Nvidia
#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 $275-276 as tighter stops which should better the risk-reward ratio on the trade but is susceptible to being wicked out by the market.
NVIDIA DOUBLE BOTTOM W PATTERN ADAM EVEAn update on NVIDIA
We are a month further and a lot has happened in a month.
Looking at the 4 hours:
Following the previous TA, the bulls had failed to break through. As a result, as reported, we may have started to fill the gaps that were lower, which have now been filled. It was perhaps a bit early to call but… in the end the double bottom W pattern formation is as good as a fact. In fact, I spot 2 that are almost similar (large and smaller one). The price targets of both formations are stated, both the 100% price targets by means of clap and flap… but also the 69% price targets based on the ADAM EVE Double bottom W pattern
(bottom price - neckline price = X * 0.69= Xa then.... the neckline + Xa = price target).
However, the necklines must be broken and preferably provided with a re-test.
If the bulls are rejected at the first neckline, there is still hope for the USD 224 otherwise a decline towards the earlier USD 210 support will undoubtedly be tested again.
Nvidia Long Idea$NVDA NASDAQ:NVDA has been a market leader, among the last tech stocks to trade lower during the correction.
$NSDQ100 is still trying to find its way back to above key resistance levels whereas $SPX500 & $DJ30 are already above these levels. Turning point is on the horizon, for now I'm just loading up on better setups.
NVIDIA - Long PositionNvidia (NVDA) – The graphics chipmaker’s stock added 2.3% in the premarket after Wells Fargo added it to its “signature picks” list. The firm anticipates upbeat announcements from Nvidia at its upcoming investor day, and also said the recent market downdraft has helped create a favorable risk/reward profile.
NVIDIA Corporation Is Bullish Long-term - Elliott WaveHi Elliotticians, NVIDIA Corporation can be making a bullish impulse, up from 2014. At the moment however we see price in a temporary decline, which can be a correction in the making; wave IV which can unfold as a three-wave correction and look for support at the Fib. ratio of 0.382 and 0.50.
Trade well!
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.
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)
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
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.
Nvidia Possible Bear Market
It seems like the top ten Nasdaq 100 mega companies are due for a beating in the coming weeks as we head towards the much anticipated rate hikes, tapering, and balance sheet shrinking. Nvidia is also suffering with the Covid supply issue as well as a decline in sales as pricing for their products like graphics cards are selling for 2x MSRP. It doesn't seem like the supply chain issues will resolve anytime soon.
Key Factors
P/E of 223 as of Jan 25th.
Closed Below 50MA
Closed Below 100MA
MACD on 1W is Bearish.
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 to Sell-off? NVIDIA - Short Term - We look to Sell at 269.00 (stop at 291.43)
We look to sell rallies. Previous resistance located at 270.00. Previous support located at 210.00. Trading within a Bearish Channel formation. 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 270.00, resulting in improved risk/reward.
Our profit targets will be 211.24 and 201.15
Resistance: 270.00 / 285.00 / 330.00
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.
NVIDIA - Monthly Demand ContactedNASDAQ:NVDA
NVDA has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted.
There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios**
NVIDIA has a tiny Daily Demand within the monthly, please check stop losses for high liquidity moves. This trade has potential to reach new highs in the long term.
As we reach PEAK FEAR in the markets, we are liking to have reached a bottom on the S&P 500
BIG POST! Technical Analysis of 75 Stocks From The S&P 500 List!Hi followers and other TradingView users,
Baron Rothschild, a British banker and politician from a wealthy family, once said that the best time to buy is “when there is blood in the streets.” In simple words, when everyone else is selling, it's a great time to fill your portfolio.
At the moment, there have been quite scary times considering the current situation around Ukraine, plus S&P500 futures made a small break below 4300 , which might open the doors to lower prices. Actually, it is great because it can also open the doors to lower price levels for individual stocks as well.
Considering the potential "threat" to decline, I took over the entire SP500 list and analyzed all of them!! Those that caught my eye did a technical analysis to find the optimal entry points. Quite a lot of work, but I thought to share it with you guys as well, maybe you may find something useful here.
"Buy when there’s blood in the streets, even if the blood is your own."
The best stocks to invest in are the ones already existing in your portfolio. Maybe they are trading at lower prices, and your portfolio is in red. However, they are still the best options available to you. Why? If your's and your company's thesis are the same then you have already analyzed those stocks, and they are still in your portfolio only because you’re confident that they will perform well in the future. Then why not invest more in such stocks when they are down. As I have said previously take it as "SALE" in the mall. Look into your portfolio and find out those stocks which are currently trading at a cheaper price, hopefully, you find something from here as well.
Now, to talk about my given stocks below. These are just technical analyses, I can give the optimal entry prices for each one but you have to do your own fundamental analysis for them. One of my favorite "quote" about both analysis: Fundamental analysis tells you WHAT to buy, technical analysis tells you WHEN to buy. So, I share some ideas from where you can buy certain stocks but do your homework and do the fundamental analysis, do not follow them blindly!
