NVDA Trading IdeaGday Guys. Hope everyone generate huge profit...
Let's analyse NVDA Stocks today.
Uptrend Market Structure since Mar 8,2021 created a low price at 463.18. The stock rise break previous low at 615.38(Feb 16, 2021) which creating New High at 648.12 on (April 15, 2021).
Price continue to create a Highlow at 538.72 (May 13,2021) which is unable to reach previous low that created on Mar 8, 2021 (463.18). This happen due to previous Demand Zone hard to break which is make the price move upside breaking previous high at 648.50 and price rally
bullish on the peak of 712.50 New High.
We expecting the price will be creating new HL as some correction need to be done before its continue bullish rally.
As long current price hold and not break 712.50 area, this pair still valid for some correction 625.35 Minor Demand Zone and maximum level of creating new HL at 587.74. If the price break below 587.74, we expecting price trying to reach previous LOW area.
In upside zone. If 712.50 broken, this price will continue to create new high and in return, we expecting a deep correction.
Let's see what happen next.
Nvdashort
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 Bear case Target $513.5
Failed Breakout
Retest $513.5 & $505.5
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NVDA - Sub Wave 3 Correction to $396$NVDA is in Sub Wave 3 of Wave A Correction and targeting $396. And other targets are pointed out in the chart.
In short time frame, it is forming double top into Thursday. Great opportunity to buy puts.
Please follow to get notified when I updated the idea.
Good luck.
$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.
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
$NVDA Earnings Play | What's The Move NVDANvidia ($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
Been watching NVDA: Next Target $330First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. For the last few days of watching Nvidia and looking at the current market spread, I feel like for a small bullish expectancy, is at least realistic. It will likely pass the $330 price threshold within days, a week or so at most (though expected way sooner). I am not sure though about the earnings call, which is why I am mostly mutual on either shortening it or doing your own research before doing a hold after May 19th. This stock has been having stable growth overall however.