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Nvidia

Where Nvidia looks to set bounce .The stock has plunged over 24% since reaching a high of $289.46 on March 29 amid overall market turbulence, which was accelerated on Monday when Nvidia downgraded from Outperform to Neutral and lowered its price target from $360 to $225. Whether the bounce in Nvidia can eventually turn into a rally, or whether the stock will rebound only enough to print a lower high before continuing its descent, will take some time to be known, but the stock has an abundance of work to do before reversing course into an uptrend. Nvidia began trading in a downtrend on March 29, with the most recent lower high printed on April 4 at $275.58 and the most recent confirmed lower low created at the $262.67 mark on April 1. Since forming the last lower high, Nvidia has fallen over 20% lower without bouncing on the daily chart. To continue in its downtrend, the stock will eventually have to bounce up to print another lower high, which could give bearish traders who aren’t already in a position a solid entry to take a short position. Bullish traders who are not already in a position will want to watch to see if Nvidia can begin to print an uptrend on lower timeframes, which could then develop into an uptrend on the daily chart. On April 7, Nvidia lost support at the 200-day simple moving average, which is considered a bellwether for bearish versus bullish long-term sentiment. If the stock is unable to regain the 200-day SMA in short order, the 50-day SMA is set to cross below the 200-day, which would cause a death cross to develop on the chart. Nvidia has two gaps above, with the first between $223.20 and $230.62 and the second between the $253 and $258.20 range. Gaps on charts fill about 90% of the time, which makes it likely the stock will rise up to fill both empty trading ranges in the future. Nvidia has resistance above at $230.43 and $252.59 and support below at $208.88 and $195.55
NASDAQ:NVDA
by AxiomEx
4
Nvidia must hold this Key level to recover.Nvidia gapped down 3.84% on Wednesday and was falling an additional 3% at one point intraday in sympathy with the S&P 500, which also gapped down and continued to decline heading into the release of the Federal Reserve’s decision on its monetary policy at 2 p.m. For technical traders the lower prices likely didn’t come as a surprise because on March 29 the stock topped out at the $289.46 level, printed a bearish hanging man candlestick and entered into a downtrend. A downtrend occurs when a stock consistently makes a series of lower lows and lower highs on the chart. The lower lows indicate the bears are in control while the intermittent lower highs indicate consolidation periods. Traders can use moving averages to help identify an uptrend with descending lower timeframe moving averages (such as the eight-day or 21-day exponential moving averages) indicating the stock is in a steep shorter-term downtrend and descending longer-term moving averages (such as the 200-day simple moving average) indicating a long-term downtrend. A stock often signals when the lower low is in by printing a reversal candlestick such as a doji, bullish engulfing or hammer candlestick. Likewise, the lower high could be signaled when a doji, gravestone or dragonfly candlestick is printed. Moreover, the lower lows and lower highs often take place at resistance and support levels. In a downtrend the trend is your friend until it’s not and in a downtrend, there are ways for both bullish and bearish traders to participate in the stock: Bearish traders who are already holding a position in a stock can feel confident the downtrend will continue unless the stock makes a higher high. Traders looking to take a position in a stock trading in a downtrend can usually find the safest entry on the lower high. Bullish traders can enter the trade on the lower low and exit on the lower high. These traders can also enter when the downtrend breaks and the stock makes a higher high indicating a reversal into an uptrend may be in the cards. On Tuesday, Nvidia printed a bearish engulfing candlestick on the daily chart, which indicated lower prices would come on Wednesday. On the decline, Nvidia fell to the 200-day simple moving average, tested it as support and regained the level, which indicates long-term sentiment is bullish. As long as Nvidia remains above the 200-day, the 50-day SMA won’t cross below the 200-day, which will avoid a death cross taking place. If Nvidia closes the trading day below the 200-day and near its low-of-day price, the stock will print a bearish kicker candlestick, which could indicate lower prices will come again on Thursday. If the stock closes the trading day anywhere above the 200-day, it will print a bullish hammer candlestick, which could indicate higher prices are in the cards. The gap between $253 and $258.20 that was left behind on Wednesday is about 90% likely to fill at some point in the future, which means bears would prefer the stock to bounce up before continuing lower in the downtrend. Nvidia has resistance above at $252.59 and $272.29 and support below at $230.43 .
Editors' picks
NASDAQ:NVDA
by AxiomEx
39
NVDA: Sell Zone is 310-320As expected, NVDA is completing its 4th wave pullback. It should begin its uptrend in the next day or two. Upside target zone for W-5 is around the 3.382 extension, which is about $310-320. After that, NVDA will have another deep pullback to about today's levels, so there will be plenty of opportunity to add if you do not currently have funds available. I will be selling CCs against my shares once we reach the 310 region. Always stay patient and never stay married to an idea if price begins to tell a different story.
