Nvidia_analysis
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 Buy the Retrace for 25% - 45% Gains 1D TF Analysis
Well respected Ascending Channel Printing Higher Highs and Higher lows
with a new ATH Printed on the 2 June I would like to see a
back test of the $590/$600 * 0.618 Fib region before continuation to the upside targeting the
1-1 Fib Extension for a 25% move which sits at the middle of the channel and the 1.618 at the
top of the channel for a 45% gain.
I have highlighted the box for entry and depending on your appetite for risk
you can place SL below the last swing low at 530 or more wider at 450 again this is for you to decide
this is just an example .
Plan the trade and trade your plan , Know your invalidation and always use a SL .
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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.
NVDA channel.We see a long-term channel (purple lines). It started in 2016. In October 2018, it was broken. Then the "Diamond" model was formed. And the growth began until March 2020. Then the price of April 2020 pushed off from the support of the "diamond" and took a course sharply up to rejoin the old purple trend.
Today we are near the trend resistance, the peak growth is limited to $620-630 and the stabilization in the range of $605-615 at best. In the worst case, close to the day of the report, the price will draw something similar to the "Double Top" model and, breaking through the "neck" level, will go down to the support of the channel - to $525.
NVIDIA still rangebound; possible swing opportunity (again)When NVIDIA touched the support of the lower channel I bought for a swing trade to the top of the channel. That was an easy 10% profit in about 4 days with very minimal risk since I bought at support. That resistance is proving to be strong at the moment. It is sending NVIDIA down again. Also, MACD is below 0 and pretty flat and ADX is also flat, which corroborate the rangebound price. Those moving averages may offer some support but if the price gets to the bottom of the channel and the support holds I am buying again with the same strategy. I will keep and eye on those indicators along with Stoch RSI to help me find a good entry with a clear upside.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
NVIDIA on the bottom of the channelNVIDIA has been trading on a channel for the past couple of months. Today it dropped 5% to the bottom of the channel. Although Stochastic and MACD (not on the chart) are not giving any clear signals, the OBV has been moving up throughout this time, which means interest is high and traders are buying at these levels. I already have a nice amount of shares but I am planning to buy at the support and sell at the top of the channel (for about 10% profit) if it gets there in the short/mid term. My stop loss will be placed just below the lower line of the channel.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
$NVDA$NVDA been trading in sideways range for a while, a break above the highs would be very bullish and could be the start of another wave up. If we do roll over look at the fib 50-61.8% for support. The way to play this be with an option strategy, selling a put at $400 take some premiums with intention to take the shares, if assigned, sell a $450 call right away as well as another $350 put to average down if it falls further and collect some premiums at the same time.
NVIDIA CORP signal buy , NVDA Stock a buy opportunity
the purchase from the second green candle has two reasons: the breakout of the VWAP indicator and the interesting volume compared to other volumes this means that this market is at the start of its uptrend, therefore a buy signal
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the pro analyst
Nvidia Hits Major Resistance Level.AMD and NVDA are both hitting a top of channel Resistance on larger timeframes.
I am looking at $460 for a potential short on nvidia.
I will play a tight stop and see if it can break above the channel.
If it did break above you would want to see it establish a new support level above old Resistance, then you could play it going up.
But for now I will stick to the rules and look at this as a potential reversal. If sellers stepped up we could see a potential 20% retracement. Risk a little for a potential bigger move down.
The spx500 is almost back to all time highs, I don't think we will blow right through. We could see some correction in the markets first, then we can see where we want to establish support. It will be an interesting month.
Best of luck
NVIDIA LevelsI could see a little more pump, but I'm not buying these tops. Four hour TTM looks like its rolling over. Speculating how much correction we see here will be correlated to all major indices corrections. I'm thinking that with the legislation on the twenty seventh of July with Facebook, Apple, Google and Amazon, we'll see something that causes some sort of dip.
I could see massive pumping before then and maybe a bit after, similar to the pump we saw in December before the covid news was used to provide the backdrop for massive profit takings at the expense of the lay person.