as of right now, I called this in the groupchat at 378.29, My long goal on this call is 403.75, Im giving that goal a min of one month and a max of 2 months to reach its target!
The group chat is having a 20% sell for the 4th of july ( Use coupon code: "July4" ) and will go on until sunday the 5th. I would , love to see anyone who supports my posts join our group and make even more money with us as we grow richer and richer by the day: If your interested join through DMing me
All you'll have to do is join the discord, then go to free chat room and type upgrade and set up your membership.
And of course Direct message me with any questions you have!
Nividia Poised for ATH Test!Exhibiting signs of exhaustion, U.S. equities gave up nearly all their gains from the morning, closing today's session flat. The Dow Jones Industrial Average gained +0.56%, the S&P 500 +0.90% and the Nasdaq 100 led the way with +1.09%. Interestingly, a number of heavy hitters are roaming around resistance. One name of note is Apple which finally entered a region where I'd suspect sellers to begin coming in between 301-308. I'll touch upon Apple tomorrow morning. Today, we take a look at Nividia Corp. ahead of earnings May 21st.
All-Time High Bound?
With Nividia Corp. (NVDA) reporting their quarter one earnings on May 21st and yesterday's news that it acquired Cumulus Networks, a deeper look into the charts was deserved. Below is the 4-hour chart of NVDA.
NVDA has rallied 68% off the March lows and has been consolidating at its highs for just over two weeks, a bullish sign. Additionally, resistance at 300 has been tested a third time, as NVDA posts higher lows on declining volume, also bullish. Notice the ascending triangle taking shape. Although, known as a bullish continuation pattern, it is not confirmed until a breakout to the upside. With a breakout the projected target would would propel NVDA to all-time highs of 340 per share.
There is a lot of positive going for NVDA heading into earning's. That said, could NVDA be setting up as a sell the news candidate? The ascending triangle set up is poised to breakout prior too May 21st earnings. It is something to keep in mind if taking on the bullish trade. With fundamentals and technicals aligning heading into earnings, its hard not to be bullish NVDA. Bias: Bullish .
Flat Week Continues
Today was the second straight day U.S. indicies posted flat gains. It's really not a surprise. There is a log of uneasiness in the market and tomorrow may shed some light on that uneasiness. Tomorrow the ADP unemployment report is released and should offer some insight on Bureau of Labor Statistics unemployment rate announcement this Friday. Spoiler, the the report won't look great. Until then, have a great evening!
Nvidia: Reverse Head and Shoulders Pattern Analysis 1D (Apr. 20)X FORCE GLOBAL ANALYSIS:
In this analysis, we take a look at both technicals and fundamentals for Nvidia (NVDA)
Technicals
- We see a text book reverse head and shoulders pattern
- It seems as though the right shoulder has also finished forming, and our neckline remains around our support at $285
- Our all time high resistance sits at $315
- The Relative Strength Index is forming higher lows, and continues in an uptrend as a sign of trend strength
- The Moving Average Convergence Divergence (MACD) also shows increasing bullish histograms after a golden cross, indicating signs of momentum
- Normally, a breakout from the reverse head and shoulders pattern is resulted by an increase by the same degree of the depth of the neckline
Fundamentals
- The operating margin for Nvidia sits at 26.10%, gross at 62%, and net at 25.6.
- Nvidia generates considerably more profit, after expenses are accounted for, compared to its counterparts
What We Believe
Overall, Nvidia shows bullish technicals, and sound fundamentals. As a solid stock, it appears that Nvidia could move on to test new all time highs.
Trade Safe.