Nvdalong
NVDA - Cup and handle pattern breakoutWhat we can see on the chart is a cup and handle pattern. The price is just breaking out so it's a time to take a long position.
Target: 269 $
MACD looks very bullish on daily timeframe. Increasing bullish momentum and the bullish cross confirms a bullishness of NVDA.
Moreover, the price has been on a higher lows trajectory. Easy long.
Good luck
NVDA bullish continuation?$NVDA soars before market opens after beating the earnings estimates. it also got a price upgrade from few analyst from 225 to 255 or 275
below is my key level for day trading entry and exit.
NVDA average price move per day is $7-$10 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entries and exit for TSLA:
Buy call above 237.87 and sell at 242.49+ or above
Buy puts below 232.12 and sell at 227.35 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
Nvidia -> Breakout TimeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Nvidia stock just recently created a very obvious inverted head and shoulders and I uploaded a lot of analysis always pointing towards this bullish pattern which will lead to a longer term bullish move.
The past couple of weeks Nvidia already started this bullish move, we now just broke about a weekly resistance area so I simply do expect the continuation towards the upside from here.
With earnings coming out yesterday, the market today gapped higher 15%, breaking also a daily resistance area so I am now just expecting a retest of the previous resistance, now turned support, and then the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NVDA NVIDIA Corporation Options Ahead of EarningsLooking at the NVDA NVIDIA Corporation options chain, i would buy the $180 strike price Calls with
2023-3-17 expiration date for about
$16.35 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Remember, this is a medium term play, we could not necessarily see instant results.
Looking forward to read your opinion about it.
$NVDA could rise to 192 by end of yearNASDAQ:NVDA still have time to have an "outside quarter" ... after breaking last quarter's low, it has rallied to retrace 50% of the previous quarter's candle.
This is not an example of #SSS50PercentRule because NASDAQ:NVDA is DOWN on the year, therefore it does not have full time frame continuity.
This would be a 16% rise over the next 5 weeks.
NVDA Cup and Handle breakout to the upside with target to $215.5Cup and Handle breakout to the upside with target to $215.50.
The breakout to the upside confirmed but is VERY weak.
The other sign of hesitance is the moving averages 7 > 21 <200MA
Either I'd wait for a test to the new support (Brim level) or a Strong candle up for some thought of upside to come.
Target $215.54
NVDA TREND UPDATENVDA, 1D: The linear regression channel on the above chart is illustrative of 4 standard deviations of potential linear price range. 2 standard deviations up, illustrated by the +2SD and 2 standard deviations down as illustrated by the -2SD, along with the linear mean which is labeled LM .
NVDA has fully reverted back to its linear mean ( LM ) in the 131 price region and is currently bouncing just above the mean.
A moderate bounce off the mean up through the 13 day EMA (blue) and below the 65 day SMA (pink), would not be unreasonable to expect after the recent sell off and given the level of oversold we are coming from on the 1 day RSI .
For NVDA to indicate a bullish trend that is capable of te-taking its all time highs (ATH), we would need to see a breach of the 166 price region, which would be a 0.5 Fib retrace back up from the 2021 ATH and which also currently seems unlikely to occur.
It is our position that NVDA is in the 5th and final wave down of its Elliot Wave cycle and will most likely bottom out in the 120-100 range over the course of the next few weeks.
It should be noted that a return to the pre-pandemic highs as illustrated by the horizontal white line in the bottom of the price box, is not out of the question and would fall within 3 standard deviations (only two standard deviations are shown) from the linear mean, making it an improbable but possible occurrence.
Given the liquidity constrained monetary environment, hawkish Fed posture and potential for degrading geo-political relations with China to result in net margin compression, the uncertainty around the future price of NVDA stock is currently high.
When the market perceives uncertainty around the ongoing viability of a particular company’s future revenue streams and the potential for increased production costs appears to be looming on the horizon, the bid/ask spreads widen which subsequently provides the catalyst for price volatility to ensue as buyers and sellers struggle to agree on price.
In the short term, price action as a result of a liquidity constrained monetary environment, the ensuing market volatility could create rough waters for NVDA. However, 18 months from now, once the market has greater clarity on IP security relations with China and global inflation has begun to cessate, I would be very surprised if NVDA is not back above the $200 price point.
