Nvidiacorporation
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.
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***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.***
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
if you agree with this analysis like it and comment to encourage me
the pro analyst
NVidia (In this world, violent men are the easiest to deal with)View On NVidia (10 Sept 2020)
NVidia is one of the best performing stock for the past few years.
It can produces highly chased after products years after years and it really does reflect well in the share price.
Overall it is still in the UPtrend but it can have some pullbacks now and then as well.
The good support (or) the good price to get in again will be around $400 (or) $350 region.
We are not in the hurry to buy in yet.
DYODD, all the best and read the disclaimer too.
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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
Let's take a look on NVIDIA today As shown in the graph, it seems there is an equilibrium during a certain period (Period specified by the rectangle.
Any huge break of this rectangle gives an idea about the trend of the stock price. if it breaks it down, the stock has a good chance to b decreasing, however, if it an up break, the stock will be increasing.
If none of these cases were realized, the NVIDIA stock will continue its equilibrium.
Nvidia is this sustainable?Hello everyone.
So from a fundamental perspective Nvidia has great products and technology, the profit margins are also great. But a 70/1 P/E ratio? Does that seem sustainable? I mean how many years would it take for the P/E to normalize with the price staying the same as it is, to let's say 20/1 which is still high relative to historical standards. Maybe there is something out there that will quadrupple the earnings of this company in a short time.
But let's we what the charts say shall we?
Well from a technical perspective the stock is overvalued, the red middle line is the average of the trend. And as you can see the price is way above the growth average. Pretty much confirming that what the P/E ratio tells us. The problem is in this sort of mania the price could go up even more before eventually going down. It's not safe to short here. Just keeping an eye on this stock is the plan now.
Also it goes without saying, I would never buy a stock at these technical levels and these valuations.
Nvidia: Reverse Head and Shoulders Pattern Analysis 1D (Apr. 20)X FORCE GLOBAL ANALYSIS:
In this analysis, we take a look at both technicals and fundamentals for Nvidia (NVDA)
Technicals
- We see a text book reverse head and shoulders pattern
- It seems as though the right shoulder has also finished forming, and our neckline remains around our support at $285
- Our all time high resistance sits at $315
- The Relative Strength Index is forming higher lows, and continues in an uptrend as a sign of trend strength
- The Moving Average Convergence Divergence (MACD) also shows increasing bullish histograms after a golden cross, indicating signs of momentum
- Normally, a breakout from the reverse head and shoulders pattern is resulted by an increase by the same degree of the depth of the neckline
Fundamentals
- The operating margin for Nvidia sits at 26.10%, gross at 62%, and net at 25.6.
- Nvidia generates considerably more profit, after expenses are accounted for, compared to its counterparts
What We Believe
Overall, Nvidia shows bullish technicals, and sound fundamentals. As a solid stock, it appears that Nvidia could move on to test new all time highs.
Trade Safe.