NASDAQ:NVDALong
by TomDaSpankEngine
5
NVDA, We are moving in up trendHello guys According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target. You should take signal at first then dont forget use stop loss and observe to your capital management. Take a look on volume guys dont forget to check it, And dont forget to risk free and manage your position. Everything is shown on chart, If you have question send us messages Good Luck Abtin
NASDAQ:NVDALong
by Abtin00
Nvidia Stock NVDA Is Edging HigherNvidia stock NVDA had built a strong move on Friday to post a solid gains of 6.81% and close on the resistance area around $265.00. The stock is showing bottoming signals after violating the downward trendline, Prices have the potential to test the 50.00% and 61.80% Fibonacci Retracement levels ($276.00 - $293.00) consecutively. It is worth mentioning that Nvidia's investors’ day event - between March 21-24 - will be watched closely across the tech sector and will boost the price's volatility.
NASDAQ:NVDALong
by AlyaAkram
#NVDA possible short opportunity?Few reasons why i think Nvidia could temporarily top here for a short term correction in price (1) 100dma has been sticky as support and resistance in recent times - testing it as resistance currently (2) Almost perfect symmetry in the length of this rally in comparison to the length of rally from January lows. (3) wicks on candle shows some seller strength as we reach this resistance point (4) Swing lows from December low also ties in with current levels Putting all the above together.. could be worthwhile to enter short with a target back to around $240. To give stops some room would allow a move to $286 to prove I am wrong. However more aggressive traders should be fine to use $275-276 as tighter stops which should better the risk-reward ratio on the trade but is susceptible to being wicked out by the market.
NASDAQ:NVDAShort
by MarcoOlevano
NVIDIA DOUBLE BOTTOM W PATTERN ADAM EVEAn update on NVIDIA We are a month further and a lot has happened in a month. Looking at the 4 hours: Following the previous TA, the bulls had failed to break through. As a result, as reported, we may have started to fill the gaps that were lower, which have now been filled. It was perhaps a bit early to call but… in the end the double bottom W pattern formation is as good as a fact. In fact, I spot 2 that are almost similar (large and smaller one). The price targets of both formations are stated, both the 100% price targets by means of clap and flap… but also the 69% price targets based on the ADAM EVE Double bottom W pattern (bottom price - neckline price = X * 0.69= Xa then.... the neckline + Xa = price target). However, the necklines must be broken and preferably provided with a re-test. If the bulls are rejected at the first neckline, there is still hope for the USD 224 otherwise a decline towards the earlier USD 210 support will undoubtedly be tested again.
NASDAQ:NVDA
by Tims.Technische.Analyse.
3
NVDA: Descending Triangle Break NVIDIA - Short Term - We look to Sell at 206.22 (stop at 217.69) Further downside is expected, however, due to the strong support below we prefer to sell a break of 210.00, which will confirm the bearish sentiment. Closed below the 20-day EMA. Short term oscillators have turned negative. Follow through bearish momentum from 346.00 resulted in net losses. Our profit targets will be 165.54 and 137.15 Resistance: 250.00 / 270.00 / 285.00 Support: 210.00 / 200.00 / 190.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NVDAShort
by Saxo
4
NVDA downtrending to complete elliotEntry: 153 Target: 250 Invalidation: 128 ( I will not be putting invalidation level on my trade, since it's a strong company we should see a gain in price in a long term) Pattern: 1-5 Elliot wave and full ABC correction, now we are wating for market to complete Elliot wave downwards and complete wxy combination. We should break the head and shoulders pattern, break in the right shoulder and retrace upwards to it and go back down to our demand zone where is our entry point. Aroon: Shows gain in bearish momentum Macd: Shows gain in bearish momentum Fib zone: We are waiting for price to retrace to 61.8% fib zone (Reversal zone) and retrace to 50% fib zone (Target zone)
NASDAQ:NVDALong
by vf_investment
2
Nvidia envisioning further drops. NVDAGoals 209, 193. Invalidation at 268 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NASDAQ:NVDAShort
by Rykin_Capital
NVDA Short at Resistance SetupNVIDIA - Short Term - We look to Sell at 251.38 (stop at 266.57) We look to sell rallies. 50 1day EMA is at 248.00. Trend line resistance is located at 252.00. Short term oscillators have turned negative. The daily chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 250.00, resulting in improved risk/reward. Our profit targets will be 210.70 and 201.15 Resistance: 250.00 / 270.00 / 285.00 Support: 210.00 / 200.00 / 190.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NVDAShort
by Saxo