NVDA SHORT!! HIGH Probability Retrace to $200NVDA has been on a tear higher lately as has all of Tech despite the Banking failures. It seems everyone thinks Tech will outperfrom with lower yields. What people are failing to realize is that Lower yields are a sign of a flight to safety in BONDS and this implies a POOR Economic outlook. One of the 1st sectors to get his hard in a recession is TECH.
Here NVDA is up against MAJOR Resistance on multiple time frames and notice all of those resistance lines converge between $255-$270.
Several Broken trendlines are shown and notice that price has retraced to the "scene of the crime". Now Broken Support of those trendlines become a test of Resistance. With TL resist and Horizontal Resist all in this area this is a great area to SELL into the rally.
SHORT NVDA at anything > $257.
ADD To shorts up to $270 level.
Max position is 10-11%% Capital in trade.
This risks 1% if a CLOSE > SL = $280.16.
Downside Target Price ~$200.
2.49 Reward:Risk Ratio
Trade what you see!!
Nvdastock
NVDA bullish continuation?$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 Multi-Timeframe Analysis 29.01Hello Traders,
welcome to this free and educational technical analysis .
Nvidia is looking very bullish on the weekly timeframe, considering that we are creating a massively bullish inverted head and shoulders.
On the daily timeframe I am now just looking for a retest of the neckline of the head and shoulders and some bullish confirmation on the lower timeframes to enter a long
to capitalize on the next massive move towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nvidia Analysis 17.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Nvidia Analysis 15.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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Nvidia Analysis 09.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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NVDA STOCK BEGINS MAJOR DRAWDOWN - ELLIOTT WAVE SCIENCEThroughout the past 2 decades (22 years), NVIDIA has made impressive runs, increasing its share value by 822% over that timeframe. With 5 overlapping and continually extending waves being complete, the beginning of the 3 wave breakdown is already underway. From November 2021 until October 2022, this major market player experienced a 69% ($242) drawdown for what will likely prove to be Wave A of the 3 wave correction (3 wave corrections are labeled as ABC in Elliott Wave Science).
With A wave trending downwards, we can expect B wave to go against the direction of A wave, usually by 38-79% (in the form of another smaller, 3 wave move). This B wave corrective move is in motion at this very moment. (Knowing that B wave is a 3 swing move), considering the strength of its first (A) wave, it seems unlikely that a 38% retracement will satisfy the need for this form. Buyers are still adamant that the stock can see a higher price in the months ahead. The true test of this sentiment may come near $221 or $272.
Should the bulls fail to ascend above $221 and/or $272 and convert it into a supportive zone, price action suggests that the share value of this company will plummet. Within a 3 wave correction, specifically a 5-3-5 zig-zag type wave, we can expect the length of Wave's A and C to lean towards equality, its also fairly common for C wave to become slightly longer the length of Wave (by 1.618%). The main catalyst for NVDIA's market structure (being the 5 wave overlapping diagonal move seen in orange) suggests that its highly common for the correctional move/retracement to return down to the 0.618 fib level. The fibonacci tool shows that this level would equate to roughly $5.06.
The timing of Wave A within Wave 2 took approximately 11 months. We can expect a similar timeframe or slightly longer for the completion of Wave C. Wave C should be at least $242 in length but indications are that it will likely be longer.
There is good chance that NVDA drops below $10/share before/during the 2025 calendar year. This timing depends on how long the B wave correction takes to reach the final upside battle-zone.
NVDA Buy AreaI`ve noticed that from time to time NVDA does some intraday retracements from which it recovers.
If you want to buy the sell-off wicks, you can put buy orders between $198 and $215.
In this choppy market there are chances for NVDA to hit the support areas more often before going up again.
Looking forward to read your opinion about it.
Nvidia Analysis 24.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Thank you for watching and I will see you tomorrow!
Nvidia Analysis 11.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
NVDA broke out of the Descending Channel | NDVA ER Run Up$NVDA recently broke above this descending channel. With ER coming in 6 days, I will be watching closely for a continuation higher leading up to ER.
Today, we closed closely above the 61.80% fib level of $587. It is critical we hold this level, if not - a minor pullback/support at $569 - $571.90 would be a good retracement.
If we move higher, we will climb to the mental number of $600 and $613.27.