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NVDA: 4 hour-30 Min HOW Deep Will We Correct ? Happy Weekend Traders I made a quick video for you in the relation NVDA I can see the following scenarios playing out so keep your eyes peeled on these levels: 1) From 120.56 we hold and go up 2) We go down to the 61.8 percent retracement @ 118.45 hold here and go up 3) We go down to 112.88 where we can sky rocket back up from here or start breaking further South If you have any questions, comments let me know. I will be doing a few training videos on the different tools I use to see the market with if your interested let me know MB Trader Happy Hunting
NASDAQ:NVDA
by Mindbloome-Trading
NVIDIA's Four-Hour Dip: A Macro Correction or Bigger Shift UPGood afternoon or evening, traders! What a rollercoaster of a day! The market followed our expectations—correcting, then taking a dive. But wow, did anyone expect that explosive breakout at 9:30 am? That’s the thrill of the open! In this video, I'm staying neutral, but here’s what we need to watch: a breakout above 119-120 opens the door to 140 and beyond—a very real possibility. On the flip side, a dip below current levels could see us exploring the 90 range. Something to keep in mind! Thanks for watching, and apologies if I sound a bit tired—it’s been an intense day. Happy trading, and let’s keep riding those waves! MB Trader
NASDAQ:NVDA
by Mindbloome-Trading
3
NVDA MICRO ANALYSIS TO LOOK FOR ON WHERE WE ARE GOING Good evening traders, It's super late here; however, I wanted to inform you of some levels with this video to give you the information needed to make a better trade. Based on what I see, we can do the following: -Correct up to the middle pitchfork area and head back down. -Correct up to the 50%, 61.8%, or 78.2% fib line and back down. -Break all those levels up and keep going to 145. Let me know what you think of the video: questions, comments, what you liked, didn't like—let me know in the comments below. Happy hunting, MB Trader
NASDAQ:NVDALong
by Mindbloome-Trading
NVIDIA: Weekly To 30 Minute: Correcting where are we going up? Good morning Traders Here is my video analysis on NVIDIA at the moment. Have a review and let me know what you think. The main areas of concern are: 108 and 110 if we break those levels I dont see why the market cant go to 114 range. Any questions, comments, ideas, want me to share more ideas on any topic let me know. The trend is your friend and lastly we dont predict the market we follow it. MB Trader
NASDAQ:NVDALong
by Mindbloome-Trading
2
Strong Analysis on NVIDIA (NVDA)Hey traders, let's break down what's happening with NVIDIA (NVDA) and how I'm approaching this setup. As you can see on the chart, we had a pretty solid uptrend that got me excited for a while. The green Heikin Ashi candles were flowing nicely, indicating strong bullish momentum. But now, we’ve hit an interesting point where things are taking a turn. Key Resistance Area First up, there’s a key resistance zone around $128. It’s no surprise that the price started pulling back right after touching that area—it’s been tested multiple times before, and once again, the bulls struggled to break through. I marked this zone on the chart with an orange box to emphasize how critical it is. It’s like a ceiling that NVDA just can’t seem to smash. The Pullback Now, as the price started to dip from that resistance, I noticed a pullback that’s pretty significant. This is where I’m keeping an eye on a potential reversal or further downside action. The sell-off is accelerating, and it’s getting close to an important support zone between $90 and $96. Support Zone Here’s the good part: I’ve highlighted a major demand zone between $90 and $96. This area has held up in the past and acted as a solid floor for the price to bounce off. I marked it with a purple box so I don’t miss the opportunity to potentially buy back in if the price bounces. What’s Next? For me, the plan is straightforward: I’m waiting for the price to approach the support zone. If we get bullish signals (like a strong green candle or price action reversal), I’ll consider taking a long position with my stop just below the zone. On the flip side, if it breaks below $90, that’s my signal to step back and wait for a clearer direction. Right now, it’s all about patience. I want to see if the support holds, and if it does, that’s where I’m ready to act. If you’re watching NVDA like me, keep an eye on these levels—this is where the action is happening. Happy trading, and let’s see how this plays out!
NASDAQ:NVDAShort
by Deno_Trading
101% Option Play on NVDA Today! Just wanted to share our heck of a option play that we pulled this morning with NVDA, as a projected pullback from the recent bounce and reaction from the CPI/PPI/Unemply. Data that was release this weekend. CNBC Analysts touted this as a safehaven, but I thought it was a false narrative based on the TA and what we were seeing on the charts going into the Aftermarket Session, yesterday. Pullbacks are healthy, so we exact a rebound back to the north based on the past few trading sessions. Stay Tuned for more as we move forward with providing you our Daily MyMI Option Playz at MyMI Wallet!
