NVDA: You must pay attention to these key points now!Hello traders and investors! Let’s see how NVDA is doing today!
Since our previous study, last week, I told you that I wasn’t convinced of anything on NVDA, and this purple trendline was one of the reasons. Today, NVDA is retesting it for the sixth time , but unlike a week ago, this time we have more chances of defeating it ( link to my previous analysis is below this post, as always ).
What NVDA did can be considered a sideways correction , and the stock spent the last week accumulating its energies before another breakout. By defeating the purple trendline, the $ 198.80 is the next target, and a key point seen in the daily chart.
The $ 198.80 is a pivot point seen in the daily chart, and if defeated, it’ll lead NVDA to the ATH, or even above it. Honestly, I think NVDA should spend more time accumulating, but if the momentum is strong (like we see on AAPL), it’ll be very hard for it to drop.
On the other hand, if we lose the $ 187.41 we’ll create a bearish structure , and seek the 38.2% Fibonacci’s Retracement again.
Either way, the volume is still quite low, and we must see it increasing in the next few days.
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Nvidia
NVDA Buy Levels [Post-Stock Split]So things got a little weird today at the open with the stock split as many traders checked their holdings to see NVDA down -70% today.
Once it adjusted and all of the speculative traders jumped ship, Nvidia found itself spending most of the day battling at our .236 fib level, which is now $185 approximately. For now it has found itself above this level after bouncing beautifully off of the floor of the fib extension at around $178.
As always, I am waiting patient for a full body candle close above our .236 fib level on the 4 hour.
Keep an eye on the open tomorrow, as this asset is still most likely trying to regain its footing after what has been a very volatile past 2 weeks.
It is in my opinion that as long as we hold where we are currently, entries for a long is fair game. HOWEVER, beware that if you open below this level tomorrow, or confirm a 4 hour candle close below this level, all bets are off and you would be wise to keep patient and allow the price action to play out as risk below the .236 becomes difficult to size up.
If you are long, make sure you have either stops or at the very least price alerts set up for $185 incase it breaks.
Considering the wicks we had today both to the upside and downside on the 4 hour chart, things are very indecisive at the moment so I am ok with simply continuing to monitor.
Also, if this level does break down and confirm, a retest of $178 would be in store. From a trader perspective, if there is a retest it will be important that it bounces and does not come back to it again anytime soon. Too many retests of $178 would put this fib retracement at risk of being violated.
On the flipside, respect and support of the current fib near $185 (.236 fib) could be the buy opportunity patient traders have been waiting for.
Below you will find my price levels after the stock split I am looking at. This was found using the same method as in the pre-stock split idea.
The same buy ladder from that idea can be applied here as well. The beauty of this is that the buy ladder works better on the way up than it does when price is falling down.
$178
$185
$190
$194
$198
$203
$210
PLZ USE ALERTS AND OR STOP LOSSES
Weekly Watchlist! 7/26 - 7/30Here is what stocks we are going to be keeping an eye on this week!
NASDAQ:WDAY
We are looking for a move here over $242 with target levels of $243.50, $246, and $248
NASDAQ:ATVI
Like how we are holding the 200sma just under trend resistance, we are looking for a move here over $92 for a run into earnings with a target of $93, $94, and $95
NASDAQ:NVDA
Looking for a break of resistance here over $197 with targets of $198, $199, and $200
NYSE:SQ
Looking for another break of trend resistance here for a move over $268 with targets of $270, $272, and $276
NVDA - NVIDIA short timeThe chart possibly ended its 5 wave rally and now it's going into a corrective wave. We should take maximum profit from it.
To make the trade more secure, we need to divide it into at least 3 entries. 1st entry to close at first target. Second entry to go at the end of the blue arrow that indicates the end of (C) wave. The 3rd entry will be held until the chart reach the wave IV of a smaller degree, although as a second wave the price has the potential to fall even by 61.8%. This is the case where we need to wait for a part of correction to form, or to make fundamental analysis
Write down in the comments your opinion about the stock decline
NVDA: You must keep an eye on these key points!Hello traders and investors! Let’s see how NVDA is doing today!
First, it did trigger the pivot point at $ 190.20, and it is doing higher highs/lows . What’s more, NVDA recently found a support at the previous bottom level around $ 178, and this bullish reversal structure is appearing in a very good moment.
Right now, NVDA is doing a pullback to the $ 190.20, which previously was a top, and now, it is supposed to become a bottom in the short-term, according to the Principle of Polarity . The 21 ema is quite close to this point as well, making it a dual-support level.
Of course, the situation is not that easy now, as we still have the purple trendline , which connects the previous 3 top levels, and could work as a resistance in the future again.
The daily chart gives us more clues:
The support at $ 178 is quite close to the 38.2% Fibonacci’s Retracement ($ 180), and it is easy to see now why NVDA did a bottom over there. This is a very strong support level.
What’s more, NVDA did a lower high/low in the daily chart, indicating weakness in the mid-term. Now NVDA is fighting to break the 21 ema, and it is losing, so far.
If the pivot seen in the 1h chart gets frustrated, and NVDA loses today’s low tomorrow, the mid-term trend will prevail over the bullish reversals pattern seen in the short-term, and we might seek the retracements again, even the 50% retracement, at $ 171. The 61.8% retracement at $ 163 is the last support level it could retest in a stressful scenario.
