Nvdalong
NVDA 11/16 Earnings Run and LongNVDA is one of my favorite stocks.
As for the earnings run I couldn't tell you if it will pump or dump after we hear earnings but here is why I like this stock for the following week:
1)MACD hit below -15.00. If we look at the last time it did that we had a month long bull run of +$100. The big unknown is earnings.
2)The support and resistance wedge is getting smaller just in time for earnings. We could be following either green line support. we will see as the week begins.
Nvda ShortIn current situation i see NVDA in a huge uptrend with huge unfilled Gaps, and those gaps perfectly meet the fibonacci retracement of 38.2 and 61.8-78.6 level only if the top is 590.
Therefore i think Nvda will long till 590 and find resistance and retrace to those gaps. Giving good opportunities to buy long later on.
Right now its risky to sell, and always its better to long in tech stocks.
$NVDA - Target $572- $582 This move I published in Private IdeaIdea -Target $572 to $582
Proof: www.patreon.com
$NVDA Bull Target $521-$530 & Bear Target $480Bull Target $521-$530
Bear Target $480 (Bearish Flag)
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I hold $530 calls for this week.
$NVDA - Double bottom Target $575$NVDA forming Double Bottom where it can hit $575 by middle of next week.
NVDA Bull Flag $580 & Bear case $525Seems like Indicators are overbought, forming H&S on short time frame and no good news on stimulus.
If the price cross $555 then $580 is certain & if the bull flag breaks down then support is at $525.
Good Luck.
NVDA - Cup & Handle - Target $580+NVDA is in cup & handle and based on Elliot Wave it may drop bt $530-$535 and pump to $580+
NVDA - Breakout Last week much of the market and sector sold off, NVDA did not follow. Their new video card series rtx 30xx has been selling out each release in seconds. They likely wont be able to meet demand for several months. Their competitor on the GPU market, AMD appears to be pretty far behind. Fundamentally and technically I feel this has potential to the upside by 40-60 points over the next 3 months.
NVDA - Double bottom - Target $570+Forming Double bottom but need confirmation on tmrw. If it's confirmed then will retest ATH!
NVDA - Double bottom - Target $548Forming double bottom pattern will oversold indicators & raising Nasdaq.
In case there is no bad news from FED, it keeps go up.
NVDA Wave (c) corrective pullback Notice that NDX is holding while NVDA is weakening into wave (C). Will reassess wave count with the next downside into wave (C) setting up for another potential rally into wave (5).
💻 NVDA 9/14-9/18 Scalp Plan 🖥️ LONG
Holding Above 487.50
Targets 499, 506-507, 511
SHORT
Holding Under 484.42
Targets 481, 479, 476-477, 469
$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.
NVDA - Earnings & 1st Sept Event TA and Prediction~518 on earnings 19'th - 22'nd
~550 after Jensen's announcement on the 1'st. To last until the 8'th, then will start reaching for a new support at 518.
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