NASDAQ:NVDAShort
by MyMIWallet
Nvidia's Downturn: Correction or Cyclical Shift?Nvidia, the undisputed leader in graphics processing units (GPUs), has hit a rough patch. After a stellar run that saw its stock price reach record highs, the company has entered correction territory, with its share price dropping over 10% from its peak. This sudden decline has sent shockwaves through the tech industry, prompting questions about the company's future and the broader health of the chip market. A Look Back: Nvidia's Meteoric Rise The past few years have been a golden age for Nvidia. Fueled by the surging demand for high-performance computing across various sectors, the company enjoyed phenomenal growth. • Gaming Boom: The surging popularity of video games, particularly during the pandemic lockdowns, led to a massive increase in demand for Nvidia's powerful GPUs, which are essential for delivering high-fidelity graphics experiences. • AI Revolution: The rapid advancement of artificial intelligence (AI) applications, from self-driving cars to facial recognition technology, created a growing need for Nvidia's specialized AI processing units (AIGPU). • Cryptocurrency Craze: The rise of cryptocurrencies like Bitcoin and Ethereum, which rely heavily on GPUs for mining, further boosted Nvidia's sales. These factors combined to propel Nvidia's stock price to dizzying heights, culminating in an all-time high of $950 per share in late March 2024. A Rude Awakening: Entering Correction Territory However, the recent weeks have painted a different picture. As of April 10, 2024, Nvidia's stock price has fallen over 10% from its peak, officially entering "correction territory." This is typically defined as a decline of 10% to 20% from a recent high and is often seen as a sign of a market overcorrection or a fundamental shift in the company's prospects. Possible Causes for the Downturn: Several factors could be contributing to Nvidia's current woes: • Market Saturation: The gaming industry might be approaching a saturation point in terms of high-end PC sales. This could lead to a decline in demand for Nvidia's top-tier GPUs. • Cryptocurrency Volatility: The recent slump in cryptocurrency prices has led to a decrease in mining activity, potentially impacting Nvidia's sales to miners. • Supply Chain Concerns: Ongoing global supply chain disruptions could be hindering Nvidia's ability to meet production demands, leading to shortages and price hikes. • Analyst Cautiousness: Some analysts are expressing concerns about the sustainability of Nvidia's growth trajectory, particularly in the face of increasing competition from other chip manufacturers. Is This Just a Temporary Blip? Despite the recent decline, some experts remain optimistic about Nvidia's long-term prospects. Here's why: • The Metaverse Advantage: The burgeoning metaverse, a virtual reality-based online world, requires powerful graphics processing capabilities, which could be a major growth driver for Nvidia. • AI Adoption Continues: The adoption of AI across various industries is expected to continue at a rapid pace, ensuring a sustained demand for Nvidia's AIGPUs. • Innovation Powerhouse: Nvidia is known for its constant innovation and cutting-edge technology development. This could lead to new product categories and revenue streams in the future. Navigating the Uncertainty: What Investors Should Consider With conflicting signals emerging, investors are grappling with whether this is a buying opportunity or a sign of a more significant downturn. Here are some key considerations: • Market Sentiment: Keep a close eye on the broader tech market and overall economic conditions. Factors like interest rate hikes and inflation can impact investor confidence and, consequently, technology stocks. • Company Performance: Evaluate Nvidia's recent financial performance, future product roadmaps, and its response to emerging challenges. Are they taking steps to address supply chain issues or developing new markets? • Analyst Opinions: While not infallible, analyst ratings can offer valuable insights into the potential risks and opportunities for Nvidia. Beyond Nvidia: The Broader Chip Market The correction in Nvidia's stock price might be indicative of a broader slowdown in the chip market. Investors should monitor other major chipmakers like AMD and Intel to gauge the overall industry sentiment. Conclusion: A Crossroads for Nvidia Nvidia undoubtedly faces headwinds, with its stock entering a correction territory. However, the company's strong fundamentals and position in high-growth markets like AI and the metaverse suggest its long-term potential remains intact. Investors should carefully consider the company's future prospects, the broader tech market landscape, and their own risk tolerance before making any investment decisions. The coming months will be crucial for Nvidia to navigate these challenges and demonstrate its ability to sustain its impressive growth trajectory.
NASDAQ:NVDAShort
by bryandowningqln
NVDA's White Support Line for a Potential Rebound Today is day 2 of the NASDAQ:NVDA GTC conference, NASDAQ:NVDA had a bearish day yesterday even though it was day 1 of the event. I think there was actually a lot of great news for NASDAQ:NVDA , but surprisingly there was little upside in terms of price action. So far NASDAQ:NVDA has been bearish since reaching the yellow trendline, and I think the momentum has been bearish. For now NVDA is near a white support line and bulls are looking for a rebound here so that NVDA has some upside for day 2 of the GTC event.
NASDAQ:NVDA
by realchartchamp
EXPECT $500+ OUT of NVDAAt this point NVDA is unstoppable. It will not pull back until at least $500 - $520. But even at that point it could easily turn the top of this upward channel trend Into support and then we are looking at clear skies and smooth sailing until $1000. I mean why not? NVDA could easily demand a more than 2 trillion dollar market Cap. Especially considering when its quarterly revenue is at a whopping 7 billion, giving the stock the admirable PE ratio of 213. This one has room to run. Insiders might be dumping large blocks of shares but nothin g that should give investors reason to be cautious. Fasten your seat belts because AI is in charge of this rally.