Honestly, I don’t see NVDA crashing, but don’t see it flying either. Either way, it is important to look at the bullish structure in the 1h chart, and Fibonacci’s Retracements in the daily chart for now.
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Thank you very much!
Crackdown on Bitcoin miners. Will this mean a drop in NVDA soon?NVDIA has been on a strong bull trend and we are now seeing a double top and possible retracement. If this goes down to the 50% Fib level, we are likely to see $480 followed by a sideways / consolidation period before it goes back up again. Maybe wait for the big dip to get into this one!
Let me know what you think....
NVDA Buy LevelsThe color coded support levels shown on the chart are the levels I am currently watching on Nvidia should an extended pullback occur.
The levels were found using a simple, multi-fibonacci retracement method based on previous swing highs and swing lows that allowed me to spot local fib levels. I will possibly make a post on this one day as an educational resource.
There is a lot that will go into this so there is no way I can cover everything in this one post. So check for updates in the future.
In the meantime, we will start with the most bearish scenario and that would be below the .236 fib level at around $715.
I personally do not trade below the .236 but there is no rule that exists that you shouldnt. Its simply my personal preference not to.
This is the basement floor where many traders would choose to place limit orders with hopes that they hit. This is the area where the largest potential gains are made.
PLEASE NOTE: Nvidia does not HAVE to reach these exact prices. This is just simply a point of reference for one to borrow. Please apply your own analysis to come to your own, best conclusions.
With that being said, my favorite fib levels to buy are primarily whatever level the current price is closest to. Which means the .786 level near $812 is the level that should get your attention as of right now.
As you can see, the price wasted no time dropping to this level and one should note that this was not random. The first level that price usually pauses at when pulling back is the .786 fib level. And if this level holds on larger time frames, that would be the first signal of a possible bullish reversal/continuation. If this level holds on the weekly, bears will be at risk of losing momentum, and bulls could retest the all time highs again.
On the flipside, if NVDA breaks the .786 fib level ($812) then that would be the first true bearish signal. And although this is a daily chart, we are truly looking for closes below/above the fib levels on the WEEKLY.
The lower range of each fib level are the buy areas. The tops of the fib levels are the expected rejection areas.
You can see the price at each corresponding level as follows:
$838
$812
$791
$777
$762
$744
$715
To the left of the candle sticks on the chart you will see an example of how to ladder buy simply using the fib levels. It is fairly common sense but one should feel free to tweak it and apply their own strategies as long as risk management is being practiced.
Check back in the coming days on this and if you have made it this far reading this please leave a like!!
Weekly Outlook! 7/12 - 7/16Here is what stocks we are looking at for the coming week! As well as a recap of last week's video!
NYSE:CAT
Looking for another swing high off of lows. Looking to get a confirmation for the break of it's current bullflag pattern over the $220 level.
NASDAQ:NVDA
NVDA has been range bound the last two days between $806 and $788. We will be looking for a range break in either direction of those levels
NASDAQ:ROKU
Nice dip here after the recent run we have seen. Looks like we got a break of resistance and will look to catch the next move higher over the $434 level
NYSE:YUM
Nice trend resistance break on Friday, looking to catch a move over a break of $119 for continuation
NASDAQ:EBAY
Nice bullflag pattern forming here at highs, will look to take the next move up after a break of the $70 level
NVIDIA to bottom fib retraction zoneTechnicals and fundamentals supporting short position
- Nvidia has risen 25% in the last month to date, suggesting it may have a gap to fill - 90% of gaps get filled
-Overbought on every timescale and has rarely stayed above a 80% overbought level for more than a few days, which it is long
- Stock split coming in mid-July, which will jumpstart a stock buying spree as the stock becomes more accessible to retail investors…due for a correction before the
- Based on this chart, Nvidia has retreated into its bottom fib zone every time after hitting its peak fib zone, which is where it is currently positioned
NVIDIA stocks analysisHi every one
this is the chart of Nvidia corporation. as you might know Nvidia is a Great company which is Very famous among Gamers and Miners for It's High quality Graphic cards which everyone is using right now! so the chart is showing a pretty interesting bullish pattern,a bullish Flag! as you know the price can increase as much as the Flag pole after the upward breakout of this pattern happens.which in this chart It has already happened so yeah The price can Increase to 1000$!!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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Have a nice day and Good luck
Trading Idea - #NVIDIABUY
ENTRY: 545.00 USD
TARGET: 608.00 USD (+ 13% profit)
STOP: 512.00 USD
NVIDIA is a world leader in the design, development and marketing of graphics processors.
1.) Strong support at 536.70! This should help the price to move up in the short-term!
2.) NVIDIA's profit margins are among the highest of any traded company. The business is extremely profitable.
3.) The strong growth is one of the company's strengths. A further growth of approx. 70% until 2024 is forecast.
$NVDA Earnings Anticipation Nvidia cruising towards the top of its trading range as the company reports earnings this Wednesday May 26th, the report could definitely allow a breakout to happen near $700 if expectations and future projections are strong. High demand for graphics cards within not only the crypto community, but gaming community as well. Nearly impossible to get your hands on a 30 series card near MSRP these days. Watching closely.
NVDA getting ready for the earnings report
All eyes will be on Nvidia NVDA to report its Q1 results next week on Wednesday. The stock is down 12% over the last month, However, it seems that the stock is preparing for a probable trend reversal getting ready for the earnings report.
Prices could hit $590 and $600 respectively.