I’m cyclicly bearish on NVDA but secularly bullish over the course of the next few years. This volatility could present ample opportunity for my longer term NVDA position holds.
(NOT FINANCIAL ADVICE)
NVDA NVIDIA Corporation Strongest SupportNVDA NVIDIA Corporation looks ready for a technical rebound.
A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of NVDA is below 30.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
Looking forward to read your opinion about it.
NVDA DAILY WOLFE WAVE SETUP OVER THE WEEKENDOn Sept 2, 2022, a daily wolfe wave entry was triggered. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. Since there is no apex associated with the daily wolfe wave, an alternative price objective would be required using gaps, previous support levels or time. If there was an apex formec, then the projected target is defined by identifying the apex location and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Short term target is near gap at 150 or 21 day ma which is 164. Conservative level would be 155. I hope this helps.
Nvidia draws attention back to Pelosi's stock picks Stock investments by US House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi, are again in the spotlight after shares of Nvidia (NASDAQ: NVDA) declined again after the pair reduced their interest in the semiconductor company.
Pelosi is the first female Speaker of the US House of Representatives and second in line to the presidency (after Vice President Kamala Harris). Considering her very public position, her financial matters and by extension, her husband's, always attract attention.
In July, the couple sold 25,000 Nvidia shares in a transaction valued between $1 million and $5 million. The shares were sold at $165.05 apiece, reflecting a loss of $340,000. On Sept. 1, Nvidia fell 18.3%, and if not for the July transaction, the Pelosis would have lost $753,000, the news platform added.
While the decision may have just been due to good investor instinct, it is being marred by controversies. The filing of a bill in Congress, as well as a visit in Taiwan are making it harder to simply brush some of the controversies under the rug.
Semiconductor Boost
Paul Pelosi invested in Nvidia on June 17 with the exercise of 200 call options for shares in the company at a price of $100 per share. The transaction was also valued between $1 million and $5 million..
It came at a time when the CHIPS Act is tabled for approval in Congress. The bill, which President Biden signed into law in August, aims to strengthen domestic semiconductor manufacturing, design and research. According to TechRepublic, the law will provide $52 billion for semiconductor manufacturing incentives and research investments, as well as a 25% investment tax credit for semiconductor manufacturing, which would be a great help to companies like Nvidia.
New York Post columnist Charles Gasparino labelled the investment the "latest home run" for Pelosi, who Gasparino wrote, "has been killing it in the stock market in recent years," winning with companies that benefit from governmental legislation.
Congresswoman Pelosi supported the CHIPS Act. Following the July sale, people have started singing a different tune that the transaction may have been done to alleviate conflict of interest concerns.
Or it could be another smart investment move. Nvidia fell nearly 3% at close of trading Sept. 2. It has been on the red that week, likely due to the US government's restriction of the company's sales to China.
Another event connecting the House Speaker to the semiconductor industry is her visit to Taiwan on Aug. 2. The visit, which according to BBC was "strongly condemned" by China, involved a meeting with Mark Liu, chairman of the world's biggest chipmaker, Taiwan Semiconductor Manufacturing Co. or TSMC (TPE: 2330).
Other Investments
Aside from Nvidia, the Pelosis have other investments in public companies. Business Insider reported in July that they have shares in companies including:
AllianceBernstein (NYSE: AB),
the class A (NASDAQ: GOOGL) and C stocks (NASDAQ: GOOG) of Alphabet,
Amazon.com (NASDAQ: AMZN),
American Express (NYSE: AXP),
Apple (NASDAQ: AAPL),
Micron Technology (NASDAQ: MU),
Microsoft (NASDAQ: MSFT),
Paypal (NASDAQ: PYPL),
Salesforce.com (NYSE: CRM),
Tesla (NASDAQ: TSLA), Visa (NYSE: V),
Walt Disney (NYSE: DIS),
and Warner Bros. Discovery Series A (WNASDAQ: WBD).
Speaker Pelosi's involvement in these companies prompted a legislation that would prohibit members of the US Congress from trading stocks. After months of resistance, Pelosi dropped opposition of the proposed legislation.
Insider included the House Speaker in its list of 25 richest members of Congress, with a net worth of at least $46.1 million. Amid insinuations that this may have something to do with information she passes on to help her husband with his investment decisions, the congresswoman told reporters in July that this was never the case.