In this post, you can find breakout opportunities to buy the strength after certain price levels have broken. Here are buying zones after corrections and some bigger names I have pointed out some price levels from where you can buy every dip to build up your long-term portfolio.
Use partial entries, long-term position builders can enter into certain stocks after it has reached inside the shown box and buy more if they should fall lower from the initial entry to average the entry price. Mid-term investors should start to build their positions somewhere in the middle of boxes.
Love it or hate it but here they are...
1) Apple (AAPL) - Buy the dip.
2) Adobe (ADBE)
3) Advanced Micro Devices (AMD)
4) Amazone (AMZN)
5) Arista Network (ANET)
6) Aptiv PLC (APTV)
7) American Express (AXP) - Buy the dip.
8) Bio-Rad Laboratories (BIO)
9) BlackRock (BLK)
10) Ball Corporation (BLL)
11) Berkshire Hathaway (BRK.B) - Buy the dip.
12) Cardinal Health (CAH)
13) Ceridian HCM Holding (CDAY)
14) Charter Communications (CHTR)
15) Comcast Corp. (CMCSA)
16) Cummins (CMI)
17) Salesforce.com (CRM)
18) Cisco Systems (CSCO)
19) Caesars Entertainment (CZR)
20) Devon Energy (DVN)
21) Electric Arts (EA)
22) eBay (EBAY)
23) Enphase Energy (ENPH)
24) Expeditors International of Washington (EXPD)
25) Meta Platforms (FB)
26) FedEx (FDX)
27) First Republic Bank (FRC)
28) General Motors (GM)
29) Alphabet (GOOG)
30) Genuine Parts (GPC)
31) Goldman Sachs (GS)
32) Hormel Foods (HRL)
33) Intel (INTC)
34) Ingersoll Rand (IR)
35) Intuitive Surgical (ISRG)
36) Johnson Controls International (JCI)
37) Johnson & Johnson (JNJ) - Buy the dip.
38) CarMax (KMX)
39) Kroger Company (KR)
40) Lennar Corp. (LEN)
41) LKQ Corp. (LKQ)
42) Southwest Airlines (LUV)
43) Las Vegas Sands (LVS)
44) Microchip Technology Incorporated (MCHP)
45) Altria Group (MO)
46) Moderna (MRNA)
47) Morgan Stanley (MS)
48) Microsoft (MSFT) - Load it up ;)
49) Match Group (MTCH)
50) Netflix (NFLX)
51) NRG Energy (NRG)
52) NVIDIA (NVDA)
53) NXP Semiconductors (NXPI)
54) Pfizer (PFE)
55) PerkinElmer
56) Pentair (PNR)
57) Public Storage (PSA)
58) PayPal (PYPL)
59) Qorvo (QRVO)
60) Rockwell Automation (ROK)
61) Rollins (ROL)
62) Snap-On Incorporated (SNA)
63) Seagate Technology (STX)
64) Skyworks Solutions (SWKS)
65) TE Connectivity (TEL)
66) Thermo Fisher Scientific (TMO)
67) Trimble (TRMB)
68) Tesla (TSLA) - You can buy it now but save some ammo for lower prices!
69) Train Technologies (TT)
70) Take-Two Interactive Software (TTWO)
71) United Rentals (URI)
72) Waters Corp. (WAT)
73) Exxon Mobil Corp. (XOM)
74) Xylem (XYL)
75) Autodesk (ADSK)
And that's all. Some may say and think that some of the given prices will never reach these zones. I would like to tell them - whatever! At least we are prepared, and if something bigger could happen with to the stock market, those who are prepared will win, because in March 2020 the bottom was made in just a few days.
Prepare, wait, aim, and shoot!
Do your homework!!
Regards,
Vaido
SOXL bearish double top*disclaimer*
I haven't published anything outside of the crypto markets publicly. However, I have had my eye on SOXL, Direxion Daily Semiconductor Bull 3X Shares ETF.
I originally thought that earnings for NVIDIA were going to boost the asset and asset class, however it seemed to me the night before earnings that the earnings call was already priced in.
Looking at an 8 hour hollow candle chart here going back to fall 2021 makes the picture a bit clearer for me (when in doubt zoom out).
SOXL did a bearish double top between late November 2021 and early January 2022. And now volume is kicking up heavily on the sell side. Especially when current volume is compared to moving average for volume.
If the NVIDIA earnings call wasn't enough to lift, and rumors about auto manufacturers continue to slip in through the cracks, I see plenty of downside correction left for SOXL.
That being said, this is part technical and part "buy the rumor, sell the news" analysis and I will keep my eye on this sector which has been outperforming.
Short term bullish outlook on Nvidia. NVDAImmediate targets 259, 276, 291. Invalidation 209.
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