NASDAQ:NVDALong
by Goontata84
46
NVIDIA - Has the bubble been burst?After the sharp drop that NVIDIA had on Friday, what consequences can we observe? Has the bubble been burst? Are we going to attend strong corrective phases? Following the line with the price at maximums on February 12 and 23, we can see that when it reached that resistance line last Friday, the price fell sharply. Since then it has moved laterally, above the support of the 823 zone. I think this is not a figure of exhaustion, but a stop and a lateral movement. Microsoft started the sideways move before NVIDIA, and has been eating up time without hurting the price level. For me, the trend is still bullish. Guys, what do you think? Leave a comment with your thoughts.
NASDAQ:NVDALong
by tradingconmike
3
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.
NASDAQ:NVDAShort
by realchartchamp
NVDA: An Unstoppable Rally! How Far Will It Go? (D&W charts).NVDA shares are in a very strong uptrend, and since they broke the previous all-time high around $500 (yellow area), we have been navigating in unknown waters, since there are no more “previous tops” to act as resistance levels to guide us here. Since our previous study, NVDA has made many important movements, so let's update our idea. Remember, the link to my previous post is below this analysis, as usual. In this case, there are a few things to remember that can help us. Firstly, the $ 600 is supposed to act as a resistance, not because it is a technical key point, but because it is a round number. More often than not, the market has a thing for round numbers, especially when it is making new highs, and apparently, NVDA is finding a resistance near the $600 (at least in the short-term). Secondly, since NVDA broke the $500, it also triggered a Rectangle chart pattern seen on the weekly chart, as seen on the chart below: The technical target of a Rectangle pattern is its height projected in the direction of the breakout (as evidenced by the red arrows). This takes is to the $626, approximately. Therefore, although NVDA is having a hard time breaking the psychological resistance at $600, in theory it still has more upside. If this is a buy or not, it depends on your strategy and the time-frame you work, but I understand when I see people worried about it being overbought. If we use a few indicators, like RSI, we see that NVDA is around the 80s area, but there is a problem in determining whether a stock is overbought or oversold using only indicators. On May 2023, NVDA went into overbought territory, as its RSI exploded and I saw many people worried about this. However, the price didn’t correct. In fact, it kept going up, while the RSI dropped, and this is one of the reasons why I don’t trade indicators – I trade price, but I use indicators sometimes as a tool to support my thesis, when I need more confirmation. Therefore, as long as NVDA maintains the pattern on making higher highs/lows, trading above its support levels, the bull trend will persist. For now, there is no technical evidence, price action-wise, suggesting a pullback, and if a pullback occurs, we see many support levels to hold the price, as seen on the chart below, like the retracements, the 21 ema, and in the worst-case scenario, the $500 again. I’ll keep you updated on this, so remember to follow me for more analysis like this, and like this idea to support me. Best regards, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
5
NVIDIA (NVDA) - SELL (WYCKOFF DISTRIBUTION)NVDA looks as though it has entered a distribution phase after reaching the 1.618 fib extension. Awaiting formation of UTAD (with low volume), to confirm the sell entry. Hard to gauge how far price will continue to rise in UTAD formation, so I would enter on the UTAD test, which will make it easier to spot full UTAD formation. Take profit would be around $318 which would have price reaching the 1.618 fib extension. Coincidentally, this would fill the price gap between $318 - $366.
NASDAQ:NVDAShort
by BullBearBlair
11
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
NASDAQ:NVDAShort
by stewdamus
21
NVDA: A Dangerous Turning Point (D and H charts).In our last analysis, we warned of a possible correction in NVDA's shares, right on the day they made a new all-time high above $500. The link to my latest public analysis of NVDA is below this post. What's most interesting is that NVDA's shares fell just to hit our target at $476.09, which we set in our last analysis, and apparently, it's working so far. In addition, the $476.09 is very close to the 21 EMA on the daily chart as well, reinforcing this support area. In the two days following my analysis, NVDA confirmed a bearish reversal pattern by triggering a bearish pivot on the hourly chart (as evidenced by the image below). A bearish pivot is a lower high than the previous one, followed by the breakout of the last bottom. As shown in the chart above, NVDA shares were on a rally, making rising tops and bottoms, surfing above the 21 EMA, until on November 22, a bearish pivot was confirmed. The share price quickly fell to our target which is its first support point, but despite being in a good place for a bottom pattern to form, there is still no reaction suggesting such an event. What if NVDA shares don't react at this support? From a technical point of view, it could look for its next support levels, such as one of the Fibonacci retracements as shown below: For now, let's stay tuned, as NVDA is once again in a critical price zone, and we will soon have a clear answer as to whether there will be a reversal, or a continuation of the short-term bearish sentiment. In any case, I'll keep you updated, so remember to follow me for more analysis like this, and support this idea if you like it. All the best, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2